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They were published on Sunday by Bild, but are really hitting headlines now.
The German paper claims to have obtained a copy of the â?¬80bn eurozone bailout agreement for Greece — and is “exposing” the secret clauses that let ze Germans (and others) off the hook.
The Bild article is available here, click below to see the purported documents:
We’ve (roughly) translated and summarised the main points from the Bild story for you below:
The last two points are really where the contention comes in, as it looks, at first blush, like eurozone countries have just given themselves a lot of leeway to avoid das Bailout. A complaint, for instance, has already been filed in the German courts challenging the legal status of the move.
No surprise then, that the Bild article ends with the below “plain language” summary for its readers:
Klartext: Entscheidet das deutsche Bundesverfassungsgericht gegen die Euro-Milliarden-Hilfe, ist unser Vertrag mit den Griechen nichtig. Wir müssen nichts mehr zahlen!
In English, that’s:
If the German Federal Constitutional Court decides against the â?¬1bn assistance, our contract with the Greeks will be void. We don’t have to pay anymore!
Related links: Who’s buying Greek bonds? – FT Alphaville Handelsblatt illustrates German opposition "“ The Big Picture Germany’s plan to deal with budget transgressors - FT Alphaville
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