With their calls for setting up a special account for Greece German Chancellor Angela Merkel and French President Nicolas Sarkozy have launched a new attempt to strip Athens of its financial sovereignty. The account, to which Greece would not have access, is meant to guarantee payment for creditors. This demand is as impossible as that for an EU budget commissioner for Greece and simply serves to prepare for Greece's bankruptcy, the liberal business paper the Financial Times Deutschland concludes: "No one wants to face accusations of not having done everything possible to prevent the first bankruptcy of a Eurozone member. ... Making such unrealisable demands is therefore much more convenient than having to muscle through unpopular rescue packages for Greece in one's own country, especially for Angela Merkel. If the worst comes to the worst and the Greeks refuse to go along with the demands they would then only have themselves to blame for their insolvency and their euro exit. After all they could have accepted the EU budget commissioner, or alternatively the blocked account (and the other reforms and rescue packages)." (07/02/2012)
» full article (external link, German)
More from the press review on the subject » EU Policy, » Fiscal Policy, » Germany, » France, » Greece
Who's saying what » Greece in dire straits, » Ways out of the debt crisis