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Karan, Ceyda

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Cumhuriyet - Turkey | 08/07/2015

Germany gets off scot free

Greece is by no means the only country responsible for the current crisis, the Kemalist daily Cumhuriyet points out: "Who will hold to account the German and French banks that gave the Greek banks countless loans at high interest rates? ... The Greeks then spent the borrowed money on goods from the big EU states. This system allows German companies to turn handsome profits not only in Greece but also across Europe, making them world champions in exports. Will no one call this system into question? Will no one stand up to the Germans, who rose from the ashes of WWII without repaying much of their war debt? This is a déjà vu. Just as no one questioned the American banks that started the crisis in 2008 by creating the real estate bubble - and were even rewarded for doing so - no one is questioning the technocrats in Brussels."

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