The last few months in Europe have put economic historians, economists and political economists back in business, especially those fascinated in studying financial crises. The focus now seems to be on gauging
the politico-economic crisis unfolding post an intense round of periodic negotiations between a debt-ridden Greece and its creditors (including Germany). The deal finally made may even lead to the worsening of the Greek economic situation in the future. The entire process of how Greece has been made to accept some tough reform proposals and conditions for a bailout fund has been a painful watch, especially because of the role played by Germany in managing these with other members of European Union and institutions like the IMF, European Central Bank (ECB).