Greece, Germany's new East?

Austerity means, according to Merkel and Schäuble, that Greek low wage earners become the reservoir of labor for the northerners. For parcel deliverers and taxi drivers, the minimum wage is already only on paper. Hospitality is also flourishing under the influx of cheap labor. Bulgarian and Polish meat workers support the industry with their misery wages. Greece is also expected to join the range of cheap labor suppliers. But the Greeks resist the flattening of their own national economy. They do not want to wait 25 years on blooming landscapes, have no more dictatorship to throw off and also can not cross into the West. Since Monday, the circulation of money is interrupted and Greece largely cut out of the economic cycle: the ultimate form of blackmail.