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It's happening already -- Papademos was Germany's choice for interim prime minister. This was in return for the last round of bailouts.
by tadfisher 15y ago
It's happening already -- Papademos was Germany's choice for interim prime minister. This was in return for the last round of bailouts.
- freehunter 15y agoAnd besides not crashing the EU economy, what is Germany getting out of it? Germany and Greece are quite far from each other, geographically. It is like the US buying a controlling influence in Israel in return for a (economically) stable and growing trading partner? Is it simply plugging the hole with your finger to keep the boat from sinking? Or are they looking for geographical expansion?
- tadfisher 15y agoThis isn't like a US-Israel situation; it's more akin to a California-Alabama situation (which is actually about the same distance as Germany-Greece). Germany and Greece are part of this economic bloc called the European Union, and they share the same currency. Greece's debt is also financed mostly from German banks. If Greece goes down, so does a large chunk of Germany's economy, as the banks will either fail or take drastic measures (like putting a stop to all lending) to protect their balance sheets. Since Germany is the largest economy in Europe (20% of the EU's GDP), this will basically kill the EU as we know it and may bring on a global depression.
- freehunter 15y agoRight, what I was dancing around asking was "does the author really believe Germany is going to buy Greece and keep it?" Like California buying Alabama and now you've got two Californias.