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Channel: Euro – Observing Hermann
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Sure Is Cold In Here

The issues at stake are not trivial ones. At the core of the Franco-German conflict is no less a matter than the question of how Europe can shake off the current crisis. Merkel is convinced this can...

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Mutually Assured Disillusionment

And here you thought that the Germans could bitch and moan about Europe. And boy can they ever. But the reigning Weltmeister of Whining is now suddenly getting some unexpected stiff competition from...

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It’s Good To Be In A Crisis

Money is like water (or maybe like beer). It has to go somewhere. And 40 billion euros just made its way to Germany. While fear has driven money away from Greece and Spain and co, making the government...

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German Of The Day: Lieber ein Ende mit Schrecken als ein Schrecken ohne Ende

That means “better a terrifying end than unending terror.” In other words, it’s time for Greece to get those drachma machines running again. But the Greeks already know this themselves. That’s what...

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German Of The Day: Finanzspritze

That means an injection of capital. And that’s Greek down there for “I got your injection of capital for you right here, pal.” Germany and its allies turned up the pressure on Greece to accept their...

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A New Axis Of Evil Or Something

It’s not just Germany hurting Greek feelings anymore (although the Germans are still evil, too). The Greek government is now accusing Spain and Portugal of conspiring against it, as well. It’s a...

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It’s Not That We’re Too Strong

The rest of you guys out there in Europe are just too weak. Like start doing more push-ups or something. German dominance is in part a consequence of others’ retreat. That may be why complaints have...

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To Russia With Love

I mean with debt. Go with God, Greece, but go (to Russia for more dough). I’m sure they’ll make you an offer you can’t refuse. Greece’s energy minister is visiting Russia today after calling for a...

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Plan B For Bankrupt

Tick tock tick tock… German Finance Minister Wolfgang Schaeuble hinted on Saturday that Berlin was preparing for a possible Greek default, drawing a parallel with the secrecy of German reunification...

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Dial M For Merkel

And something tells me there was a lot of heavy breathing during this telephone conversation, too. Greek Prime Minister Alexis Tsipras made an uncexpected telephone call to German Chancellor Angela...

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Greece Worried Eurozone Could Collapse

And Greece is willing to help. Greek prime minister Alexis Tsipras has just pointed out to Merkel, Hollande & Co. that his country, accounting for a whopping 2% of the eurozone’s economy, is now...

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Mutti Looks Mad

Some say it has something to do with Greece or something. A small majority of Germans now want Greece out of the single currency, while an overwhelming majority believe that Europe shouldn’t offer...

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Welcome To The Hotel Kalimera

You can checkout any time you like. But you can never leave. Are German tourists still welcome in crisis-battered Greece? “Definitely!” insists the travel board of Europe’s top economy, which...

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“The problem with socialism…”

is that you eventually run out of other people’s money.” Already on Saturday pictures of anxious savers queuing outside banks to withdraw money were circulating. A slow-motion bank run that had already...

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German Of The Day: Hand Over The Money Or I’ll Shoot!

And here you thought that Germans didn’t have a sense of humor. Galgenhumor (gallows humor), OK, but humor all the same. Public broadcaster ARD, in its Morgenmagazin breakfast show, lampooned the...

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German Of The Day: Schwitzkasten

That’s “sweat box” but actually means stranglehold. You know, like being stuck between a rock and a hard place? Is the current five-year Greek drama finally going to come to an end today? Hardly, it...

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Germans So Shocked By Greek No They Decide To Go On Big Fat Greek Vacation

Stunned by the Greek no yesterday and the end of European civilization as they know it, millions and millions of German tourists have spontaneously decided to get their minds off it all by going on...

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Greeks Apologize And To Pay Back All Debts Tomorrow

The nation of Greece said sorry to the European Union with a present of an enormous wooden horse. Left outside the European Central Bank in the dead of night, the horse has now been moved into the...

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Little Oskar Thinking Out Of The Box Again

Well known for his refreshing viewpoints, Mr. ex-SPD, ex-Left, ex-Bolshevist, ex-you-name-it Oskar Lafontaine himself has come up with a brilliant new idea to save Greece from its upcoming euro Grexit...

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Germany Defeated Yet Again

No, it wasn’t World War III. It was the Endkampf (final battle) for Bailout III. Like, don’t these people ever get tired of surrendering? Europe woke up on Monday to a lot of headlines about the...

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