France and Germany Still Press for Greek Austerity

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By Trey Thoelcke Published
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The relationship between Germany and France on the one hand and Greece on the other spins from accommodation to exasperation in an almost regular cycle. Despite support of the euro, in concept, Angela Merkel and Francois Hollande told the Greek government that they would not relent on their insistence that the southern European nation adopt radical austerity programs to get bailout funds.

Many experts expect that if Greece cannot comply, it will be forced from the European Union, which will shred the alliance. Reuters reports that Hollande recently said:

We want, I want, Greece to be in the euro zone, it’s a desire we have expressed since the start of the crisis. It’s up to the Greeks to make the effort that is essential for that goal to be met.

Hollande’s opinion probably will change if a collapse of Greece threatens the financial security of France.

Douglas A. McIntyre

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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