Germany will have to yield in dangerous game of chicken with Greece.
In Washington, President Barack Obama tilted even further towards the Greeks.
“You cannot keep on squeezing countries that are in the midst of depression.
When you have an economy that is in freefall there has to be a growth
strategy and not simply an effort to squeeze more and more out of a
population that is hurting worse and worse.”
This should be a cautionary warning to Brussels, Frankfurt and Berlin that
they do not have a green light from the rest of the world to do as they like
with Greece – however irritated they may feel by the [actions] of Alexis
Tsipras. There are larger diplomatic and strategic matters at stake.