German leaders are furious with Greece. Yet again they have to go back to their electorates asking for more billions to throw down the black hole that is the Hellenic Republic. They have now become so angry that they are even openly proposing that Greece's fiscal affairs be deferred to some European Commissioner, preferably one of a Teutonic disposition. Greek leaders, meanwhile, have seized upon this German "transgression" with glee. For it offers them a wonderful excuse to put on domestic display their patriotic fervor at a time when they are running low on legitimacy in the eyes of a battered, demoralized electorate.
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German and Greek politicians are at odds over who should control Greece's budget
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Greek political economist Yanis Varoufakis says both are guilty of failing to grasp the real problem
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Varoufakis says both countries mislead voters in agreeing an unsustainable rescue package for Greece
Thus, @placeholder leaders, unwilling to confront their bankers and the fault lines developing throughout the eurozone, pretended to believe that the problem was Greece and that Greece could be "cured" by means of loans and austerity.
It is, instead, generating Teutonic wrath among the hard working @placeholder (whose living standards have been under constant pressure for a decade, and who are now told they must guarantee even more zillions for the Greek state) and unbearable Sisyphean pain for Greeks caught up in a vicious cycle (from which no amount of hard work or innovative thinking can help them escape).