Tag Archives: German pensions

Hey Merkel, leave the Greeks alone

Illustration by Manos Symeonakos

A year ago, a month ago, perhaps even a week ago, German Chancellor Angela Merkel’s comments about Greeks needing to work more would have gone down as badly in Athens as a joke about room service in the Strauss-Kahn household. They would have sparked another exchange of barbed comments between Athens and Berlin and further histrionics from the more rabid elements of the media in the two countries. This time, Merkel’s words landed quietly on a pile of other comments made about Greece over the last few days.

Greeks have been hit this week by a barrage of opinions on debt restructuring, new loan agreements and even political consensus. And at the end of it, they are none the wiser. Restructure now, say some economists and European officials. It is too early, others say. Only soft restructuring should be discussed, argue some experts. Substantial haircuts are required if Greece is to survive, say others. Greece will need new loans to stay afloat, say the whispers in the corridors of power in Brussels and Washington. We are not applying for any more emergency funding, say those who hold power in Athens. Get your political parties to agree, says a European commissioner. It is our democratic right to disagree, says the leader of the Greek opposition.

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