Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Monday, February 02, 2015

Germany's Merkel Says She Doesn't See Another Greek Debt Cut

BERLIN (AP) — German Chancellor Angela Merkel has underlined the refusal of Greece's European creditors to consider forgiving part of the debt-ridden country's rescue loans, though she stressed in an interview published Saturday that Berlin's aim is to keep Greece in the eurozone.

Greece's new government insists it will honor pre-election promises to seek a cut on the country's rescue debt and scrap painful budget measures that were demanded in exchange for the loans.

Merkel said in an interview with the daily Berliner Morgenpost that Europe will continue showing solidarity with Greece and other nations hit by Europe's debt crisis "if these countries undertake their own reform and saving efforts," and fended off a question about the new Greek government's moves to reverse reforms and rehire suspended workers.

"We — Germany and the other European partners — will now wait and see what concept the new Greek government comes to us with," she was quoted as saying. She was clear, however, about prospects of a debt cut.

Athens already was forgiven billions of euros by private creditors, Merkel said. "I don't see a further debt haircut."

As for demands that have surfaced in Greece for Germany to pay more compensation for Nazi crimes during World War II, Merkel said that "this question doesn't arise."

Merkel said she wants Greece to be successful and acknowledged that "many people there have hard times behind them."

"The aim of our policies was and is for Greece to remain a part of the euro community permanently," she said.

Original Article
Source: huffingtonpost.com/
Author: AP

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