Jesus, Merkel must not understand how the rest of the world is seeing this: Greece folds on austerity; Germany rips Europe apart. Shocking.
@espadrine : this is simply not true. The level of euro-area austerity when borrowing costs are so low is *self defeating*
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@slightlylate The latter possibility isn't austerity, it's default. But default is a breach of trust, it makes assumed value disappear. -
@espadrine : so to recap: northern europe bailed out it's banks, put Greece in. a depression, and now insists Greece must not "break trust" - 1 more reply
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