Time to Admit Defeat Greece Can No Longer Delay Euro Zone Exit

Even though Greece is virtually being governed by the European Commission and the IMF, the country's debts are higher than ever and the recession is worsening. As the political situation becomes increasingly chaotic, new elections seem all the more likely.

ATHENS (DER SPIEGEL). There are many things Alexis Tsipras likes about Germany. The leader of Greece's Coalition of the Radical Left (Syriza) party drives his BMW motorcycle to work at the Greek parliament in the morning, Germany's uber-leftist Oskar Lafontaine is one of his political allies, and when it comes to his daily work, his colleagues have noticed a certain tendency toward Prussian-style perfection.

Tsipras could easily count as a friend of the Germans, if it weren't for the German chancellor. Greek magazines have frequently caricatured Angela Merkel dressed in a Nazi uniform, because she imposes her fondness for balanced budgets and austerity on the rest of Europe.

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May 14, 2012

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Tuesday, May 21, 2013 Last Update: 11:13 PM ET

Time to Admit Defeat Greece Can No Longer Delay Euro Zone Exit

May 14, 2012

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1. Philip Vorgias wrote on May 14, 2012 10:13 AM	Appears as if Berlin isn't buying the Tsipras threats. Adios, Athens.
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