Germany doesn’t want to save Greece. It seems to want to humiliate Greece

If Greece does leave the euro, though, it will only be temporary in the sense that all life is temporary. Bringing back the drachma would either be such a boon to Greece’s economy that it’d never want to go back to the euro, or be such a disaster that Europe would never want to invite it back. But in either case, Greece and Europe’s trial separation would turn into a divorce. That might actually be better for Greece now that it’s already gone through a lot of the pain of ditching the euro—like a financial crisis—but it could be a catastrophe for Europe. It wouldn’t just show that countries can leave the euro, but maybe that countries have to leave the euro to recover. So the next time an anti-austerity party wins power, it might decide to do the same, at which point the euro zone would be more like a northern euro zone, if that. Especially if France decides that this makes the euro not worth saving anymore.”

http://www.washingtonpost.com/blogs/wonkblog/wp/2015/07/12/germany-doesnt-want-to-save-greece-it-seems-to-want-to-humiliate-greece/

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