Economic Historian: 'Germany Was Biggest Debt Transgressor of 20th Century' - SPIEGEL ONLINE - News - International. SPIEGEL ONLINE: Mr.
Ritschl, Germany is coming across like a know-it-all in the debate over aid for Greece. Berlin is intransigent and is demanding obedience from Athens. Is this attitude justified? Ritschl: No, there is no basis for it. UK, Germany vie for influence in debt-hit EU. Germany and France examine 'two-tier' euro. A two-tier monetary system in the 16-member euro zone is being examined as a "plan B".
"The philosophy is the stronger countries might need to move away from countries they can't afford to bail-out," said the official. "As a way of containing the damage, they may have to do something dramatic, though obviously in the short term implementation is difficult. "It's an act of desperation.