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	<title>wondermentwoman.com &#187; Euro</title>
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	<link>http://wondermentwoman.com</link>
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		<title>Wonderment Economics</title>
		<link>http://wondermentwoman.com/2010/02/wonderment-economics/</link>
		<comments>http://wondermentwoman.com/2010/02/wonderment-economics/#comments</comments>
		<pubDate>Sun, 14 Feb 2010 16:53:00 +0000</pubDate>
		<dc:creator>Elmira Bayrasli</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[Greek financial crisis]]></category>
		<category><![CDATA[Islam]]></category>
		<category><![CDATA[Muslims]]></category>
		<category><![CDATA[Turkey]]></category>
		<category><![CDATA[Turks in Germany]]></category>

		<guid isPermaLink="false">http://wondermentwoman.com/?p=208</guid>
		<description><![CDATA[Why do I care that the Greek economy is in crisis?  Call me crazy, but I believe it can potentially heighten European xenophobia against Muslims, particularly Turks in Germany.  And we don’t need any more anti-Muslim/anti-foreigner sentiments in Europe. Greece is on the verge of bankruptcy.  As a member of the European Union, and more [...]]]></description>
			<content:encoded><![CDATA[<p>Why do I care that the Greek economy is in crisis?  Call me crazy, but I believe it can potentially heighten <a href="http://worldfocus.org/blog/2009/10/27/muslims-face-increasing-prejudice-in-xenophobic-europe/8012/">European xenophobia</a> against Muslims, particularly Turks in Germany.  And we don’t need any more anti-Muslim/anti-foreigner sentiments in Europe.</p>
<p>Greece is on the verge of bankruptcy.  As a member of the European Union, and more importantly the “Euro zone” this has become a problem for the entire club.  Many fear that it can drag <a href="http://www.economist.com/opinion/displaystory.cfm?story_id=15498241">Spain</a>, Portugal and Italy in the crisis.  That’s half the EU.  No wonder German and French leaders are scrambling hard to figure out how to rescue Athens.</p>
<p>There is speculation that <a href="http://www.spiegel.de/international/europe/0,1518,677351,00.html">Berlin</a> will have no choice but to bail out Athens.  My question is: where does Berlin get the money?  <em>Where every other government gets money, the taxpayer.</em> <a href="http://www.ft.com/cms/s/0/ec1e862a-1805-11df-91d2-00144feab49a.html">From the looks of it, Germans are not at all happy about this.</a></p>
<p>German Chancellor Angela Merkel is resisting making any announcement about financial assistance.  I fear she won’t be able to hold out any longer.  And that makes me fear even more for the nearly <a href="http://www.youtube.com/watch?v=hNQn_hshiMs" rel="shadowbox[post-208];player=swf;width=640;height=385;">two million Turks living in Germany</a>.  Like most minorities in any country, the Turks are the first to get blamed for Germany’s economic malaise.  They&#8217;re accused of taking away jobs and burdening social services.  If the German taxpayer feels they have to dole out even more in tight times in order to support &#8220;foreigners&#8221;, their patience for their country&#8217;s Turkish minority might further dissipate.</p>
<p>Is the Greek crisis the start of trouble for the Turks?</p>
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