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EU’s double standards. And a brilliant idea!

Led by German Finance Minister Wolfgang Schauble, the EU has no mercy at all for Greece. Under huge EU pressure the country has to go on with austerity measures to find the money to pay its creditors back.

By: N. Peter Kramer - Posted: Monday, March 16, 2015

The EU memberstates and the Commission postponed some strict rules and permitted France to take a few years extra to solve its financial problems.
The EU memberstates and the Commission postponed some strict rules and permitted France to take a few years extra to solve its financial problems.


The EU memberstates and the Commission postponed some strict rules and permitted France to take a few years extra to solve its financial problems. 

A wise decision. It proves that a kind of common sense broke through in ‘Brussels’ by loosening the rigid monetary and financial EU reigns.  

But, as we have seen more often, ‘Brussels’ has double standards! Lucky France on one side (thanks to Moscovici, the Finance Commissioner who was previously France’s Finance Minister!), poor Greece on the other side. 

Led by German Finance Minister Wolfgang Schauble, the EU has no mercy at all for Greece.  Under huge EU pressure the country has to go on with austerity measures to find the money to pay its creditors back. 

Even when this means that more people will be jobless, more people will have hardly enough money to buy their daily food and not enough to go to the doctor or to buy necessary medicines.  

The ‘waterboarding’, as this humiliating EU policy for Greece was once called, goes on.   

In the meantime the fresh Greek government has tabled new legislation envisaging 40.000 hirings in the public sector and putting pressure on Greek social security funds to hand over hundreds of millions of Euros to make sure that pensions and civil servants’ salaries are paid this month. 

The government is working hard to find ‘new’ money. Greek Justice Minister Nikos Paraskevopoulos said that he is ‘ready to approve’ a Greek Supreme Court ruling, which established that German property in Greece could be seized as compensation for Second World War atrocities during the Nazi occupation of Greece. 

Greek Prime Minister Alexis Tsipras told his Parliament: ‘After the reunification of Germany in 1990, the legal and political conditions were created for this issue to be solved. 

But since then, German governments chose silence, legal tricks and delay’. He confirmed that a special parliamentary committee will be re-established to look into the issue.  

A brilliant idea! If Schauble wants Greece to pay its debts, let Germany pay its debt as well! 

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