delfo wrote:When Germany starts giving loans to Greece directly, I will let you know when that happens. Until then ask the ECB, the IMF, the EC and the ESM.
Man, you don't really want to accept how the Eurozone runs, right?
Ok, when does the ECM, the EC, and the ESM, which are funded by contributions by Germany and France, agree to debt relief for Greece? The IMF is encouraging debt relief for Greece, but Germany has resisted that.
Here is a relevant story:http://www.wsj.com/articles/imf-wants-eurozone-debt-relief-for-greece-until-2040-1463468493
I'd like to quote this paragraph first:
German leaders are confident that the IMF will soften its stand, people familiar with the negotiations say. The Washington-based fund is ultimately controlled by its majority shareholders, European Union governments and the U.S., who want a deal in the coming weeks that keeps the IMF on board and Greece afloat. But Berlin officials also know they will have to offer the IMF major concessions, engaging in a long-delayed debate about Greece’s debt burden that Germany previously claimed wasn’t needed.
Where are the EU leaders in this negotiation? Where is the ECM, or the ECB, or the EC? Nowhere, because the negotiations over Greek debt is made between individual member states of the EU, creditor states, and the IMF. You two are either being willfully misleading about the state of power within the EU OR
you're more ignorant about European Union dynamics than a stupid American.
Further down in the same article
Officials in Berlin thus want to make only limited adjustments to Greece’s loan terms now, and postpone the major changes, which would need a Bundestag vote, until 2018—after Germany’s national elections in 2017.
Germany’s aim in the talks is to arrive at a formula that assures the IMF that Greece’s debt will be tackled “if necessary,” based on Greece’s fiscal and economic situation in 2018, while letting Germany delay final decisions until then.
The IMF’s suggestion that Europe lock in low interest rates for Greece for decades to come is hard for the eurozone to digest. The bloc’s bailout vehicles, such as the European Stability Mechanism, would then need subsidies from national budgets to cover a part of their own funding costs. IMF staff “like solutions that imply budgetary transfers,” said a European official.
Where is the European Union solidarity there? The Germans are hoping to delay Greek debt relief until after
German elections in 2017. This is hardly the behavior of countries driven by strong internal solidarity. Rather, the solidarity is only after domestic political concerns are accommodated. (Frencho, where is your zero-sum game now?)
Finally, who did President Obama call after the Brexit vote? Prime Minister Cameron and Chancellor Merkel. Not the French, not the head of the EC, the head of the German government. The US President understands the power dynamic in the EU and contacts the most important decision maker there first.
PS. Germany will want a trade agreement between the EU and the UK. German exports are more important than ensuring EU solidarity and discouraging leavers.