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Germany' growing consensus to let Greece drop out of the Euro block

Tuesday, January 6th 2015 - 07:24 UTC
Full article 29 comments

Germany has said it will not be “blackmailed” into renegotiating Greece’s rescue program should a new hard left government take office after elections later this month. The Euro dropped to a nine-year low after a report in Der Spiegel magazine on Monday that Berlin was no longer opposed to Athens leaving the currency bloc. Read full article


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  • brucey-babe

    Germany ? I thought the EU stood for European Union , 27 countries each with a vote, I must have heard it wrong ! BTW, where can I buy jackboots ?

    Jan 06th, 2015 - 10:32 am - Link - Report abuse 0
  • ChrisR

    “German economics minister Sigmar Gabriel said he expected existing agreements to be honored by a new Greek government, “whoever forms it”.”

    Yeah, good luck with that one.

    If Camoron had balls he would have declared a referendum as soon as he was returned to office. That would have made the upcoming election a foregone conclusion and allowed a quick exit for the UK from the bunch of Drama Queens that the EU has become.

    Jan 06th, 2015 - 11:12 am - Link - Report abuse 0
  • CaptainSilver

    Great stuff, I like Greek Island holidays but it got ridiculously expensive since they got the Euro. Hope they get out. Look forward to going back to a really cheap destination. Italy and Spain should get out too.

    Jan 06th, 2015 - 12:07 pm - Link - Report abuse 0
  • yankeeboy

    The EU experiment will fail. I never thought it would work.
    Exit in this order will be Greece, Portugal, Italy, Spain and UK. The minor countries will flee sometime en masse.
    The EU should be nothing more than a trading alliance. Their cultures and work ethic will never mesh and in the end it must fail.
    Let's see how this rolls out.
    It may be a bumpy ride for the next few years.

    Jan 06th, 2015 - 12:51 pm - Link - Report abuse 0
  • Skip

    The Euro is successful.

    Letting countries like Greece leave will only make it more successful.

    Jan 06th, 2015 - 04:11 pm - Link - Report abuse 0
  • Vestige

    dont get your hopes up ladies.
    if you're very lucky a periphery country might exit. unlikely.

    France and Germany however, will still be sharing a currency from now til your exit from this world and well beyond. Theres just too many advantages.

    That being the case expect the Benelux and Austria to naturally follow.
    So no - the euros not going to fail.

    Jan 06th, 2015 - 04:27 pm - Link - Report abuse 0
  • Troy Tempest

    6 sounds like our 'contrarian' Vestige, is European

    Jan 06th, 2015 - 05:20 pm - Link - Report abuse 0
  • yankeeboy

    6. There's an awful lot of people smarter than you saying the opposite right now.

    We'll see....
    The EU is not and never will be the USA. One currency working with different cultures can't work and the Germans will get very tired of working so some Spanish/Italian/Greek/Portuguese person can sleep half the day.

    Jan 06th, 2015 - 05:50 pm - Link - Report abuse 0
  • CaptainSilver

    My German pals seeth at the Grecians. First the Ossies and countless Euros to bale them out after unification, and now the Grecians who retire at 60 on fat pensions whilst paying no taxes whilst the Germans have their pensions cut and retire 5 years later.
    And, theres all the migrants. Germany is highly racist compared with the UK, thats what all the marches are about. Big explosion quite soon.
    The Euro will collapse its only a matter of time now.

    Jan 06th, 2015 - 06:12 pm - Link - Report abuse 0
  • ChrisR

    @ 5 Skip

    HTF can you define anything costing the UK taxpayers GBP50 MILLION PER DAY as successful?

    Would you like your country to be in this monetary madhouse?

    No, I didn't think so.

    Jan 06th, 2015 - 06:26 pm - Link - Report abuse 0
  • Pugol-H

    “write-off much of Greece’s debt and renegotiate the terms of its bailout with the EU and IMF”

    Q: What is the first rule of negotiation?

    A: You have to have something to negotiate with.

    The Euro will do fine without them, it is here to stay, at least in northern/central Europe.

    France, Germany and the low countries are so interconnected now that going back is probably not an option for them, even if they wanted to, with parts of Scandinavia not far behind and swathes of Eastern Europe to follow.

    Difficult to see how Greece can get anything out of this approach apart from a lot more misery.

    Probably end up with boat loads of refugees leaving Greece, heading to Libya.

    Jan 06th, 2015 - 07:28 pm - Link - Report abuse 0

    Before, and after.

    What country has done well under the EU and the Euro ?
    Not Greece.
    Cyprus ? No.
    Italy ? No.
    Spain ? No.
    Portugal ? No.
    And so on.

    What country then has done well ?

    Germany, of course, forever manning the “ helm ” of the EU, and doing very well for themselves in the process.

    Of course, as it was an idea first proposed and discussed in Germany, by Walther Funk, President of the Reichsbank, under Adolf Hitler. Coincidence ?

    So now ( tellingly ) Germany via SPD Herr Gabriel, and CDU Herr Fuchs, state quite defiantly to the mess they have created in Greece: “ We won't be blackmailed: You can leave ! ”

    Note that it is not Juncker or the EU stating this to Die Welt. How telling.

    Germany has a responsibility for the situation in Greece, but chooses to run away from any responsibility for what has happened to that country.

    Jan 06th, 2015 - 07:53 pm - Link - Report abuse 0
  • Briton

    And our pro-Euro twits who try to convince everyone that WE have a vote,
    so stay in, all merry twits in the same rowing boat, and down it goes , and takes all the twits with it,

    and Britain will almost certainly get a bill for this, if it goes wrong, and it will,

    Get Britain out before we pay the price of other people failure ,

    the only vote we want is a vote to get out,
    aaaaaaa, but Cameron will not give it, he meets his master this week, and will no doubt tell her he will

    Jan 06th, 2015 - 08:03 pm - Link - Report abuse 0
  • aussiesunshinee

    I do hope the UK holds that referendum and finally pulls out of the EU.
    I have had enough of the whinging pommies!!! God!! one can take so much
    of you lot!!

    Jan 06th, 2015 - 08:28 pm - Link - Report abuse 0
  • Briton

    Stop crying aussie y.

    Britain's threat of legal action to Spain on Gibraltar
    BRITAIN should take Spain to the European Court of Justice over its flagrant breaches of sovereignty in Gibraltar,
    To use the of the war against terror as a lever over the issue of Gibraltar, a situation of its own causing, and so soon after the beheadings of British and American citizens, is absolutely shameful.
    “Spain is behaving in an appalling way,” he said.
    Gerald Howarth MP added: “How dare Spain play the terror card in this tasteless fashion?
    ”Where are Spanish fighter jets as Britain and the US and other coalition members bomb ISIL positions over Iraq?
    ”This was a tasteless and frankly desperate ploy by Spain
    Read on…………..

    Jan 06th, 2015 - 08:45 pm - Link - Report abuse 0
  • Britworker

    Odious creature.

    The game is up with the EU now in the UK, we know the reason why our hospitals and doctors surgeries are full, we know the reason why our roads are permanently grid locked, we know the reason why our nurseries and school places are full, we know why you can't walk down the street without hearing 5 different languages being spoken.

    There is no more room left at the Inn and someone needs to shut the bloody door before this island sinks.

    Jan 06th, 2015 - 08:47 pm - Link - Report abuse 0
  • Vestige

    16 - you know there's between 800,000 and 1 million British living in Spain right ?

    Jan 07th, 2015 - 02:12 am - Link - Report abuse 0
  • ChrisR

    @ 17 No Vestige of a brain.

    And I bet the cowards in government would welcome another million with open arms.

    At least they are helping keep the economy going by bringing the retirement funds into the place as well as employing what passes as workers to clean and repair the property they own: until it's taken off them by the corrupt local mayors and the lawyers.

    You can really see the comparisons between the Uruguayos and the Spanish, it's creepy, just like you.

    Jan 07th, 2015 - 09:56 am - Link - Report abuse 0
  • Briton

    Britain cannot feed the world, neither are we responsible for the whole world,

    we do our bit, enough is enough..

    Jan 07th, 2015 - 01:09 pm - Link - Report abuse 0
  • Vestige

    19 - stop reading the express its bad for you.

    18 - so easily upset by a statistical fact.

    Jan 07th, 2015 - 02:13 pm - Link - Report abuse 0
  • Briton

    so says the newspaper expert.

    Jan 07th, 2015 - 02:21 pm - Link - Report abuse 0
  • ChrisR

    @ 20 No Vestige of a brain.

    The truth upset you though, didn't it.

    Have they got anybody from Spain actually working IN Spain, I thought they were all in the UK?

    Jan 07th, 2015 - 04:27 pm - Link - Report abuse 0
  • Briton

    Ha lol

    Jan 07th, 2015 - 07:22 pm - Link - Report abuse 0
  • paulcedron

    the uk should get out too.
    but first they have to pay the immense debt of +/- 2 trillion pound.
    that is the equivalent to 100% of their entire economy.
    the worst member that europe can have, indeed.

    Jan 07th, 2015 - 07:25 pm - Link - Report abuse 0
  • Briton

    If you say so,
    oh to be Argentinian and live in a prosperous wealthy country with a government that cares, no debts , no problems , and the Falkland's in your back pocket,
    oh the dreams we have lol

    Jan 07th, 2015 - 08:18 pm - Link - Report abuse 0
  • Troy Tempest

    24 Paul

    You really do t understand how economics work, do you?

    Jan 07th, 2015 - 09:27 pm - Link - Report abuse 0
  • aussiesunshinee

    *16 and why aren´t the hospitals full or the roads grid locked or the schools and nurseries full in Germany that has received more EU workers than The UK????

    Jan 08th, 2015 - 01:06 am - Link - Report abuse 0
  • Vulcanbomber


    Thing is, you need to look at population density and land mass, in this term, the UK has taken far more than anyone else with the exception of Libya, who now have 25% of the entire population as refugees mainly from Syria

    However, the UK is a small island, full of great people who always are first to offer aid, both financially or in terms of medical or military to countries in problems. It cannot, however, sustain the constant influx of migrants, many of who play the game, and exploit the generous benefits set up to ensure whatever the circumstances, people will not go without.

    This includes migrant families receiving child benefit sent to their own country just because one member of the family is in UK, thats so wrong.

    The UK needs to leave the corrupt EU (dont forget its never managed to audit its finances) and start enforcing our borders. As for trade, with have the commonwealth, a natural trading block built on history that the UK government has treated badly thanks to EU rules.

    Perhaps the UK should become a bananna replublic like argentina, and just do what the hell it wants, stop paying debts and basically start threatening small countries and making up lies. Hell, why dont we even make up a new name for Tenerife and say it was stolen from us. We could take up lots of UN time crying and saying its important for our people.

    But then again, we would not, because we are proud to be democratic, proud of our history, some of its bad, but we learnt from it, and where possible more than made up for it.

    Perhaps Argentina should learn a thing or two

    Jan 08th, 2015 - 10:14 am - Link - Report abuse 0
  • aussiesunshinee

    *28 Germany having 357.168 KM2 and The UK having 243.610KM2.
    I do not buy the idea that The UK is “ smaller” therefore it should
    be less organised to accomodate the migrants. The truth is that The UK
    is not organised as Germany is. Germany had an influx of 400.000
    in 2014 compared with 243.000 migrants influx into Great Britain. They
    are much better organised.

    On the other hand I totally agree with you about the benefits. This topic should be addressed by the EU. No migrant should receive such generous benefits without first having paid into the system.

    In reference to Tenerife...well...Admiral Nelson lost that fact
    he lost his arm in the attempt to take the Canary islands from the
    Spaniards!!! .... poor chap :) ummmmmmmmmmmmmmmmmmm

    Jan 08th, 2015 - 02:56 pm - Link - Report abuse 0

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