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Renegotiation no-go for Greece, says Germany

The Local · 21 Jul 2012, 12:55

Published: 21 Jul 2012 12:55 GMT+02:00

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"I see desires emerging in Greece to renegotiate and substantially question the country's obligations to carry out reforms. I have to say simply, that will not do. It is a Rubicon that we are not going to cross," Westerwelle told the daily Bild.

He called on Athens to clearly demonstrate that it wanted to remain in the eurozone. "Greece must not just say that it wants to stay in the eurozone, but must also implement a clear policy of reforms and keep its commitments," he added.

On Wednesday Greece's Finance Minister Yannis Stournaras admitted the crisis-hit country still had "some way to go" to finalise €11.5 billion in spending cuts demanded by its EU-IMF creditors in return for fresh loans.

Auditors from the European Union, International Monetary Fund and the European Central Bank - the so-called troika of Greek creditors - are expected in Athens next week for another in-depth inspection of the new government's economic programme.

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The troika's report will determine whether Greece will receive fresh loans of 31.5 billion euros by September due under its debt rescue programme.


The Local (news@thelocal.de)

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Your comments about this article

14:03 July 21, 2012 by smart2012
No doubt about this.. Can I though bring your attention to something never reported in the press? race track nurburgring is bankrupt, and u know what, Germany is asking Bruxelles to save it... This is all a joke
15:34 July 21, 2012 by Englishted
For a man who's party has under 5% in opinion polls and is no longer even leader of that party he sure has a big trap.

Just keep it up and this will guarantee a rise in extreme parties in Southern Europe as the people have nowhere else to turn ,as has been said you can't get blood out of a stone no matter how hard you squeeze it.
18:23 July 21, 2012 by Eastard
I do not understand either previous comment as they apply to Greece..

One would assume that the Greeks simply do not want change other than coinage. They have thru generations of financial misconduct become disconnected with the balance of consumption and income. What should their neighbors do other than try to help them...? I see much public criticism in this attempt and do not understand why... What alternative do the Greeks have other than to suck it up and work it out... like the Japanese did after WWII... This country was bankrupt, war torn, disorganized, and demoralized ...but had the fortitude to keep their voice down and work... Why do the Greeks behave so differently... are they entitled and we just don't understand...?
20:23 July 21, 2012 by puisoh
Dear Eastard,

The Japanese are humble, hardworking and dignified people. And Japan will always be the ultimate 1st world country because of its people.

They take the world on their shoulders.

I don't know much about the Greeks. Maybe they like to ride on the shoulders of the strong till they are thrown off.
22:21 July 21, 2012 by smart2012
@easterd. This is what is difficult to understand. 90% of greeks pay taxes. the bad 10% are either rich guys self employed or politicians (who btw did get corrupted by big companies like siemens and thyssenkrup). As it is today, it seems that Europe crisis is due to Greece, and the 90% of tax payer Greeks are paying the consequences. Greece is just the sacred cow of a shity system (read about nurburgring: Germany is asking eu to get money to save the circuit from bankrupcy)... The german minister should stop talking about Greece, he should talk about real solutions for Europe.. And I also know why he is not doing it: because he wants to keep the chair next year getting votes of Bild readers.

And last point. Japan runs with its own currency, which can depreciate how they like, which is not the case of Greece (that is why Greece loses competitiveness vs turkey)
02:30 July 22, 2012 by Eastard
The Japanese people were victims of their governments decisions just as the Greeks are... Their currency at the end of WWII was worth next to nothing... however they worked together against extreme sacrifice for the common good... It does not appear to me that the Greeks have any intention of the same... absolutely none... Instead they will complain... make agreement with not intention of executing them... and worst of all... they will take others than themselves down in the process... I think they are betting on this knowledge of mutual destruction.. Germany is holding the line on a best effort to help them knowing that both they will not do what is required... AND that it will be Germany's fault (never Greek fault)... I admire Germany and Merkel for having the ability to use power correctly... Yes there are politicians that play to the popular opinion... however I see Germans as much less swayed by hollow promises than Americans...
07:59 July 22, 2012 by Englishted

How did you come to compare Greece now with Japan at the end of ww2 ?

I fail to which country Greece had invaded and which people the enslaved and tortured and killed (did I miss something? ) .

Japan also received major help from the U.S.A. as a bulwark against communist China.

"I do not understand either previous comment as they apply to Greece."

No my comment refers to Guido Westerwelle and the FDP, and also the riots and major demonstrations that are taking place in Spain ,Greece and soon Italy that is why I say they will be driven into the arms of extremist parties unless a growth package is forthcoming, I hope this may of enlightened you.
10:19 July 22, 2012 by Berlin fuer alles
Totally agree with Englishted. Westerwelle should shut up. Vote buying comments for BILD readers.
10:27 July 22, 2012 by smart2012
Another couple of points:

1. Germany would not have recovered so fast without American money (Marshall plan) nor without eu help to integrate east Germany.

2. I liked merkel since a couple of years ago, ie when no decisions were needed. In the last two years merkel has shown no leadership, just being a follower of bankers and populism, and looking forward to the chair in next election. Merkel is a clear example of bad politician...

3. Englishsted is correct. The poor job done by merkozy has been driving extremism growth, and merkel is keeping this growing. French were smart,now let's see Germans.
12:17 July 22, 2012 by bruddabro
The Greek people did no cause the disaster, it was Greek politicians and Goldman Sachs.

Simply search for "Greece Goldman Sachs"

for example

15:02 July 22, 2012 by Eastard
The comparison of the plight facing the Japanese and the Greeks was intended to show how a culture deals with adversity... In the Japanese's case... the people of Japan did not cause the war... their leaders did... The people of Japan did not do the bad things... their military did... However it was the people of Japan that rose to the challenge of either sitting down and crying about how they were victims... or working together against the odds to rebuild themselves... The Greek people elected their political officials over many years based on who would give them the most... so I specifically disagree that the Greek people are not at fault...They have a long history of blame and default... a little like blaming the drug dealer for your drug problem. This would be an excellent time for the Greeks to show the world something different... work the problem and don't do it again...

I would really like to know how the Greek people did not cause this problem... and even more what difference it makes... There is a money problem and a real creditably problem with Greek dealings that is currently being made worse with strikes and constant complaining... and Nazi articles... and Germany owes them more money...

Please explain ...
05:16 July 25, 2012 by wenddiver
For the record Japan benefitted from one of the most enlightedand undeserved administrations of a country in the history of the world, judging by their atrocities.

The US Army undr General Macarthur saw that the Japanes were paid to turn their war factories into peace time products, the US Army bought tens of thousands of small truccks it didn't need from Mitsubishi, Nissan, Toyota and they were given unhindered access to US markets and technical expertise, while being allowed to throw up tariff walls around their own industry. Macarthur also gave women the vote, gave power to the parliment after taking it from the royalty and established Japans' Labor Unions and Free Press.

The Japanese, Germans and Italians had several advantages to countries like Greece that were not occupied at the end of the second World War.

That said, the anti-US attitude of the Communist bunglers that ran Grece for so many years makes me glad that the Germans are going to pay their bills.
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