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Old 15.08.2012, 18:37   #1
sysop
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Join Date: 08.03.2005
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Default Resistance in Berlin: The Return of the Iron Chancellor

Antonis Samaras' trip to Germany next week will be a complicated one. The Greek prime minister is expected to ask Angela Merkel for his country to be given two more years to adhere to the austerity conditions attached to the country's EU-IMF bailout program. With political resistance growing in Berlin, the chancellor has little leeway for compromise.

http://www.spiegel.de/international/...850263,00.html
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Old 16.08.2012, 06:46   #2
yiannaki
 
Join Date: 06.08.2012
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Default Failing state.

To my opinion it's better to define the Greek state as a failing state. OK, it did implement austerities. But something else is to complicated.For all kinds of reasons. And two years later the result will be the same.
When countries like Greece really want to become euro-proof it will take 25 years / 2 generations. So it's better to offer this kind of countries a soft, devaluated euro (seuro). It will reduce the stress for those countries (and the EU). And those countries are free to decide what they want to do concerning the euro. Something they (and the EU) better did do before getting the euro.
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