Is Germany Secretly Maneuvering To Kick Greece Out Of The Euro?

Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Share on LinkedInShare on StumbleUponEmail this to someone

What in the world is going on in Europe?  Each day things just seem to get stranger and stranger.  We are being told that a “deal” for a second Greek bailout has been reached and that Greece will not default in March.  But behind the scenes it seems clear that many politicians in Germany (and in the other northern European countries as well) would like to kick Greece out of the euro.  So what exactly is happening here?  Well, it is complicated.  The United States, along with other members of the international community, put a tremendous amount of pressure on Germany to bail out Greece one more time.  Germany does not want to look like the bad guy, so they are going along with this bailout but they are also imposing conditions on Greece this time that will be almost impossible to meet.  And when Greece fails to meet its “obligations”, that will give the northern Europeans the excuse that they need to kick Greece out of the euro.  At this point, many politicians in northern Europe are convinced that Greece is a “lost cause” and that it is not fair to ask northern European nations to pay the price for the financial mistakes of Greece.  Greece is basically completely and totally bankrupt, and the nations of northern Europe don’t want to have a “financial dependent” on their books forever.  They are looking for a “way out”, and this new agreement lays the foundation for that.


Right now, Greece is experiencing depression-like conditions.  The following description of what life is like in Athens these days is from a recent Daily Mail article….

What is so shockingly evident as you walk around Athens are the awful parallels between that war-time era and today. The soup kitchens, the beggars, the pensioners picking up discarded vegetables after street markets close, the homeless scavenging for food in bins. These are the signs that can be seen.

Less noticeable is the quiet desperation of dignified people who turn off heating despite the cold and share dwindling savings with jobless relatives. Or the workers unable to afford fares home and the children fainting in school from hunger.

Greece is an economic basket case at this juncture, and many northern Europeans are not keen on the idea of endlessly supporting Greece financially.

The way that the other nations of Europe have been torturing Greece makes it clear that their patience is running out.  The outrageous austerity demands that the EU and the IMF made on Greece this time were so oppressive that many believed that Greece would never agree to them.  It was thought that Greece might finally be forced out of the euro.

But the current Greek government desperately wants to stay in the eurozone and the Greek Parliament did agree to them.

Unfortunately for the Greek government, they are going to be watched much more closely this time.  In essence, they will be under the microscope.  If they slip up, and they almost certainly will, that will give those that wish to abandon Greece the ammunition that they need.

The decision seems to have been made that Greece is going to be made to exit the eurozone one way or another.  Esteemed financial journalist Ambrose Evans-Pritchard penned the following in one of his recent columns….

It is clear that Berlin, Helsinki, and the Hague have taken the decision to eject Greece from the euro whatever the country now does. Even if Greece complies to the letter with the impossible terms of the EU-IMF Troika, it will not make any difference. A fresh pretext will be found.

The tension in Europe is so thick right now that you could almost cut it with a knife.  Some northern European politicians have clearly had enough….

-Luxembourg Finance Minister Luc Frieden is trying to make it sound like Greece is kicking itself out of the eurozone….

“If a member state says, ‘we prefer not to take money from other states and return to a national currency without making structural reforms,’ then that state has chosen to exclude itself”

-German Finance Minister Wolfgang Schäuble is openly proclaiming that he does not believe that it is even possible for the Greek government to comply with all of the demands that the EU and the IMF will now be imposing upon it.

-Bavaria’s finance minister Markus Söder is very clear about what he thinks should be done….

“It would be better if Greece stepped out of the euro”

But it is not just politicians that think it would be best for Greece to exit the euro.  According to one recent poll, 57 percent of all German business leaders want Greece to leave the eurozone.

The upcoming national elections in Greece that are scheduled in April could end up being a significant turning point.

There is a lot of fear in northern Europe that the next Greek election will be dominated by the far left and that will result in a complete breakdown of the austerity process and all the money spent trying to keep Greece in the eurozone will have been wasted.  One member of Greek Parliament recently said what he believes may happen after the upcoming election….

“If we achieve a Left-dominated government, we will politely tell the Troika to leave the country, and we may need to discuss an orderly return to the Drachma”

There have been persistent rumors that some European countries have been planning for the worst.  For example, a recent article in The Telegraph actually claimed that Germany is currently drawing up contingency plans for the exit of Greece from the eurozone….

Plans for Greece to default, potentially leaving the euro, have been drafted in Germany as the European Union begins to face up to the fact that Greek debt is spiralling out of control – with or without a second bailout.

A number of politicians in Greece realize what is going on and have lashed out angrily.  Greek Finance Minister Evangelos Venizelos is absolutely convinced that there are forces in Europe that are trying to push his nation out of the eurozone.  He recently made the following statement….

“In the euro area, there are plenty who don’t want us anymore. There are some playing with fire, domestically and abroad. Some are playing with torches and some are playing with matches. But the risk is equally great.”

One member of the Greek Parliament, Kostas Kiltidis, is warning of dire consequences for those trying to kick Greece out of the euro….

“We are the cradle of European civilization and nobody can take us out of our own home. There is no legal mechanism for this. If they try, others are going to die economically with us.”

All over the financial world, there is a growing feeling that a Greek default is inevitable at this point.  Just check out the following quote from a recent report put out by Credit Suisse….

Overall, we are left with a sense that the probability of delivering the largest default loss in history in a disorderly way on or before 20 March has increased relative to doing so in an orderly way. (Our view remains that, in any case, the chance of a disorderly outcome  after 20 March is high, so to that extent the immediate events are not really central to our view, but of course are fascinating).

The Greek government is drowning in debt and is going to great lengths to try to stay afloat.  In Greece today, it seems like almost everything that the government owns is for sale.  The following is from a recent article in The Independent….

The Greek government is trying to raise a staggering €50bn from the sale or rental of national assets including Athens International Airport (and 38 other airports), state oil and gas companies, ports in Thessaloniki and Piraeus, the Hellenic Post Bank, the motorways, the state-run horseracing organisation, and 35 large government-owned buildings. Hellenikon – a strip of coastline three times larger than Monaco which was once home to an international airport – is up for grabs, as is a 44-acre chunk of Corfu and, reportedly, numerous other stretches of scenic coastline.

But no matter what the Greek government does, it is only delaying the inevitable.

This new deal is not going to “save” Greece.  Government debt will remain at unsustainable levels and the country will be facing depression-like conditions for years and years to come.

Many Greek citizens are planning for the worst.  The following comes from a recent article in The Guardian….

“I’m really worried. I think there is a risk that we will go bankrupt and I’ve thought a lot about being prepared,” said Dimitra Partheniou, 61, in Athens. “I’ve gone through all the scenarios: of there being no food, of people being attacked as they go to the supermarket, of banks being looted. And I’ve decided that if that happens we’re moving to Poros [an island] because there, at least, we’ve got enough land to cultivate tomatoes and corn.”

When people become desperate they do desperate things.  For example, it was recently discovered that thieves have stolen dozens of priceless antiquities from the Ancient Olympia Museum.  As the economy continues to crumble, things in Greece are going to get even worse.

And northern Europe does not intend to be financially responsible for this Greek tragedy.

So don’t be fooled by this new deal.

This deal is not about rescuing Greece.

Rather, it is about setting the stage for the exit of Greece from the euro.

And if Greece does end up getting kicked out of the eurozone, that is going to be a signal to the financial world that others may be asked to leave the eurozone at some point as well.

Investors would be left wondering which country will be the next to go.




The economic problems that Europe is facing right now are not going to end with Greece.

Some European officials seem to think that if they “amputate” by cutting off Greece right now that the rest of the eurozone can be salvaged.

That simply is not going to happen.

In the end, Europe is either going to totally break apart or it is going to integrate on a level never seen before in modern times.

It will be fascinating to see what happens.

  • ScoutMotto

    It would interesting tosee if Greece is booted out of the euro. A move like that would not fit into the plans of the globalists, who want more centralization of power and banking, not less.

  • Imam

    Best thing for Greece is to leave the Euro and repudiate the Euro debt. It will suck living on what Greece actually produces, but they will end up doing that anyway. They will NEVER EVER get out from under the austerity measures once the EU and IMF get a good grip.

  • Just Me

    I know that people cause their lot in life. Some work hard for many years to live independent of the gov, some come to the game late, as I have. The one thing I do not wish is to see all this happen. People are suffering. Children are going hungry. People are falling to their figurative deaths. We should not hope that others suffer because they are ignorant or stupid.

    So really, I don’t know if “fascinating” is the right word, Michael. Perhaps “horrible” is more suitable. I don’t look forward to what is coming to our country or the world. I look for the next world and desire to see Christ and I know that certain things must happen beforehand. My comfort is in Christ though. And I continually pray for people even if they caused the mess they are in. After all, I was once a sinner who didn’t know better. I know what I deserve but in God’s grace I won’t receive that punishment. Have mercy on others in your words and thoughts…..

    • Randome-11

      “We should not hope that others suffer because they are ignorant or stupid.”

      Why not? Why the heck not? Ignorance and stupidity means suffering for others, a blight to society in general.
      Sure the politicans and big business are plotting and scheming but stupidity, ignorance and apathy is what allowed them to go on, resulting in the current situation.
      The ignorant ought to wake the heck up, they should have done so decades ago.
      No entitlements, for ther stupid, that is only the way it should be.
      If you pick your nose with a nail gun and ends up with a headache, that serves you right.

      • Just Me

        You are right that consequences are what comes from our actions. I simply means that we should not relish that someone got their due when it was because they were not enlightened and we, by mercy and grace, have been enlightened. If someone murders someone else with malice then yes, I rejoice at the justice that is given out. If someone accidentally runs over a person, goes to prison and their whole family is affected for lack of contributing to said family, that is painful for me to watch. There is a difference and we should know it.

        All that said, it does not mean that when the SHTF that I will share my life and work with others. I will be very selective of who I help. My parent in laws have declared bankruptcy at least two times, have gambling issues and will not listen to anyone about how to get back on their feet – even to the point that the home that was GIVEN to them was paid for by my husband’s Grandmother. They have two mortgages now on a home that they never paid for. Those kind of people should have seen what was coming and didn’t. Nothing is worse than seeing someone almost 70 years old and still have not learned a thing about action and consequences. All I was saying that that we should not wish the worse on people who were raised in a society that molded them to think the way they do. Try to have a little mercy, try to inform those willing to listen. But leave behind the hateful know it alls who will run to their slaughter like the goats they are. Run far and fast from them.

  • mark

    Are the terms of the new bailout really that tough? You see the problem with socialism is that you run out of spending other people’s money and Greece has done this. The problems will not go away even if they leave the Euro behind. To much government and to many government pensions promised to be paid for by the generations to come. The socialists do not understand that there never is a fix to their system. You steal more wealth as taxes and the government just continues to grow and needs to be fed with more stolen wealth from the taxpayers. As this economic system continues to break down some realities are coming to the surface. The hard cold truth about debt and the payment of interest to the powerful rulers that run the world is open for all to see that want to open their eyes. The progressives in power have made many promises to the masses of the good life to be had without working for it. Today what is called wealth is created out of thin air by Central Banksters and lent out at very low rates of interest to the members of their club. In turn the club members lend this fake wealth to a government at a higher interest rate to spend on the huge promises made to the public. The powerful have a huge scam in the collection of interest forever on the debt that keeps on growing. This system works for the powerful as long as we debt serfs keep on paying the powerful their interest on this fake wealth. At some point the risks of not being able to collect the interest on this fake wealth become to high and some of the powerful take their winnings home to use elsewhere. Those still in the game demand higher rates on their interest payments. This kind of sounds like your neighborhood loan shark, but these sharks are dressed in fine suits. Greece and any other countries with debt are at the mercy of the powerful loan sharks. The powerful progressives that started this system of unlimited debt and interest payments produce very little real wealth but suck the real wealth from the worker class. We should have listened to our Founding Fathers about debt and lived within our means. The way out of this mess is going to be very ugly as the powerful will fight tooth and nail to keep their fake wealth created out of thin air by the Central Banksters. They will continue to demand their interest payments from us debt serfs, I mean taxpayers. What will the end bring on? Will we become a police state that the progressives control to continue their welfare, I mean interest payments or will we come to our senses and stiff the progressive masters? Should we default on the debt and the socialist promises, live through the pain in the short run and go back to a limited and low cost govrnment to have a future of not being debt serfs forever? I vote for going back to what our Founding Fathers professed in a small limited government.

  • Cinderella Man

    Poor little Greece, the thorn in the EU’s side. It never ceases to amaze me how the MSM spinmasters can polish this turd called the global economy. Their hopes are so high that Europe will stablize and this whole bad dream will just go away. Wall Street obviously thinks the worst is over the DOW crossed the 13,000 mark today. YEEEEAAAAHHH HOPE AND CHAAAAAANGE!!!! Dennis Gartman said in a recent CNBC article “Recession will soon morph into depression.” Regarding the situation in Greece. Wow from the sounds of it to me Greece is just in a pesky recession and all this talk of starving kids and desperate parents is all a bunch of jibberty-joob. The inflation and employment numbers are the biggest joke. How can it be that when 140 million employed in 2009 the rate is 10% but in 2012 same amount employed and 6 million are added to the population but the rate is 8.3%? Hmm… or that inflation is 2% without the price of energy and food included? Whoever thought of not including those figures is a genius or a criminal. All that does is give Uncle Ben all the reason he needs to devalue our currency. But hey let the good times roll! Dont forget to get in on this action of the booming stock market you broke suckers!!!!

  • Chris

    When the Greek infrastructure has all been sold off to foreign creditors/speculators/profiteers and the bailout funds have been poured into letting the foreign banks etc go away without taking any losses and the default can be reasonably controlled THEN they will allow the default to happen.

  • mondobeyondo

    The simple answer is, yes, Germany wants to kick Greece out of the euro.

    The more complicated answer is, the euro is a common currency, and so what happens in Greece (which is a member of the eurozone), greatly affects what happens in other member countries (remember, it’s a common currency) – the poorer members, and the wealthier members like Italy and Germany. Germany especially would have a lot to lose if the euro goes down. Italy would, too.

    So yes, Germany wants to kick Greece out of the euro.

  • justadad

    Take a break. You posted the economic article on the EOAD site and the demise article on the EC site.

    • Michael

      LOL – sometimes I like to mix things up a bit. :)


  • Gary2

    do I care???

  • jsmith

    The same criminal international banksters that shoved and twirled the fork on the German’s behinds in 1917-1923 and the United States in 1929 are at it again. This time it’s the Greek’s turn. Once the Greeks are thoroughly bled, and starved, those same banksters will pick the resorts, farmland, and all the assets of the Greeks for pennies on the Dollar. Or should I say Drachmas.
    But let’s not be to smug. After these vampyres are through with Portugal, Spain, Italy and France, we, the American’s are next.

  • someguy

    If greece and others go back to their old currencies the euro will rise and exporting countries like germany will have huge problems. So this is not in Germanys interest.

    • Charles E. Winchester


      Well, how much do you think it will rise? Enough to cause problems?

  • someguy

    @ gary2: you don’t but you should.

  • Charles E. Winchester

    “In the end, Europe is either going to totally break apart or it is going to integrate on a level never seen before in modern times.”

    No, Europe is not going to “totally break apart”, but maybe (and hopefully) the EU will. Better late than never!

  • Ziontologist

    Greece is the birthplace of civilization as we know it. There must be a civilized solution to these economic problems.