After Fingergate the Greek PM Needs to Repair Greece-Germany Talks

The influential tabloid Bild newspaper is headlining every single mishap in Greek-German relations, be it the untimely complaints about reparation payments dating from Nazi atrocities in World War II during debt discussions, to Finance Minister Yanis Varoufakis’ alleged middle finger against Germany, which got the tag #fingergate on twitter. It seems no day can pass by without a new twist in the saga, irritating both the German intelligentsia and main street.

Germans have lost faith and patience with Greek Prime Minister Alexis Tsipras and his team. More than 80 percent are against sending any more money to Greece, according to Forsa polling institute.

Furthermore, a majority of Germans – 52 percent – would like Greece to leave the euro zone, up from 41 per cent in February, a ZDF opinion poll on Tuesday showed.

This is a message Merkel understands. She has never acted against opinion polls in the past–but she also wants to keep the euro zone intact. Tsipras is in for a serious meeting next week when he meets her in Berlin on Monday and all eyes will be glued to see if the Greece-Germany relationship can be saved.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza