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Germany and Greece During the Crisis: Who Wins, Who Loses?

Unemployment has surged to 18.8 percent from 13.3 percent only a year ago. Overburdened public hospitals are facing critical shortages of everything from syringes to bandages. Children faint out of starvation in schools. Rates of suicide, homelessness, crime and HIV cases from intravenous drug use are jumping like crazy. And instead of focusing on the Greek humanitarian crisis, global media keep mumbling that more austerity measures are needed in order for the Greeks to pay back the money they’ve taken from their creditors. The relatively neutral, even stoic term “austerity” is a gross insult to the Greek people. This is not austerity; at best, it is cruelty. At the same time, there’s a ruthless global propaganda calling Greeks lazy, spoiled brats and cash junkies while Germany is portrayed as the big saviour who keeps feeding EU’s naughty child because it’s incapable of feeding itself.
Yet it was a German television channel that took a step back, and had the courage to show the world what is really going on between Germany and Greece – who’s the winner and who’s the loser. It was a bunch of German journalists that ridiculed the German media that up till this day reproduce lies that German taxpayers work so that Greeks can have ouzo and mezedes next to the beach.
A video that aired on the German national channel “ARD” recently exposed the fraud against a whole nation of people and how this famous “bailout” that Greek people should be thankful for will not save a single Greek life. The opposite is the case. What is being “bailed out” is the German financial system, including the German banks,the German hedge funds and pension funds and it is the Greek people who are being ordered to pay – in money, time, physical pain, hopelessness and misery. With the help of the Greeks, elite Germany was able to profit some 45 billion euros from the euro crisis, on the backs of ordinary Greeks. According to formal data from the German government, the famous German bailout until now is only 15.2 billion euros, a sum that does not in any way match with what it has benefited from the current Greek tragedy.
According to an economic analyst in the video, it is Germany that has benefited from Greece’s misery as it is able to lend money to other nations with analogous debt problems because it is able to borrow at lesser interest rates. This difference allowed the Germans to gain some 45 billion euros from the crisis, and it is expected that this sum will rise to 65 billion!
In the video, the German head of EFSF, Klaus Regling, in an interview with FOCUS magazine says that Germany, instead of suffering from Greece’s economic meltdown, has recorded momentous gains which are probably going to multiply over time as the Germans don’t lend Greeks directly, but gain on the interest rates from the loans which are greater than those by which they borrow.
What’s even more frustrating is that in the video, Germany’ MPs seem clueless as if they have suddenly developed Alzheimer’s when asked about the actual amount of money Germany has given to Greece and about the gains the German government has gained through Greece’s tragedy.
This video is proof of how hard the EU and the euro zone have failed in their key objectives. The European Union was created to overcome national differences, and particularly lay to rest the historic antagonism between other European countries and Germany. But now Germany is Europe’s financial dictatorial power, forcing brutal economic policies on the weaker European states.
As a result, there is an upsurge of nationalism and xenophobia, with the growth of anti-immigrant, racist trends. At the same time, the euro zone was intended to quicken the economic unification of EU countries. In practice, it has strengthened the differences between the tougher economies and the weaker south. After months of watching the same farce of EU “leaders” imposing measure after measure on the Greek people for the sake of numbers, it has now become clear that the European Union is anything but a union.
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