Merkel: Pressure on Greece will not relax

Posted by in Economy

I have the feeling, Greeks help German chancellor Angela Merkel lead a successful elections campaign and consequently win the next elections. By asking an additional 10-billion euro package, by fulfilling the Troika imposed ‘structural reforms’ with great struggling, by demonstrating inability to catch the real big fish of tax evaders and get rid of pathogenic state diseases, the Greek government seems to do its best to fill up a nice fussy warm pool where Merkel, Schaeuble & Co can gladly swim around smiling and making promises to their own taxpayers.

In an interview to German newspaper «Saarbrücker Zeitung», Angela Merkel said pressure on Greece will not relax until the debt-ridden country implements the needed reforms.

Merkel: “”I will certainly not weaken the incentive for Greece to further necessary reforms by saying something about the result of the [fiscal adjustment] program that needs one more year to complete.”

In another interview Merkel reiterated her objection to a new Greek hair cut and warned that a Greek debt write-down could spark a “domino effect of uncertainty” and scare off investors in the eurozone.

The Greek issue has become a big topic in the German elections campaign and is been used by all parties – government or opposition.

German hysteria

In an attitude that reaches the edge of hysteria, German media are against a third bailout package for Greece because of the “incapable political elite that is unable to proceed with reforms, has a populist rhetoric and looks after personal than national gains,” so the conservative Frankfurter Allgemeine Zeitung.

Yellow press Bild Zeitung went even so far to publish ‘fake’ party placards like this below, and thus using all German political parties for its populist anti-Greek campaign.

Merkel bild

Not a cent more for Greece – That’s how Germany remains strong

That’s how Bild remains a stupid populist: here

PS I wonder if any German political party complained to Bild about it.