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article image'Greece cannot be saved, that is simple mathematics': German MP

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By Katerina Nikolas     Jul 29, 2012 in World
Athens - As Greece's coalition government's three party leaders prepare to finalize €11.5 billion in cuts to satisfy creditors, negative comments continue to emanate from Germany, where there is growing pressure for a Greek euro exit.
Michael Fuchs, deputy leader of the parliamentary group of Merkel's Christian Democrats, made the comment that "Greece cannot be saved, that is simple mathematics" Zero Hedge reported. He went on to say "The government has neither the will nor the means to implement reforms."
Even as Fuchs spoke the Greek government is finalizing cost cutting measures to eliminate €11.5 billion from the state budget and contemplating measures to speed privatizations, close and merge 200 state departments, and sell off state assets.
Fuchs was not a lone voice spouting negativity regarding Greece from Germany. Financial expert Hermann Otto Solms said that if the troika of international lenders had cause to find any criticism over Greece's progress then Greece should be left out to dry, with no further financial assistance.
His sentiments were echoed by the deputy leader of the Christian Democrats, Michael Meister. According to Bloomberg Meister said Greece should not get additional aid when it is already struggling to pay its bills.
Political views on Greece's exit from the euro have resounded with the German public.To Vima reports that a poll conducted by German newspaper Bild showed 71 percent of the German public favour a Greek exit from the euro.
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More about Greece cannot be saved, Michael Fuchs, Greek crisis, Greece, Antonis Samaras
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