Dirk Laabs — Why is Germany so tough on Greece? Look back 25 years
Mike Norman Economics 2015-07-17
Every drama needs a great baddie, and in the latest act of the Greek crisis Wolfgang Schäuble, the 72-year-old German finance minister, has emerged as the standout villain: critics see him as a ruthless technocrat who strong-armed an entire country and now plans to strip it of its assets. One part of the bailout deal in particular has scandalised many Europeans: the proposed creation of a fund designated to cherrypick €50bn (£35bn) worth of Greek public assets and privatise them to pay the country’s debts. But the key to understanding Germany’s strategy is that for Schäuble there is nothing new about any of this.… Wash, rinse, repeat.
The Guardian Why is Germany so tough on Greece? Look back 25 years Dirk Laabs
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