One also need see (not disputing the death sentence that austerity has imposed on Greece here) that Germany put heavy austerity measures upon its own people some years ago. Like raising pension age to 67, heavily cutting unemployment benefits, loosening laws that up til then governed firing and hiring, reducing the extent of healthcare etc. and allowing wages to freeze (effectively being reduced by inflation).
Not Merkel's lot, the Social Democrats that had taken a look at figures and demographics.
Lost them the next election by the enraged Germans who went to Merkel. Who in turn, along with her bunch, meanwhile firmly believes that it was all her (their) idea, seeing how Germany has long since been reaping in the benefits.
Funny thing being that those most indignant at the time are now patting themselves on the back and sneering at Greece along the tack of "we had to do our homework, why not you?"
When the opposition (so small you can hardly find them in parliament) mentions little "unpleasantries" of German banks in the forefront having made a bundle on any loan they could push onto Greek banks in the past (before the meltdown appeared), whether Greece needed it or not, that gets kinda drowned inown self-complacency of the listener.
I'm all right so eff you Jack.
As a tidbit, that's what Kohl (then German chancellor) said. He was not opposed at all but except under those conditions.
The trouble was heavy opposition to German unification, especially by Thatcher and Mitterand. So Mitterand used the opportunity to twist the German arm, i.e. by neutralizing its new potential in robbing it of the DeutschMark and forcing it to accept the Euro. To sort of curbing any control potential it might develop. Otherwise no re-unification. Kohl crumbled.
BIG BIG mistake (Mitterand's and Thatcher's, not Kohl's). The Euro has done Germany more proud than the DM ever did or could and is actually "harder" still today. And we know how much France is actually controlling Germany, right?
Won't mention the UK here
One more OT and then I'm done: Kohl didn't want Italy in it either (Spain and Portugal were not even in the offing then) but Mitterand insisted they come on board. As another counter-balance in case Germany got in bed with the (I'll mention them after all) Brits and joined into their pesky shenanigans.
Big success, eh?
Lol !!! Unbelievable.
2012 Greece Caught Underreporting Its Deficit by 50 percent
Here ya go: The Price of Unity: Was the Deutsche Mark Sacrificed for Reunification? - SPIEGEL ONLINEall 4 parts are interesting.
And yeah, the German people didn't want the Euro either.
This thread has become very informative for me. My knowledge of modern European history is pretty thin relative to its importance. And not to get even further off-topic, I wanna say Mr. Grimm may now be my favourite DP conservative. Remind me — what is it yer wrong about?