This piece has already seen a bit of notice on FDL thanks to GreyDog. I’ve substantially revised it, so here’s a teaser and the link (below). There will be a new Invisible Money early next week. I hope to finish the series before the end of the year.
Now we know a bit more about the cat who is swallowing Greece. Let’s take a step back and look at the people presumably paying the tab for this bailout: not the Greeks, but the Germans (and other Northern Europeans) who are funding it all – at least according to widely held belief. And because they are seeing their finances make the trip from their pockets to Greece and then to the banks in Greece, France and Germany, they are watching their living standards and infrastructure decline.
A reader from Berlin got in touch. This is her take on German realities here and now, and as such are only one person’s opinion. But they are valuable not only because they contradict the dominant message abroad these days, which is, in part, Prosperous, hardworking Germans have a system that is the envy of all Europe.