Don’t worry for your money!
The Germans are outraged that have to pay the debts of Greece. Politicians exploit these feelings without having to bother to explain to people the whole truth, says the publication of the newspaper Suddeutsche Zeitung, quoted by Radio Deutsche Welle. Reality has little to do with clichés. Worse is that the Germany government totally failed in its mission to inform and calm just Germans the truth about what is highly indebted to Greece for the common currency, responsibility and interests of Germany. Silence continued so long that finally Luxembourg Prime Minister Juncker seemed forced to take over the role of educator.
No money – no jobbery
In an interview on the radio Juncker said what chancellor Merkel suppressed. He explained that no European taxpayer and at least Germany should be afraid for their money. In the event that Athens asked for money, she will get a loan, which will be quite normal to pay interest. Germany Government may even benefit from such a loan, since it would take the money market at much more favorable conditions than those under which they grant to the Greeks. And not only Germans could allocate money to Athens. No, we should help all countries in the euro area, the burden will be distributed in accordance with a special key.
Furthermore, why the government did not explain Germany finally, that it is not very unselfish when it comes to financial aid? Germany Greece credits are beneficial for Germany’s economy. Greece is an important market for Germany companies. Greeks love Germany as much goods as the Germans like to go on holiday in Greece. No money – no jobbery, this is the truth.
Who wins and who loses?
And do not forget the interests of Germany and banks. Special provincial banks have invested in the cool Greek securities – total around 30 billion euros. If these securities suddenly lose its value, then even before the end of the year just rescued so many billions of taxpayers’ financial institutions will once again prove to the brink. And that means they probably will again need to be saved.
Tags: banks, EUR, EUR Profits, Greek securities, Juncker, money, Prime Minister, profits, Suddeutsche