• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
greek debt crisis

German-led demands to Greece trigger fierce social media backlash

By
Reuters
Reuters
and
Fortune Editors
Fortune Editors
Down Arrow Button Icon
By
Reuters
Reuters
and
Fortune Editors
Fortune Editors
Down Arrow Button Icon
July 12, 2015, 11:51 PM ET
Greek Finance Minister Yanis Varoufakis Attends News Conference With Germany's Finance Minister Wolfgang Schaeuble
Wolfgang Schaeuble, Germany's finance minister, looks on during a news conference with Yanis Varoufakis, Greece's finance minister, at the Chancellery in Berlin, Germany, on Thursday, Feb. 5, 2015. The meeting comes hours after Greece lost a critical funding artery when the European Central Bank restricted loans to its financial system. Photographer: Krisztian Bocsi/Bloomberg via Getty ImagesPhotograph by Krisztian Bocsi — Bloomberg via Getty Images

A list of demands handed to the Greek government in order to secure a European bailout inspired a social media backlash against Germany and its hawkish finance minister, Wolfgang Schaeuble.

#ThisIsACoup was the second top trending hashtag on Twitter worldwide – and top in Germany and Greece – as euro zone leaders argued through the night to convince Greek Prime Minister Alexis Tsipras to take the deal or face bankruptcy and his country’s expulsion from the EU’s common currency area.

https://twitter.com/NikThalia/status/620431411611308032

 

#ThisIsACoup pic.twitter.com/6Jv98Pe3K7

— Agg (@aggelikiee) July 13, 2015

 

The tag was attached to tens of thousands of angry comments denouncing German-inspired proposals for EU-directed reforms of Greece’s public administration and demands that Athens pass new laws within days to raise taxes and cut back on pensions.

It was given impetus when Paul Krugman, the Nobel laureate economist, praised it on his New York Times blog: “The trending hashtag ThisIsACoup is exactly right,” he wrote. “This goes beyond harsh into pure vindictiveness, complete destruction of national sovereignty, and no hope of relief.

“It is, presumably, meant to be an offer Greece can’t accept; but even so, it’s a grotesque betrayal of everything the European project was supposed to stand for.”

Among other elements of the EU proposals that outraged some commentators was a suggestion that some 50 billion euros ($56 billion) of Greek public assets be placed in an independent trust based in Luxembourg, out of reach of Greek politicians, the proceeds of which from privatisations would go directly to pay off debts.

The hashtag appeared to originate on Sunday evening from Sandro Maccarrone, who describes himself as a physics teacher from Barcelona. He tweeted: “The Eurogroup proposal is a covert coup d’etat against the Greek people. #ThisIsACoup.”

Within hours it had been used nearly 200,000 times.

Food for thought #ThisIsACoup #TsiprasLeaveEUSummit pic.twitter.com/vdLto8JAWB

— Anideos Nekros (@AnideosNekros) July 13, 2015

 

#ThisIsACoup "There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt." – John Adams (1735-1826)

— Myles Dyer 🔜 WASD (@MylesDyer) July 12, 2015

 

Barbara Lochbihler, a member of the European Parliament for Germany’s Greens party, tweeted: “They talk about trust. Only to draft a proposal that is pure humiliation. Brilliant idea. #ThisIsACoup.”

Pictures tweeted with the hashtag included Schaeuble branded with a swastika and the blue European flag with its circle of gold stars rearranged into the same Nazi symbol. Common, too, were images from Germany’s World War Two occupation of Greece. Schaeuble was the parodists’ preferred target, rather than Chancellor Angela Merkel, alternately depicted as the Grim Reaper, a Nazi and an Islamic State executioner.

https://twitter.com/gavalore/status/620429790009511936

A week earlier, government-sponsored posters had used a photo of Schaeuble to urge Greeks to vote ‘no’ to further austerity in a referendum, saying “he’s drained your blood for five years.”

The anger reflects a running current of ill-feeling between Greeks, who elected Tsipras’s radical leftist party in January to end five years of painful austerity demanded by creditors, led by Germany, the euro zone’s dominant economic power.

#Greece #ThisIsACoup #Merkel #EuroSummit pic.twitter.com/N93oGkGq83

— Zane Zodrow (@ZaneZodrow) July 13, 2015

About the Authors
By Reuters
See full bioRight Arrow Button Icon
Fortune Editors
By Fortune Editors
See full bioRight Arrow Button Icon

Latest in International

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
Real Estate
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
By Fortune EditorsApril 2, 2026
10 hours ago
Current price of gold as of April 1, 2026
Personal Finance
Current price of gold as of April 1, 2026
By Fortune EditorsApril 1, 2026
1 day ago
Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
Success
Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
By Fortune EditorsMarch 31, 2026
2 days ago
Current price of oil as of April 1, 2026
Personal Finance
Current price of oil as of April 1, 2026
By Fortune EditorsApril 1, 2026
1 day ago
Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
Economy
Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
By Fortune EditorsMarch 30, 2026
3 days ago
Deutsche Bank asked AI if it’s true that AI will solve the economy’s inflation problems. The robots answered
Economy
Deutsche Bank asked AI if it’s true that AI will solve the economy’s inflation problems. The robots answered
By Fortune EditorsApril 1, 2026
22 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.