Wolfgang Schäuble, the German finance minister and a champion of austerity in Greece and other countries, said in an interview with the German newspaper Bild on Saturday that any Greek government would have to honor existing agreements.
“New elections won’t change anything about Greece’s debt,” he said.
Like the British fools of another century, we are distracted by a hopeless fight for democracy in Afghanistan while we ignore the real threat to democracy from Germany.
Indeed, Americans and it's government are distracted by everything while truly reforming nothing. Let's not forget that the whole Greek crisis starts with Goldman Sachs and the yen carry trade, followed by the global financial crisis of 2008, after foreign banks sold the Greek treasury (run by a former Goldman Sachs executive) AAA rated toxic assets from the US sub prime housing market. In other words, Greece has been hoodwinked by the banksters, and now Germany is trying to hold them accountable for repayment.
Like Michael C. Ruppert used to say, "Until you change the way money works, you change nothing."
The
result paves the way for early elections in which a party that opposes
the terms of the country’s international bailouts is expected to win.