Merkel will visit Greeces former finance minister: see the country you destroyed by your own hands

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 Merkel will visit Greeces former finance minister: see the country you destroyed by your own hands


Merkels visit to Greeces former finance minister: Come and see the country you destroyed by your own hands (Source:)

German Chancellor Angela Merkel is about to visit Greece for a two-day visit.

But the country, which suffered from the financial curse of the European Union after the financial crisis, welcomed her with a violent demonstration.

The former Greek Finance Minister, Yanis Varoufakis, attacked German Chancellor Angela Merkel on Twitter on Jan. 11, the Russian website reported today.

He wrote that Mrs Merkel came to Greece to visit the desert she had built herself, and then praised its recovery. Ironically, her success on Greece has also made Germany suffer from deflation, ruining her own political career. No German chancellor has ever wasted so much political resources.

In Greece, street people protested more fiercely, even calling Merkel Nazi.

Varufakis said that Germany suffers from deflation as well, probably referring to the red line led by Germany and France, the European Unions leading goat, that the fiscal deficit rate of European Union countries should not exceed 3%. Observers reported earlier that in order to meet the red line requirement, Marklong had to work hard to open source and reduce expenditure, increase taxes and triggered many rounds of yellow vest protests.

This is Merkels first visit to Greece since 2014 and the first since Alexis Tsipras, the countrys left-wing prime minister, took office in 2015. Before arriving in Greece on Thursday, Merkel said Greece could continue to rely on partnership and friendship with Germany.

For many Greeks, this dependence is not mutually reinforcing.

After the outbreak of the financial crisis in 2008, Greeces economy collapsed. German-led (EU) austerity measures led to a one-third contraction in GDP, which put one-third of Greeks at risk of living in poverty. The unemployment rate rose to 18.6%, the highest in the euro area.

Greek Reporter.com reported in October 2018 that 34.8% of Greeks lived below the poverty line at that time, and 14.6% of them were at risk of extreme poverty, according to data released by the European Statistical Office. Only Romanians and Bulgarians in Eastern Europe fared worse.

At the same time, German banks acquire 2.9 billion euros a year from buying Greek government bonds through the European Central Bank.

Greece finally withdrew from the European aid program last year, but will face at least 10 years of government budget austerity and heavy economic reform tasks.

Merkel is expected to congratulate the Ziplos government on withdrawing from the bailout plan and urge the government to stick to the reform line when it meets on Thursday (17). It is expected that the two leaders will also discuss the change of former Yugoslav country Macedonia to the Northern Republic of Macedonia.

Source: Observer Network Responsible Editor: Ji Guojie_NBJ11143