Repost από το German Foreign Policy.com

The End of Sovereignty (II)

ATHENS/BERLIN (Own report)
The European Union has submitted to German demands,
imposing unprecedented cuts in the Greek national
budget, resulting in a large loss of jobs, cuts in wages and high
increases in taxes. This was caused by Berlin's apprehension that
Greece's budget deficit could lead to a serious crisis and burden the
Euro. Business circles are even speculating about an end to the
European monetary union. The Greek government must now report to
Brussels every two - three months and show evidence it has made
drastic cuts in its state expenditures. Berlin rejects financial aid
from the International Monetary Fund (IMF) that it often imposes on
non-European countries. This aid would be linked to conditions on the
European Central Bank in Frankfurt. The demand that Athens take
drastic austerity measures does not stop Berlin from pressuring Greece
to buy expensive warplanes. In Athens, the German foreign minister
insisted, at the beginning of the week, that they acquire Eurofighter
jets (made in Halbergmoos, Germany). Berlin's austerity dictate is
very controversial. A Nobel Prize laureate in economics accuses the
German government of "deficit fetishism" and predicts that the
measures will peter out with no effect.

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