Well, it's simple. Germans should be pissed off (i) at their politicians for squeezing their wages to create profits for multinationals and their owners, (ii) at their banks for blowing off that money in stupid casino bets in US subprime and Spanish real estate, (iii) at their politicians for bailing out the banks at no political or practical cost to bank managers and bondholders, (iv) at their elites for blaming Greek laziness for the stagnant wages.

German elites have managed to make the Germans appear proud to have been ripped off by their banks and elites, because it somehow makes them more virtuous than the Greek.

Greece is a distraction. German wages are the real political issue.

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