Abstract
Germany and France relations during the Euro crisis implied some disagreements. It started when the European Union decided to manage the global economic crisis at the European stage. It decided to especially manage the case of Greece which is the symbol of the beginning of the Euro zone debt crisis. Indeed, when Georges Papandréou became the Prime Minister in October 2009, he discovered that the former government has hidden some crucial financial points about Greece. The public deficit was not 6% but 12.9%, the public debt represented 115% of the GDP and there was a real problem of tax evasion.
Emergency measures were taken with an austerity plan but were not sufficient. Germany was immediately reluctant to help Greece because of several reasons: the huge economical effort since the reunification, the pressure from the opinion, the Minister of Finance, the elections and the promises made at the Euro beginning not to help the indebted states.But Greece was not the only targeted state. Indeed, there were also Ireland, Portugal and Spain. They are cold the PIGS states. Ireland, Portugal and Spain had troubles because they based their growth on real estate, a sector which collapsed with the global crisis, so that these states made efforts, especially Ireland, then Spain and finally Portugal. But it was also not enough.
