Greek President Karolos Papoulias slammed Germany’s finance minister for recent comments about his country as stalled bailout talks stoked tensions between Greece and the northern European countries funding its rescue. “I don’t accept insults to my country by Mr. Schaeuble,” Papoulias, who fought in the resistance against the Nazis during World War II, said in a speech today. “I don’t accept it as a Greek. Who is Mr. Schaeuble to ridicule Greece? Who are the Dutch? Who are the Finns? We always had the pride to defend not just our own freedom, not just our own country, but the freedom of all of Europe.” Papoulias’s comments came as Wolfgang Schaeuble and other European officials pushed Greece to gouge more cuts out of its budget to qualify for a new bailout that would stave off an economic collapse. Schaeuble today blamed Greece’s New Democracy party, the second largest, for holding up agreement on a new rescue package and his deputy, Steffen Kampeter, compared Greece to a “bottomless pit.” [Bloomberg]

146 comments (hidden to protect delicate sensibilities)
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Comments (146)

  1. Posted by Wolfgang S | February 15, 2012 at 3:30 PM

    Insults? No, no, you misunderstood. "Bottomless pit," is your credit rating in the eyes of the German people.

  2. Posted by Wylie Coyote, CFA | February 15, 2012 at 3:33 PM

    Q: Who is Mr Schauble to criticize Greece?
    A: A German taxpayer who doesn't see why he should give money to distant, feckless countries.

    Q: Who are the Dutch to criticize Greece?
    A: The Dutch are a people who have managed to pay their country's debts, even when quite large and under difficult circumstances.

    Q: Who are the Finns?
    A: The Finns are a people who managed to steer their economy through the collapse of its largest trading partner and come back stronger and more efficient.

  3. Posted by Alt_EST | February 15, 2012 at 3:34 PM

    German Debt/GDP: 83.2% (AAA/Aaa)
    Dutch Debt/GDP: 62.9% (AAA/Aaa)
    Finland Debt/GDP 48.3% (AAA/Aaa/AAA)

    That's who we are, bitch.

  4. Posted by PermaGuestII | February 15, 2012 at 4:11 PM

    That's going to change pretty quick for Germany once they actually have to price their exports in Deutschmarks instead of the Franc/Peseda/Lira blend they've been using for the last decade. Just sayin'

  5. Posted by ioanna | February 15, 2012 at 4:15 PM

    so pathetic – people with devostating (or 0) influence in European History and unity, now play the leading role in 'protecting' all that EU is supposed to be about: freedom and democracy.
    Not to mention that the people that actually fought for this freedom, have actually 'forgiven' those with european blood on their hands and set aside their differences (debts included….).

    This is how this support is payed back.. Seems that the civilized free EU is all about blackmails and insults.
    Such a shame. Obviously the EU masters that define what is and what is not 'european' under theis own undefined unclear conditions have started a new war between debts and ethic.

  6. Posted by W. Schauble | February 15, 2012 at 4:23 PM

    I'd say it depends on how many colored armbands she was wearing.

  7. Posted by trojan_ | February 15, 2012 at 4:24 PM

    We rike strong Marks.
    -fmr. Axis ally

  8. Posted by guest | February 15, 2012 at 4:24 PM

    Devo stating … i get it … I can't get no…no no no…

  9. Posted by guest | February 15, 2012 at 4:35 PM

    shut up kouwe

  10. Posted by PermaGuestII | February 15, 2012 at 4:44 PM
  11. Posted by Bavarian Car Owner | February 15, 2012 at 4:54 PM

    Put. That. Ouzo. Down.

  12. Posted by Bugs | February 15, 2012 at 5:14 PM

    The EU knew that Greece was cooking the books to join the euro and connived in it (with the help of a bunch of banks). Only the hubris was authentically Greek.

  13. Posted by Ioanna | February 15, 2012 at 5:53 PM

    'No-no-no' will be coming from a different side right after the French Presidential elections.
    Is this what all this fuss is all about? Seems that Frau Merkel and Mr Schauble do not have what it takes to say it straight…

    Btw, Bugs, since you are familiar with hybris, you must already know that it is reflected on the actions of those in power and resulted in their fall eventually and devOstation…

  14. Posted by Anonymous | February 15, 2012 at 5:59 PM
  15. Posted by Anonymous | February 15, 2012 at 6:06 PM
  16. Posted by Bugs | February 15, 2012 at 6:15 PM

    Well, they may not have fallen but there's plenty of devastation to go around.

  17. Posted by fuck you | February 15, 2012 at 6:55 PM

    Ouzo is for performing borrowers only.

  18. Posted by HFguy | February 16, 2012 at 10:09 AM

    You still forget to thank us for introducing you to democracy and for the cheap fucking EURO you have been rolling in.

    -Thanks
    South Europe

  19. Posted by Mi-na | February 16, 2012 at 11:08 AM

    papoulias fought for freedom?…he is also part of the gang that destroyed greece! The best thing that will come after all this is that maybe we;ll will stop living in our fantasy world and we;ll get rid of all these scumbags policians.

  20. Posted by Just_the_truth | February 16, 2012 at 3:00 PM

    Who are the Dutch?
    -A nation tha started two world wars.

    Who is Papoulias?
    -Somebody who gave a fight against the nachis.

    Who are the Greeks?
    -The nation which had the first win for the allies in the second world war (agains the mussolini)

    Who is Merkel?
    -Someone who is close friend to goldman sachs and want to buy in a very low price the unexplloited greek oil deposits and minerals.

    Stop attacking Greece..maybe your country is the next victim..

  21. Posted by Just_the_truth | February 16, 2012 at 3:04 PM

    (Forgot to mention that Germany has never given to Greece the war compensation from world war 2- BILLIONS)

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