Germany continues to show impassive in the face of the Greek tragedy. If Athens decides to leave the euro, the situation will be "controllable" for Germany. This is the thought of the Bundesbank, the German central bank. In its monthly Bulletin we read that if “Greece threatens not to adopt reforms and fiscal consolidation, it will have to bear the consequences. The effect on the economy of the eurozone and that of Germany could be significant, but controllable”. continues the Bundesbank.
Thus Berlin's hard line continues. “The conditions that Greece must meet in relation to financial aid cannot be weakened” received from the European Union and the International Monetary Fund. While "any significant easing of the commitments signed would damage the monetary union treaty", concludes the Bulletin.
