A fight for Rome

This is not a struggle for economic principles. This is a political struggle for supremacy in Europe: The wealthy Northerners want to consolidate their supremacy. Greece should be downgraded to a labor pool. At the same time, the message goes to the working class of the rich countries that it has to keep quiet because otherwise, ie when there is a strike and when massive wage subsidies are levied, the same can happen in Greece. A weak country like Italy, which would benefit the least from Greece's downgrade and may have to fear a similar fate, is therefore turning around and rebelling openly against Merkel and Schäuble. In this struggle, the political class of Europe exposed itself: they acted together and openly against the Greek government and after the referendum, the Greek government could refer to its support in the population, they wanted to make their threats true like the offended schoolboys and the Greeks demonstrating their power, punishing them and letting them suffer even longer. This is how the rationale of austerity manifests itself for Schulz, Schäuble, Merkel and Co.