Greece Is the Word

George Friedman writes for RealClearWorld about the bailout deal forced on Greece by the Germans. It is his view that both sides felt backed into a corner and, as the stronger state, Germany prevailed.

This is as far from what Germany wanted as can be imagined. But Greece could not live with German demands, and Germany could not live with Greek demands. In the end, the banking crisis gave Germany an irresistible tool. Now the circumstances demand that the Greeks accept austerity and transfer key elements of sovereignty to institutions under the control or heavy influence of the Germans.

The Greeks remember German occupation during WW II, and not with fondness. This deal could still come unraveled. The whole aricle is good, the situation is not.