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Old 19-05-2012, 12:34   #728
Damien
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Re: Eurozone will collapse...

Quote:
Originally Posted by Osem View Post
Who said they don't need to put their economic house in order? It's not only the Germans who have vast sums of money at stake either - directly and indirectly. However, it's not Germany's business who the Greeks elect and how they do it.
Well it is because the party that currently stands to get elected look like rejecting the austerity measures that were a condition of the bailout. It is Germany's business if this happens, they are entitled to not to have to throw good money after bad in order to prop up a unsustainable system in Greece.

The Greek people are being lied too when they are told they can reject those austerity measures without consequence. They probably don't care anymore but the German suggestion of a referendum is probably designed to make clear what they are voting for.
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