Here's a bit of Paul Krugman, slightly more measured:The Germans try to destroy Europe ever fifty or sixty years or so, so we were due.
Europe was supposed to be a part of the world that more or less worked for its peoples. That seems to have been a misapprehension.... we have learned that the euro is a Roach Motel — once you go in, you can never get out. And once inside you are at the mercy of those who can pull your financing and crash your banking system unless you toe the line.
I am so disgusted that I try not to think about it. The only thing I can say is how perfectly it fits the Biblical example of the man whose debt is forgiven but then he immediately holds another weaker man accountable for his whole debt. It's what Germany is doing and the people in that country ought to think long and hard at the leadership they have in control. :(. It sounds like Greece has made mistakes but why wait until they can be brought down, their resources stripped, turned into a failed state, before they are called to account? why structure a loan that way? I can only think of one reason and it's not a comfortable thought. Robert Reich has good words on it also.
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