It is no longer about credit as today’s agreement demonstrates. It is about Germany establishing a fiat ruling order with Germany doing with bureaucracy what it failed to do with bullets.
Germany demanded 1/2 its post war debt be written off and now it refuses to do what it originally received.
the EU had to have this deal in order to save the EU. The EU is an unsustainable entity. It is not a union of equals but a suicide pact for death by paper cuts.
Wrong again. Greece wanted into the EU, wanted the credit to support its welfare state, but didn’t want to pay the bills. Let your Kremlin boss know that your astroturf line of crap isn’t flying on FR.