But that’s where the Germans are these days: firmly stuck in the land of denial…
The bottom line for Berlin: several hundred billion Euros will be needed to bail out Greece and Portugal, the alternative is the end of Euroland as a serious player with America and China, and a collapse of the Euro (something which Germany would not find too terrible, given its beggar thy neighbor trade policy) and possibly several major European banks.
So, the talk of tougher conditions is window dressing, fundamentally German politicians will have to come clean with their voters on the size and scope of the rescue effort needed.
Gorilla says: “You can pay Greece now and you can pay Greece later!”
