We always knew that the problem of German finance Minister Wolfgang Schaeuble with Greece was the left-wing government SYRIZA and that his former Greek counterpart Yanis Varoufakis was the red cloth in front of the eyes of a raging bull.

Now it is confirmed. the Austerity-obsessed German minister practically ‘rescued’ Spain and Portugal and furthermore he lobbied that the two south-European countries will not get fined for failing to meet EU’s budget deficit caps.