Germany gained 100 bn euros from Greece crisis, study finds | Business | ekathimerini.com

Leading Greek paper, Kathimerini cites the private, non-profit Leibniz Institute of Economic Research for its paper. This is an important read. Check it out!

via Germany gained 100 bn euros from Greece crisis, study finds | Business | ekathimerini.com.

It seems that the Greek crisis has enabled Germany to borrow more cheaply and save Euros 100 billion. It’s eye-watering.

Add this to the fact that the Euro crisis has weakened the Euro but Germany’s exporters have benefited on a massive scale. The former president of the US’s Federal Reserve, argued that either the Euro’s fiscal rules should be loosened or an export constraint should be introduced as well.

Let me ask an open question:

Is Germany manipulating the rules to Germany’s advantage?

Thoughts?

 

 

Greek PM ‘takes responsibility’ for bailout deal | News | ekathimerini.com

English: Alexis Tsipras in a press conference ...

English: Alexis Tsipras in a press conference in Komotini. Ελληνικά: Συνέντευξη Τύπου του Αλέξη Τσίπρα στο ξενοδοχείο Ξενία στα πλαίσια της επίσκεψης του στην Κομοτηνή 13.11.2008 (Photo credit: Wikipedia)

This short article from Greece’s leading newspaper,  Ekathimerini is an important read. Check it out!

via Greek PM ‘takes responsibility’ for bailout deal | News | ekathimerini.com.

Yesterday, I asked a politically savvy Greek Cypriot, whom he thought would emerge governing Greece? His reply surprised me – he told me that Tsipras was so popular in Greece because he is seen as clean and anti-corruption.

Once the dust settles, it would be a good move (as John Gelmini suggests) for Tsipras to team up with Europe’s best law-enforcement professionals and bring the corrupt to trial. This would be seen as a powerful change initiative. Perhaps, Greece needs to look to China as an example?

Thoughts?