Economics and politics - comment and analysis
5. June 2015 I Heiner Flassbeck I Economic Policy, Europe

” We cannot just send money there.” – Shame on you, Mr. Gabriel! (0,50 €)

In Germany, we are used to quite a bit from the CDU (the Christian Democratic Party). Not much of anything surprises us any longer. The same is not true of the Social Democratic Party (SPD). The SPD has been mostly silent about the drama that is occurring in Europe in general and in southern Europe in particular. But this has now changed. The president of the SPD, Sigmar Gabriel, warned Greece in terms that one expects to hear from German Finance Minister Schäuble (CDU), but not from a social-democrat. According to Spiegel Online, Gabriel told BILD (the tabloid) that ”A third aid package (for Greece) is only possible if the reforms (of the Troika) are being implemented. We cannot just send money there.” This is, in fact, nothing but grandiose insolence. What is it that you actually want? Let me repeat a question that I dealt with recently: if to reduce wages by 25 per cent is not ”reform” then what is?



This is the translation of an article that was published May 20, 2015 on flassbeck-economics. We are publishing one article in English every week to allow more readers to follow closely our analysis of global and European events. However, translation is not free and we have to ask for a contribution from our English speaking readers also.

In Germany, we are used to quite a bit from the CDU (the Christian Democratic Party). Not much of anything surprises us any longer. The same is not true of the Social Democratic Party (SPD). The SPD has been mostly silent about the drama that is occurring in Europe in general and in southern Europe in particular. But this has now changed. The president of the SPD, Sigmar Gabriel, warned Greece in terms that one expects to hear from German Finance Minister Schäuble (CDU), but not from a social-democrat. According to Spiegel Online, Gabriel told BILD (the tabloid) that ”A third aid package (for Greece) is only possible if the reforms (of the Troika) are being implemented. We cannot just send money there.” This is, in fact, nothing but grandiose insolence. What is it that you actually want? Let me repeat a question tha…
Thanks for reading this short excerpt from the paid post! Fancy buying it to read all of it?

Read Now, Pay Later

  • Buy Now

    Just agree to pay later.
    No upfront registration and payment.

  • Read Immediately

    Access your purchase immediately.
    You are only buying this article, not a subscription.

  • Pay Later

    Buy with LaterPay until you reach a total of 5 Euro.
    Only then do you have to register and pay.

powered bybeta

1-Month Pass

1 Month access to all content on this website

Back
Validity1 Month
Access toAll content on this website
Renewal No automatic renewal
Price5.00 EUR

3-Month Pass

3 Month access to all content on this website

Back
Validity3 Months
Access toAll content on this website
Renewal No automatic renewal
Price15.00 EUR

6-Month Pass

6 Months access to all content on this website

Back
Validity6 Months
Access toAll content on this website
Renewal No automatic renewal
Price30.00 EUR