It’s getting ugly here, folks. Ugly and angry (and that makes everybody happy here).
“We’ve had enough!” Germany’s Bildzeitung readers read. “We’re spending hundreds of billions of euros to save the Greeks and now a referendum there should make clear whether they want to be saved at all. Now we want our own referendum: no more billions for the Greeks, Greece out of the euro!”
Place your vote here: “Yes, keep throwing money at them!” or “No, not another cent for bankrupt Greece, take the euro away!”
Die renommierte FAZ fragte gestern, „warum eigentlich die Griechen darüber abstimmen dürfen, ob sie gerettet werden wollen, nicht aber die Deutschen, ob sie und ihre Kinder für solche Zwecke Bürgschaften in Milliardenhöhe schultern möchten“.

My understanding is that the Greeks are going to sacrifice a couple of German virgins to decide on the referendum. The problem so far seems obvious…!
Because Merkel is a coward?
Because the German economy has vaulted forward on the devalued Euro, despite the fact that it’s value is too high and mismatched to the Club Med economies.