NP - Greece vs Germany - The Final Battle?

[David Morris]

http://www.motherjones.com/kevin-drum/2015/06/it-look-germany-ready-let-greece-collapse

There is little sign that either side is softening its position....In
Germany especially, the fear is that providing new loans to Greece without
extracting more spending cuts represents a fateful step toward a so-called
transfer union, with wealthier nations providing handouts to Greece and
other weaker countries. “If a small country can blackmail the other members
into a transfer union without conditions and controls, the euro cannot
survive,” said Adam Lerrick, a sovereign debt expert at the American
Enterprise Institute, a research organization based in Washington.
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