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IPFS News Link • European Union

Germany Never Intended For Greece To Stay In The Euro

• By Michael Snyder

But the Germans had to do this subtly so that they would end up looking "reasonable" and would not turn the rest of the eurozone against them.  So why does Germany want to get rid of Greece?  Well, to be honest, it is because the Germans are sick and tired of paying for Greek mistakes.  In Germany, there is an obsession with having a balanced budget.  They even have a term for it – "the black zero".  So it absolutely infuriates the Germans that the Greeks can never seem to get their act together and that German citizens have to keep paying for it.  At this point, the amount of money that Germany has already poured into Greece breaks down to more than 700 euros per citizen, and now Greece is going to need a new bailout of somewhere between 82 billion and 86 billion euros over the next three years.  Needless to say, the Germans are fed up with pouring money down a financial black hole, and they know that if they keep bailing Greece out that it is only a matter of time before they will have to bail out Italy, Spain, Portugal, France, etc.

So, no, it hasn't been the Greeks holding up a deal all this time.

It has been the Germans.

And now that we have reached the endgame, the Germans are pushing for what they have always wanted from the very beginning


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