Germans Say No to Greece
Germans see Greece as already out of EU
A new poll of Germans show that most Germans would like Greece to leave the Eurozone.
The citizens of Europe’s paymaster must very concerned that a big of part of their taxes goes to an endless series of payout’s that have gone beyond Greece.
It is likely that many Germans believe that these nations got themselves into their own problems, and should get themselves out.
The data is another confirmation that Angela Merkel’s job is on the line if she continues to press rescues of other nations
The German sentiment, detailed in the poll conducted last month, stands in marked contrast to that in Italy and Spain, where respondents were far more reluctant to cut Athens loose . The diverging views pose a big challenge to EU leaders who this month must again grapple with how to deal with a new Greek government poised to ask for two more years to implement painful economic and government reforms demanded by international lenders as part of their three-year bailout program.
Only 26% of Germans believed Greece “will ever repay its bailout loans”, compared with 77% of Italians and 57% of Spaniards. Nearly 50% of Germans did not think Greece would ever be able to reform its economy to free itself from international assistance, while 88% of Italians and 70% of Spaniards are “some-what confident” they could.
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Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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