WHAT WAS GOOD FOR GERMANY IN 1953 IS GOOD FOR GREECE IN 2015.

After the Second World War, Germany's economy was in ruins. Economic assistance under the Marshall plan was important to both Greece and Germany, but it was the granting of debt relief that made a difference to the Germans. Angela Merkel, do the same for Greece, now, or risk wrecking the Euro-zone.

Writing in the Economist magazine in 2012, Albrecht Ritschl, a professor of economic history at LSE, has said: “The Marshall plan had an outer shell, the European recovery programme, and an inner core, the economic reconstruction of Europe on the basis of DEBT FORGIVENESS [my capitals] to and trade integration with Germany. The effects of its implementation were huge. While western Europe in the 1950s struggled with debt/GDP ratios close to 200%, the new West German state enjoyed debt/GDP ratios of less than 20%. This and its forced re-entry into Europe’s markets was Germany’s true benefit from the Marshall plan.”

According to Thomas Piketty, “Germany is the country that has never repaid its debts. It has no standing to lecture other nations.”

Read more of what Thomas Piketty has to say here: https://medium.com/@gavinschalliol/thomas-piketty-germany-has-never-repaid-7b5e7add6fff

Angela Merkel, DO NOT forget what was done for Germany when its economy was in tatters - do the same for Greece, NOW!!