The Prodigal Greek

The Greek crisis through a different prism

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Germany owes Greece a debt | Albrecht Ritschl

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Germany’s ducking of the war reparations issue makes its attitude to the current Greek debt crisis somewhat hypocritical.

It may or may not have been wise to put the issue of reparations and other unsettled claims on Germany to rest after 1990. Back then, the Germans argued that any plausible bill would exceed the country’s resources, and that continued financial co-operation in Europe instead would be infinitely more preferable. They may have had a point. But now is the time for Germany to deliver on the promise, act wisely and keep the bull away from the china shop.

via Germany owes Greece a debt | Albrecht Ritschl | Comment is free | guardian.co.uk.

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Written by Yiannis Mouzakis

October 19, 2011 at 9:20 am

Posted in Press This

Tagged with , , ,