A European Stage for Greek Tragedy and German Occupation

German Chancellor Angela Merkel

The specter of German austerity has been cast across Europe.

Special Analysis:

In January of this year, a strong, cold wind blew throughout Europe when German Chancellor Angela Merkel demanded an overseer from the European Union Commission be appointed to supervise Greece’s economic performance. Still today, with Germany’s strong financial position, its development strategies occasionally emit the wrong signal and create widespread fear-psychosis among its smaller neighbors.

Even with poor economic performances, trade imbalances, and one after another bailouts among these smaller and weaker nations like Spain, Greece, Italy, and Portugal, the German plan of appointing an overseer would lead to…

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