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Many rightly applaud the coalition government for maintaining a tough fiscal line.
But German diplomacy within Europe is driven by one overriding concern: to hold the fiscal line against calls for a more expansive approach.
He added that the government should be applauded "for maintaining a tough fiscal line", and urged it to hold its nerve as its pushes through deep public sector cuts.
That helps explain why the I.M.F. has started adopting a less austere stance toward debtor countries, even as countries like Germany continue to take a hard fiscal line, insisting that Athens stick to a program of lower spending and higher taxes.
Germany will no longer sign the cheques if it cannot show its electorate that Italy is toeing the fiscal line.
On the other hand, the new Prime Minister, along with his associate in government, Panos Kammenos, has the delicate task of concluding a new loan agreement with his European partners while also maintaining a tough fiscal line in order to keep the budget balanced or, in the least, not let it exceed the European benchmark of three percent of GDP.
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"The state has a structural imbalance between receipts and disbursements, so when you cross fiscal lines, it raises alarms," said Richard Marino, an analyst for Standard & Poor's.
It's a put-up-or-shut-up over-to-you move for the new Congress, which has been talking a "fiscal responsibility" line.
The longer I spent in Silicon Valley, though, the more it became clear that a great fiscal fault line had emerged between me and them.
"We don't believe that people who are making decisions about educating our children should be looking at our children on the one hand and their fiscal bottom line on the other," Mr. Street, who was elected two years ago, said.
And if remarks Wednesday by Chancellor Angela Merkel could be construed as a potential softening of Germany's fiscal hard line toward Athens, a defiant response Thursday from Greece's ascendant leftist leader indicated that few compromises on his country's debt obligations were likely before elections next month.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com