Saturday, June 20, 2015

"If Greece falls..."

[Special meeting of the European Council on 23 April 2015. From left to right: Martin Schulz, President of the European Parliament; Alexis Tsipras, Prime Minister of Greece; Jean-Claude Juncker, President of the European Commission. Photo: European Council. Source: Flickr]

"As the Greek crisis continues, Steffen Vogel reports that a majority of German business leaders look upon a Grexit as a favourable option, according to a survey published last month in the German business daily Handelsblatt.

At the same time, Vogel draws attention to the political price of a Grexit, summed up best he says in the words of Reuters European affairs editor Paul Taylor: "If Greece falls, no one wants their prints on the murder weapon".

"That applies to the German government too", Vogel continues, "long held up on the international stage as an example of a party that is blocking a lasting solution to the crisis.

Some weeks ago, The Economist mocked Wolfgang Schäuble as an 'ayatollah of austerity', thus reversing the rationale upon which Berlin claims to be acting pragmatically." "

[Source: Eurozine.]


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