Jesus, Merkel must not understand how the rest of the world is seeing this: Greece folds on austerity; Germany rips Europe apart. Shocking.
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Replying to @slightlylate
@slightlylate In a way, Germany ripped Europe by lending money it needed. Now their banks will default if they don't get it back.2 replies 0 retweets 0 likes -
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Replying to @slightlylate
@slightlylate They wanted to keep the eurozone, and so were ready to lend money with a low probability to get it back. Greece doesn't have…1 reply 0 retweets 0 likes -
Replying to @espadrine
@slightlylate the GDP to reduce its debt, so it was bound to grow forever. That would ensure Germany to not default at the expense of Greece1 reply 0 retweets 0 likes -
Replying to @espadrine
@espadrine : this is backwards. Greek GDP is shrinking *because* of austerity2 replies 0 retweets 0 likes -
Replying to @slightlylate
@slightlylate@espadrine LOL. Then tell me why they needed a bailout in the first place if their GDP didn't vanish? Get your facts straight.4 replies 0 retweets 0 likes
@FremyCompany : what's happening now is almost entirely a product of EU policy post '10 bailout. Austerity at work.
/cc @espadrine
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