The Greek recession has been, and is being deliberately induced by the Greek government.
The purpose is vilify German economic policy and to force Germany to create inflation.
Given all that, how will it take to change German economic possible, if it can be changed, and what will happen to Greece in the meantime?
The principle method the banks and the ECB have to influence Germany is public opinion. So the methods will be PR based.
The austerity measures in Greece have been designed to deliberately make the economy worse that what it needs to be. All in the name of turning public opinion against the actions of Germany.
German actions being to ask for economic responsibility as a long-term solution of Greek problems rather than simply inflating the debt away.
In Greece the PR job has already been done. Greeks dislike Germany and believe Germany are causing the problems despite the facts showing the recession is self-inflicted by Greek politicians and is unnecessary.
Now the ECB and banks need to turn public opinion of Europe in general against Germany and this is already starting to work.
Even genius economists have fallen for the propaganda of the banks and the ECB.
Unfortunately I can see things getting bad and I am talking about food shortages in Greece. When the international media starts reporting that Greeks are starving to death, then Germany will be in a very tough position.
Either Germany will have to leave the Euro and let the remaining nations inflate the currency/Euro or Germany will have to fundamentally change its position and support the ECB in inflating & devaluing the Euro currency.
Only time will tell how this is going to turn out I think the answer will become much clearer before the end of 2012.
Παγκόσμια Ημέρα Παιδικού Βιβλίου – «Είμαι ένα βιβλίο. Διάβασέ με»
Κυπελλούχος Ελλάδας ο ΠΑΟΚ
Ανδρουλάκης στις Σέρρες: Μόνη λύση η ισχυρή Δημοκρατική Παράταξη από την πρώτη Κυριακή