Germany wants Greece to give up budget control

Germany wants Greece to give up budget control. Yeah, that’ll work. Germany wants Greece to yield control of its budget “for a certain period of time” in return for a second 130 billion-euro bail-out package. Greece needs to strike a deal with creditors in the next few days or risk chaotic default. The can has just about run out of road to be kicked down.

This post was last modified on January 26, 2021

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (8)

  • Germany is really sick of bailing out the European Union with THEIR money. Probably the reason everyone wanted them in the union to begin with-to redistribute their wealth to the rest of the EU

    • You make a good point. They should perhaps leave the union and every other rich country as well. However, instead they are looking to control another country which is always a dangerous thing EVEN outside of historical fact that this is always a bad idea.

  • One day China will demand that the United States give up budget control. When that day happens Obama's work will be done.

  • Making the Germans pay for everything in Europe is a bad idea. History does not make for happy reading when you look back on that.