GER Schaeuble goes, US Lew comes…

Posted by in Economy

German Finance Minister Wolfgang Schaeuble left Athens on Thursday after an intense visit: three interviews, five appointments, one conference, one working lunch. All these in just height hours. He came, saw and conquered. No the hearts of the citizens of besieged Greece but the hearts of the German taxpayers and voters. He made it clear, that he opposes the idea of a second debt restructure.

German Finance Minister Schaeuble in Athens

Schaeuble – Stournaras

The charming gentleman -who media stressed to have captured him ‘laughing’ -brought to locals a bag with 100 million euro to be distributed in form of investment funds. A contemporary replacement of the usual gifts to the natives: pieces of broke mirrors and fake pearls.

After a stressful Thursday, the Greek government has two days to recover from the German inspection. On Sunday U.S. Treasury Secretary Jack Lew will visit Athens to discuss the euro zone country’s economic reforms and Europe’s policies to support recovery, the Treasury said on Wednesday. Lew will meet with the prime minister and  the finance minister.

Lew’s visit comes before Prime Minister Antonis Samaras meets with U.S. President Barack Obama in Washington on August 8.

I suppose after these important comings and goings full of positive messages and express of support, we can all go to summer vacation in the nearest city beach. The autumn is expected to be as hard and as troublesome as possible.