×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
24
Dec 2025
weather symbol
Athens 14°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Le Monde: Scheauble the new “Otto”, Greece’s tyrant!

A very damning article by the French newspaper

Newsroom February 16 02:41

In an article under the title “Give the Greeks their freedom” the newspaper compares the German Minister of Finance with the Bavarian Catholic first king of the liberated Greek state, that was imposed on Greece by the Great Powers in 1832.
Greece back then was in debt to the Great Powers after the War of Independance in 1821. Since then, the country’s independence has arose many times. So now, the French newspaper wonders, the question comes back again: what does it take to lift the “Greek curse”? This country never was actually financially independent.

 
Life sentence
Klaus Regling, head of the ESM that has lent 175bn Euros to Greece, describes this slavery-like situation very well: “A cynical analysis of the facts indicates that we shouldn’t worry about the Greek debt” and that because, as he explained, the interest for this money is just 1%, something that allows Greece to save 8 bn Euros every year, which is 4,5% of the GDP. Also these loans are of long maturity, an average of 30 years, something that neutralizes the IMF’s argument that based on 10-year estimates, considers the Greek debt non viable.

For him, the Greek debt is viable as long as the Greeks remain under the control of the Europeans and adopt the reforms dictated to them from Brussels for the next 30 years…

Ask me anything

Explore related questions

#1821#Bavarian#brussels#germany#greece#King Otto#Klaus Regling#Scheauble#slavery#War of Independence
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Erdogan for trilateral meeting between Greece, Cyprus and Israel: It’s nothing more than tin can noise

December 24, 2025

AADE scrutinizes 3,000 farmers for mass registrations and deletions of farmland in the E9 during 2025

December 24, 2025

Rare meteorites discovered by the Chinese mission on the far side of the moon

December 24, 2025

The Greeks of Istanbul took to the streets for caroling, see video

December 24, 2025

1,200 minors live in institutions in Greece – The trauma of confinement

December 24, 2025

How to avoid the flu and respiratory infections

December 24, 2025

How chefs achieve the crispy turkey skin everyone loves

December 24, 2025

Unexpected interruption during Fidan press conference in Syria: Statements ended abruptly – Damascus apologizes

December 24, 2025
All News

> Lifestyle

George Michael: A Greek singer reimagines the song he wrote for the early death of Anselmo Feleppa

Alexandra Gravas has secured permission and presents a new interpretation of “You Have Been Loved”

December 24, 2025

Smaragda Karydi and Thodoris Atheridis have separated after 23 years

December 23, 2025

George Petzetakis: Debts in Athens, business and the high life in America despite international warrants

December 23, 2025

Valeria Golino: A woman who wants to define her own life, body, and destiny is something deeply political

December 22, 2025

Konstantinos Argyros: “God willing, I will expand my family”

December 22, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα