×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Monday
08
Dec 2025
weather symbol
Athens 16°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

Environmental focus: A swan’s journey

December 8, 2025

Serious clashes in Chania and Heraklion with stone-throwing and tear gas between farmers and riot police – Patrol car overturned (video-photos)

December 8, 2025

Netherlands: Government pledges another €700 million in aid for Kiev in 2026

December 8, 2025

Three things scientists fear for 2026

December 8, 2025

Zelensky: Till now no agreement has been reached on eastern Ukraine with the US

December 8, 2025

Cable: The three developments that are “blowing the fuse” on the project

December 8, 2025

Strong 5.3 magnitude earthquake in Antalya, Turkey

December 8, 2025

Farmers sharpen their stance: Clashes outside Heraklion Airport, nationwide highway blockades, and preparations for port shutdowns (updated)

December 8, 2025
All News

> World

Netherlands: Government pledges another €700 million in aid for Kiev in 2026

The government had previously pledged €3.5 billion in aid for next year

December 8, 2025

Three things scientists fear for 2026

December 8, 2025

Zelensky: Till now no agreement has been reached on eastern Ukraine with the US

December 8, 2025

Strong 5.3 magnitude earthquake in Antalya, Turkey

December 8, 2025

Zelensky will receive the peace plan documents today, says the head of the Ukrainian negotiators

December 8, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα