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Austere? Your word, not ours
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This article in the Economist describes the different perspectives on the Greece crisis in July 2015 as seen inside Germany. It cites a poll showing German 51% to 41% favoring a Greek exit from the eurozone. About 85% reject further concessions in a July 1, 2015 poll, including 68% of the supporters of The Left, a post-Communist party. Social Democrats leader Sigmar Gabriel, said of the Greece timeout from the euro proposal by finance minister Schauble- that it was the appropriate thing to consider all options. And 78% polled see Greeks not keeping their side of the deal. Some experts see stronger sentiment about Greece after the events in July 2015, and the raising of the issue of the debt haircut given to Germany in 1953, because Germans see themselves as having gone to great lengths to build a strong Europe after their own troubled history in the 20th century. If the goal was to win German support in 2015, this has come across as poor tactics and poor strategy, considering how it has changed German opinion across the spectrum of political opinion.
Germany's finance mnister Schauble and Germany's response in the Greece crisis including a Greece timeout from the euro option
07/18/2015
Grouped Articles
Minister in Germany Discusses Greece Role
New York Times 07/18/2015
Economist 07/19/2015
Why Greece Should Leave the Eurozone
New York Times 07/24/2015
ECB study in April 2013 using 2009-2010 data showing the median household wealth in Germany at 50,000 euros, lowest in the eurozone
03/03/2010
The median for household wealth in Greece is 102,000 euros.
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
Wall Street Journal 03/03/2010
New York Times 05/26/2010
Europe's Easy-Money Policy Snubs German Savers
Wall Street Journal 11/25/2013
Americanized Labor Policy Is Spreading in Europe
New York Times 12/03/2013
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.
Grouped Articles
Euro and Immigration Promise Challenges for Merkel in 2015
New York Times 12/31/2014
Big Anti-Immigration Rally in Germany Prompts Counterdemonstrations
New York Times 01/12/2015
Wall Street Journal 01/21/2015
Russia Links Loom Larger as Greece Seeks Debt Relief
Wall Street Journal 01/29/2015
German Anti-Immigrant Leaders Resign
New York Times 01/28/2015
Greek Financing Talks Break Down Amid Deep Divisions Over Bailout
Wall Street Journal 02/17/2015
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
Jochen Bitner, political editor of the German newspaper Die Zeit, on rescuing Greece outside the eurozone as the best solution in July 2015
07/07/2015
The editor of a liberal newspaper in Germany reflects prevailing German opinion that the best solution for the eurozone is to rescue Greece outside the eurozone, not inside. The referendum in Greece removed the last bit of resistance to that solution as it opens up the possiblility of arepeat in Spain, Portugal, and other countries for populist movements calling for early debt writeoff which would endanger the very existence of the euro, and created a divided Europe after decades of effort by France and Germany to create the European Union. With the economies of France, Spain and Italy making a recovery the eurozone and the EU may actually be stronger in coming years, laying the foundation for the future with better rules based economic and political governance.
Grouped Articles
It’s Time for Greece to Leave the Euro
New York Times 07/07/2015
Economist 07/19/2015
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.
Grouped Articles
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
Austerity, Germany, and the economic crisis in Greece in 2015- the role of extreme levels of borrowing in the crisis
02/27/2015
Prof. Rogoff at Harvard and Prof. Bulow at Stanford point to the role of extreme levels of borrowing as the root cause of Greece's economic crisis. Greece would have suffered more if the EU and ECB had forgiven the debt but refused to lend since 2010, say Bulow and Rogoff. The popular rhetoric puts the blame on Germany for the austerity programs, yet this does not tell the entire story of profligate borrowing and spending till 2009, and the efforts of the EU and the ECB to find a way out of the crisis with conditional financing of the government and banks.
Grouped Articles
Don’t Blame Germany for Greece’s Profligacy
Wall Street Journal 04/17/2015
New York Times 02/27/2015
New York Times 04/20/2015
Greece Flashes Warning Signals About Its Debt
New York Times 04/19/2015
Greece’s Long and Painful Odyssey
Wall Street Journal 04/22/2015
Greek Deal or No Deal: Investors Question Which Is Worse for Euro
Wall Street Journal 06/28/2015
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 Greens party in Germany- views of Jurgen Trittin on Greece and the eurozone crisis
08/12/2013
Grouped Articles
German Politician Open to Greek Debt Waiver
Wall Street Journal 08/12/2013
Economist 07/19/2015
Green party: What’s Green and Has No Voters? | ZEIT ONLINE
ZEIT ONLINE 04/01/2017
Who is Peter Altmaier and why does he matter?
The Economist 04/14/2017
DW.COM 08/28/2017
Opinion | The Greens Are Germany’s Leading Political Party. Wait, What?
NYTimes.com 06/19/2019
The contrasting views about the Greece crisis in July 2015
07/18/2015
Linked Articles
Minister in Germany Discusses Greece Role
New York Times 07/18/2015
Economist 07/19/2015
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