11:48 GMT +320 October 2019
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    German Chancellor Angela Merkel (right) and the Prime Minister of Greece Alexis Tsipras (left)

    Germany Shows Dominance in Europe During Greek Crisis – Official

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    Spanish member of the Audit Committee of Greek debt Sergi Cutillas claims that during the ongoing Greek economic crisis, Germany has displayed its dominant position within the European Union.

    MOSCOW (Sputnik) — During the ongoing Greek economic crisis, Germany has displayed its dominant position within the European Union, Spanish member of the Audit Committee of Greek debt Sergi Cutillas told Sputnik Wednesday.

    Germany “has made it clear that democracy does not matter [in the European Union],” Cutillas said, adding that Berlin's ultimate goal is “to establish dominance over France.”

    According to Cutillas, Germany, being an export superpower, has benefited the most from the European Union, because admitting countries with “less powerful” economies to the bloc made the common currency “a litter cheaper,” thus facilitating exports.

    Germany "is benefiting from its role as creditor and its exporting role," Cutillas said.

    According to Cutillas, Germany knows that the Eurozone will sooner or later collapse and wants to "amass as much capital and power as possible before that happens.”

    One of the harsh conditions that Greece had to accept this weekend to receive its next bailout package from a group of international creditors to save its crumbling economy was to agree to hand over €50 billion worth of its public assets to an external fund.
    © AP Photo / Geert Vanden Wijngaert
    Greece is struggling to repay its debts, including the $270 billion it owes to its main creditors — the European Central Bank, the International Monetary Fund and some Eurozone countries.

    In the July 5 referendum, a majority of Greeks voted against the lenders-proposed bailout plan, which contained strict austerity measures the country’s leadership saw as humiliating.

    The Greek government's debt settlement proposals received much criticism from the German side, with German Chancellor Angela Merkel calling their proposed reforms "insufficient."

    On Monday, however, the leaders of the euro area reached an agreement on a new bailout package for Greece.

    On the same day, Greek former Finance Minister Yanis Varoufakis said that the Eurogroup, which had been negotiating with Athens to resolve the Greek debt crisis, is completely controlled by Germany and its Finance Minister Wolfgang Schaeuble.

    Related:

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    Tags:
    crisis, bailout, austerity measures, European Union, Germany, Greece
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