Since the beginning of the euro area’s economic plunge, Greece has been the poster child of despair. With an almost insurmountable level of debt the Greek government has thrown bonds and stimulus plans at the country’s deficit in hopes of jump starting economic recovery.
But it was clear that these efforts were not nearly enough. In a shocking speech, Greek prime minister George Papandreou pleaded for Germany’s help in getting Greece’s economy back on track. Germany’s export-driven economy suffered earlier on in the downturn, but with careful management it has remained one of the euro area’s strongest economies.
Angela Merkel and Papandreou are set to meet for further talks, but what is there left to do about Greece? What should Germany’s role be in the matter, and how will their actions affect the euro area?
Tell us what you think.