×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Saturday
27
Jun 2026
weather symbol
Athens 28°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

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

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

Hope amid the ruins in Venezuela: Newborn rescued alive 32 hours after earthquake, watch the video

June 27, 2026

Greek Defence Industry: A last major opportunity and the open challenge of the 25% local participation rule

June 27, 2026

Woman dies at shooting range in Malevizi, Crete; Witness accounts point to suspected suicide

June 27, 2026

Greece weather: Heat persists with highs of 36°C, local showers inland and stronger meltemi winds in the Aegean

June 27, 2026

Electricity Bills: Greece to end 50-year system of collecting municipal fees through power bills – Why the change is happening

June 27, 2026

Escalation after U.S. strikes: IRGC launches attacks on U.S. positions in the Gulf

June 27, 2026

Oil prices plunge 10% for the week as Hormuz traffic resumes; Brent settles at $71.99

June 27, 2026

Evia: Its tallest medieval tower reinforced by the Ministry of Culture

June 27, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα