... of paper is not the end of the story between Greece and its creditors. On the contrary, it is a new start for both Greece and Germany as well as Europe more generally. The second reason is due to the process of negotiations itself. However, since the E.... ... loans made under Memorandums I and II were created to protect Germany’s and France’s bonds. Without any doubt, the Eurozone project is very weak. Moreover, the leaders of the Eurozone states did not prevent the difficulties that Eurozone itself ...
... Greek debt (180% of GDP) the Greek issue is not only a special circumstance but also, a calamitous fiscal cocktail.
The German View
AP Photo/Lefteris Pitarakis
Protesters hold placards during a rally to show
solidarity with Greece, Sunday, Feb. 15, 2015
Germany is without a doubt the most powerful state in the E.U. and within the eurozone. A few weeks ago George Friedman published an article “The Grexit Issue and the Problem of Free Trade” where he supports the idea that the Greek problem is deeper than it seems (a fiscal and debt crisis). According to the article, Germany’s commercial policy restricts the comparative advantage that ...