Why Germany Rejected Greece's Peace Offering

From Germany's perspective, Greece still hasn't offered a real compromise.

Nein means nein.

Photo by Sean Gallup/Getty Images

The optics of today's events in Europe, admittedly, were bad. Greece seems to have come crawling to its creditors asking for an extension of its current bailout -- something it has resisted doing for weeks -- only for Germany to arrogantly dismiss the request. 

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