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Market participants are not the only one, getting frustrated over Greek swings. While market remains trapped under DEAL ON/ DEAL OFF, anger and frustration among German public clearly rising.
- Most Germans are not able to comprehend, when growth is returning all over Europe, why 5 years old debt crisis still dragging on and what is their government's strategy handling Greece.
Pressures are paramount on Chancellor Angela Merkel as she is scheduled to speak today in parliament.
An emergency debate on Greek crisis has been scheduled in German parliament, where Ms. Merkel and Finance Minister Wolfgag Schäuble are expected to be heavily grilled by opposition.
Chancellor Merkel has been immensely popular in Germany, however current crisis might have been taking a toll on her popularity too.
Demands among public are rising for the government to explain its stance and answer the followings -
How much more German people need to pay to keep Greece within Euro zone?
If the crisis keeps on dragging, the risk of rift in Germany is going up.
Euro is currently trading at 1.113 against dollar.
