The Greek debt crisis appears to be entering a new phase, in which the country is no longer just waiting to get needed help but getting concerned that others — including euro zone powerhouse Germany — may actually be making it hard for them to recover.
First, there is Prime Minister George Papandreou (right in photo). His concern is that speculators are pushing the cost of borrowing so high that it is undermining the plans he has put in place for deficit reduction. Papandreou is known for being a mild-mannered sort, so any kind of irritability is worth noting.
But Theodoros Pangalos (left), the deputy prime minister and once foreign minister, has no such reputation to hold him back. He has launched an attack on Germany, saying that a) it is allowing its banks to mess around with Greek bonds and b) that it suits Berlin in any case to let the euro fall.
Pangalos is famous for his undiplomatic outbursts. He once referred to Germany as a giant with a child’s brain. Another time he suggested that the then -French president was essentially belly-dancing in front of the Turks to get their business.
So perhaps a pinch of salt should be taken re Pangalos. But put together, the two bouts of finger-pointing do suggest that at the very least the Greeks are getting frustrated with the substance-less expressions of support they keep getting.