Sunday, March 15, 2015

Greek Update

Have you been wondering what's happening with the Greek financial crisis? Spiegel (Ger.) has an English-language update on the machinations between Germany and the EU concerning how hard to lean on Greece.

German Chancellor Angela Merkel wants the Greeks to get serious about cutting expenditures and collecting taxes, neither popular in that country. On the other hand, EU President Juncker refuses to consider the Greeks leaving the EU or the euro zone.

The story is one of conflict between Berlin and Brussels. The Greeks seem almost bystanders in the debacle.