"We cannot just send money there." – Shame on you, Mr. Gabriel!
This is the translation of an article that was published May 20, 2015 on flassbeck-economics. We are publishing one article in English every week to allow more readers to follow closely our analysis of global and European events. However, translation is not free and we have to ask for a contribution from our English speaking readers also.
In Germany, we are used to quite a bit from the CDU (the Christian Democratic Party). Not much of anything surprises us any longer. The same is not true of the Social Democratic Party (SPD). The SPD has been mostly silent about the drama that is occurring in Europe in general and in southern Europe in particular. But this has now changed. The president of the SPD, Sigmar Gabriel, warned Greece in terms that one expects to hear from German Finance Minister Schäuble (CDU), but not from a social-democrat. According to Spiegel Online, Gabriel told BILD (the tabloid) that “A third aid package (for Greece) is only possible if the reforms (of the Troika) are being implemented. We cannot just send money there.“ This is, in fact, nothing but grandiose insolence. What is it that you actually want? [...]