Only recently, Minister Roesler expressed deep frustration that Greece would not accept the hand which had been held out. Nothing was done to implement measures which had been agreed upon. In Roesler’s view, this kind of “helping oneself with the help of others” has no priority on the part of Greece.
Michalis Chrysochoidis, Roesler’s counterpart on the Greek side, has, of course, a different explanation. In his view, the Germans had no interest in new investments in Greece nor in helping Greece but their only interest was/is to get open bills paid. Something not worthy of a Nobel Peace Prize.
Lidl has already left Greece. OBI, Praktiker and others are very unhappy about their performance in Greece. They are beginning to feel boycotted. Couldn’t blame them if they left Greece, too. Wouldn’t be good for Greece if they did.
This is somewhat reminiscent of kindergarden: “…I will be bad to you because you were bad to me…”. The trouble is that such a downward spiral has a way of reinfocing itself. In the long run, Keynes would predict, both sides will be dead…
What exactly is so difficult about getting an upward spiral in motion? It, too, would have a way of reinfocing itself. That’s what adults should concentrate on (instead of acting like children in kindergarden)!