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Friday, September 09, 2011

Germany Threatens To Expel Greece From Euro

Wolfgang Schauble, the German finance minister, told Deutschlandfunk that no more money will be given to Greece until Greece "actually does" what it agreed to do.

"I understand that there is resistance among the Greek population to austerity measures. 

But in the end it is up to Greece whether it can fulfil the conditions necessary for membership of the common currency. 

We offer no discounts."

The remarks are in effect threatening Greece with expulsion from the Euro.

I suspect that, given the shambles of the Greek economy, the good people of Greece are beyond caring whether they remain in the Euro or not.

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