Latest update: 05/03/2010
Greece-Germany: the war of words
It's not often that a Eurozone country asks a fellow member of the club to guarantee its debt. But that, it seems, is what is happening this Friday when the Greek prime minister meets the German Chancellor in Berlin. George Papandreou and Angela Merkel will be exploring how Germany can help to lift Greece out of its economic mess.
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Greece-Germany nonsense talking
Germany is the central exporter in the Eurozone and has benefited greatly by exporting in Europe including Greece. Greece has bought unecessary defense, its budget for arms that will never be used was 5.8% of the GDP. For sure Greece re-organization and tighter regulations but it is not worse than some other countries like the USA and the UK who are completely unproductive and their major products are unregulated finance. Now and in the future countries in the Eurozone will need assistance.Perhaps it is about time for EU to become more federalized. Either the European Union acts as a group and stands strong or should dissolve in splinder states as it was once. If California goes under the US will not expell California from the Union.