Germans in Shock as New Greek Leader Starts With a Bang

While Berlin and Washington swiped Ukraine away from Russia, Russia installed one of their own in Athens.

Matter of fact, the German government was likely not ‘stunned’ by Tsipras’ victory, but more or less is playing politics by downplaying the predicted aftermath. The Merkel leadership isn’t filled with rookie politicians. Germany dropped many hints that the EU could go on without Greece on more than one occasion, which aimed to deaden the anticipated blow that happened in last Sunday’s elections.

It would also be interesting know what “orders from abroad” Tsipras was referring to. That could be this ‘former’ Communist’s subtle hint at orders from Moscow.

 

Berlin:  In his first act as Prime Minister on Monday, Alexis Tsipras visited the war memorial in Kaisariani where 200 Greek resistance fighters were slaughtered by the Nazis in 1944.

The move did not go unnoticed in Berlin. Nor did Tsipras’s decision hours later to receive the Russian ambassador before meeting any other foreign official.

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“No doubt about it, we were surprised by the size of the Syriza victory and the speed with which Tsipras clinched a coalition,” said one senior German official, who requested anonymity because of the sensitivity of the issue.

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Top German body calls for QE blitz to avert deflation trap in Europe

Head of German Institute for Economic Research demands €60bn of bond purchases each month to halt contraction of credit and avert Japanese-style trap

A leading German institute has called for full-blown quantitative easing by the European Central Bank (ECB) to head off a deflation spiral, marking a radical shift in thinking among the German policy elites.

Marcel Fratzscher, head of the German Institute for Economic Research (DIW) in Berlin, demanded €60bn (£50bn) of bond purchases each month to halt the contraction of credit and avert a Japanese-style trap. Continue reading