Germany is pushing Greece toward an exit from the Eurozone of the 17 countries that use the euro, the Italian newspaper La Repubblica has reported, fueling speculation that despite bailouts Greece’s economy cannot be saved.
“Germans are about to say adieu to Athens while big banks and political parties regard the Grexit quite possible, ” the paper reported. La Repubblica’s correspondent in Berlin wrote that, “German politicians suggest that Greece is an already lost cause and ask the European Central Bank to support common currency in compliance with Bundesbank demands and avoid buying weaker countries’ bonds.”
The report continued that that high-level bankers have begun working on a plan focused on following 12 to 18-month-long developments and that, “‘Bavarian vultures’ policy towards Greece, that is trying to prevent other countries from following in Greece’s footsteps, and to punish Greeks, appears as a threat for everyone right now. For some ‘vultures,’ their victory in the 2013 German elections is totally worth a Grexit.” The report concluded that German conservative politicians often refer to a possible new powerful currency, a German-Dutch version.
Greece is under pressure from international lender to make another $14.16 billion in cuts and impose more austerity measures to insure the continuance of bailouts that are propping up the country’s economy, which is staggering under $460 billion in debts, and as the new coalition government of Conservative New Democracy Prime Minister Antonis Samaras faces the prospect of social unrest as it prepares more Draconian measures for Greek workers, pensioners and the poor.
(Source: Proto Thema)