Looks like the Germans have finally agreed but to a plan to 'rescue' the Hellenes which combine an intervention from the IMF and the EU. Involving the IMF was something opposed by most of the nations in the euro zone. The French who are traditional allies to the Greeks appear to have given in.
The Greek press, rightly or wrongly, is critical of the Germans who, after all, destroyed most medium size countries during the second world war (especially Greece) paid no reparations afterwards and then received massive support through the Marshal plan (which included money paid by the 4 million USA Greek American tax payers) The deputy PM of Greece (who doesn't look like suffering from the effects of the recession) has been asking why it is that the Germans have not returned the gold reserves removed by the occupation forces. Whatever the arguments are one thing remains clear and that is that the workers of that country and soon the other 3 if not more, will have to pay the price.
Is Euro Federalism working??
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