Remember how I ended yesterday's post entitled "Greece Remains Europe's Problem Child" with these lines?
The continent's northern, productive folk will surely tell them the gravy train stops here. Then what?
Today
Germany makes that clear:
Euro zone politicians are not obliged to rescue Greeceas the country is no longer of systemic importance to the single currency bloc, a senior member of German Chancellor Angela Merkel's party was quoted as saying.
In an interview with Rheinische Post newspaper published on Wednesday, Michael Fuchs also said Greek politicians could not now "blackmail" their partners in the currency bloc.
"If Alexis Tsipras of the Greek left party Syriza thinks he can cut back the reform efforts and austerity measures, then the troika will have to cut back the credits for Greece," he said.
"The times where we had to rescue Greece are over. There is no potential for political blackmail anymore. Greece is no longer of systemic importance for the euro."
The remarks are the clearest warning yet to Greek voters from a senior German politician that Athens might lose support if it flouts the terms of its 240 billion euro EU/IMF bailout after early elections next year.
We shall see if the snot-nosed ingrates on the Mediterranean have a clue.
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