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Merkel’s German Critics Say Greek Bailout Was Doomed From Start
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The domestic German public opinion has shifted against further bailouts to the point where a poll conducted July 1-5 before the referendum shows only 10% of German supporting further concessions in negotiations with Greece. This reduces even further the room domestic public opinion gives German chancellor Merkel for flexibility in talks following the Greece referendum "no" vote to earlier proposals from Germany and France. The multi year program planned for Greece following the referendum involves reforms such as making firing workers easier, changes to product markets and privatization of state assets, which were left out in the June 2 proposal from Merkel and Hollande, which was rejected at the time by Greece.
German public opinion on the failure of talks and the referendum in Greece in July 2015
07/04/2015
Polls show about 70% of Germans support finance minister Schauble in the talks with Greece.
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Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
Greek Crisis Shows How Germany’s Power Polarizes Europe
Wall Street Journal 07/07/2015
Merkel’s German Critics Say Greek Bailout Was Doomed From Start
Wall Street Journal 07/08/2015
Economist 07/19/2015
Why Greece Should Leave the Eurozone
New York Times 07/24/2015
Shifts in German public opinion to bailouts of other European countries
12/01/2010
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Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers
Wall Street Journal 07/04/2015
Greek Crisis Shows How Germany’s Power Polarizes Europe
Wall Street Journal 07/07/2015
Merkel’s German Critics Say Greek Bailout Was Doomed From Start
Wall Street Journal 07/08/2015
Debt crisis tests German ties to euro
Washington Post 12/01/2010
Merkel's Defense of Euro Forged in East Germany
New York Times 01/30/2011
Challenges Chancellor Merkel faces in Germany on immigration and Greece's position in the eurozone in 2015
12/31/2014
In the tenth year of the Merkel administration questions are raised about whether her position on immigration is out of touch with ordinary Germans. Her New Years Eve message included a reference to the Dresden marches on immigration saying that these people had "prejudice, coldness, and even hatred in their hearts." Immigration and paying the cost of integrating immigrants was one of the issues in 2014 Swedish elections, and is an issue today in the UK and France. The terrorist attack in France by radical Muslims has created new tensions in 2015.
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Euro and Immigration Promise Challenges for Merkel in 2015
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Big Anti-Immigration Rally in Germany Prompts Counterdemonstrations
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Russia Links Loom Larger as Greece Seeks Debt Relief
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German Anti-Immigrant Leaders Resign
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Greek Financing Talks Break Down Amid Deep Divisions Over Bailout
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How the German role in the eurozone crisis is viewed inside Germany, in Greece, Spain, Italy and the rest of Europe
05/26/2010
German media/public opinion and media/public opinion in other eurozone countries.
Grouped Articles
Elites Flock to Anti-Euro Party, Alternative for Germany
New York Times 04/14/2013
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
Germans Love Europe â But Not the Euro
New York Times 10/11/2011
New York Times 05/26/2010
Luxembourg Foots a Big Piece of the Greek Tab
BusinessWeek 05/27/2010
Germany's Surplus Isn't the Problem
Wall Street Journal 11/11/2013
Germany's total exposure to Greece in 2015 estimated at 90.6 billion euros in 2015, of which 53.4 billion euros in loans are not repayable till 2020 and 2024
07/06/2015
Standard & Poors estimate of the total exposure of Germany to Greece is about 90.6 billion euros. Since the bulk of this or 53.4 billion euros under bilateral and EFSF loans that do not begin repayment under 2 programs till 2020 and 2024 the losses are seen as manageable. This say experts could be covered by normal fiscal revenues over several years without having to raise taxes. This strengthens Angela Merkel's hand in any negotiations with Greece following the "no" vote in Greece on July 5, 2015.
Grouped Articles
Germany Has a Lot to Lose in a Greek Euro Exit
Wall Street Journal 07/06/2015
Merkel’s German Critics Say Greek Bailout Was Doomed From Start
Wall Street Journal 07/08/2015
Economist 07/19/2015
Eurozone Gives Greece Some Debt Relief as Bailout Nears End
WSJ 06/22/2018
The EU proposal on Greece made by Hollande and Merkel on June 2, 2015
06/03/2015
The June 2015 proposals provide EU concessions on public sector worker reduction, and the surplus targets for 2015-2017, in an effort to reach a settlement. French president Hollande and German chancellor Merkel worked together to come up with a deal for Greece. Greece will have to make some cuts in the middle of a deep downturn, and continue reforms, but the plan takes into account the current situation by setting lower surplus targets and giving Greece more time to correct its finances.
Grouped Articles
Greece’s Creditors Make Some Concessions as Showdown Approaches
Wall Street Journal 06/03/2015
Greek Crisis Shows How Germany’s Power Polarizes Europe
Wall Street Journal 07/07/2015
Merkel’s German Critics Say Greek Bailout Was Doomed From Start
Wall Street Journal 07/08/2015
Who is Peter Altmaier and why does he matter?
The Economist 04/14/2017
The new multiyear program proposed by Germany and France to replace the June 2 proposal, following the Greece July 5, 2015 referendum, which sets more reforms
07/07/2015
Linked Articles
Merkel’s German Critics Say Greek Bailout Was Doomed From Start
Wall Street Journal 07/08/2015
Eurozone Sets Sunday Deadline for Greece Financing Deal
Wall Street Journal 07/07/2015
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