After receiving more than €200 billion since 2010, Greece will no longer depend on EU emergency funding as of Aug 20. But Commerzbank Chief Economist Jörg Krämer says the Greek bailout saga is nothing to learn from.
"The German economy rises and falls with China." Bankers are generally not known for their hyperbole, but the words of Jörg Krämer of Commerzbank, speak to a truth that appears increasingly evident.
As lenders decide on Greece’s post-bailout future, some say it may not differ much from its bailout present: targets, compliance and disbursements. DW talked with Alexander Kritikos, an expert on Greek political-economy.
Leaders in Brussels hailed the deal on a new German coalition government as good news for Europe. Martin Schulz, formerly president of the European Parliament, said Berlin would "return to an active and leading" EU role.
With Europe's savings commissar Wolfgang Schäuble set to be replaced by Social Democrat Olaf Scholz as the new German finance minister, hopes for a policy change are rising on the eurozone's debt-laden periphery.
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