Italian PM: Show Me The Money
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  • Anthony

    “It was France who insisted on it as the price for German unification…. The kernal of truth in the accusations is that German banks are not guilt free.”

    This (euro crisis) has been interminable.

  • While a good column, I’d note the use of certain nouns as perhaps obfuscating the real issue. Sure, one can blame the “French” and the “Germans” and the other nations for all the problems, but the fact of the matter is that no nation now using the euro allowed its citizens to vote on giving up this level of sovereignty. Those who were allowed to vote on using the euro uniformly rejected it.

    It would be more accurate to substitue “the Fench government” for every use of the term “the French,” would it not? Similarly for all other euro nations mentioned.

    It was the governments that made this mess, not the people – other than indirectly in voting for their representatives, though they don’t even do that for the EU parliament, a truly un-representative and unaccountable, undemocratic governing body. And it is becoming increasingly difficult to view any european government as “democratic” any longer.

    It seems, once again, history has shown the people to be more substantive and more accurate in their ideas and view of their own future than those who govern/rule them. It would be (very) wise for American in the Center to take notice of this prior to 6 Nov.

  • Kenny
  • Otiose8

    Once Germany’s slippery slide out of the Euro begins I doubt that they will accept any sort of currency union with another political entity after these recent experiences with trying to coordinate/persuade other sovereign countries to follow responsible fiscal policies. It won’t matter how well behaved those potential future partners are now. So it will be the German Mark or Euro.

    The harsh words we’ve been hearing in response to German reluctance to cough up the money are nothing compared to what’s coming when the Euro/pean family begins its breakup. That breakup can’t be avoided – there are just too many relatives in the family who have grown accustomed to a lifestyle beyond their means (earning power and now debt capacity) and there aren’t enough paying Germans to go around to maintain the illusion of sovereignty.

  • Kris

    “Fourth Reich”

    Well, if we’re going to bring out those tropes, who would we rather see bitter and resentful, Club Med or Germany?

  • Corlyss

    Well, there were two Reichs before the third. According to some perceptive historians, Europe’s 20th century history has been the history of attempts to recreate the first. Obviously there’s something instinctively attractive about that one that Europeans have been trying to recreate: safety, security, a common language (Latin), something that they haven’t had since those halcyon days.

  • john haskell

    Yeah the Germans never wanted it in the first place. They just went along because they were under French military occupation.

    The reality, of course, is that the French had no power to stop German reunification, and that Helmut Kohl rammed through the Euro against significant domestic opposition.

  • Snorri Godhi

    “The problem once again is France: it doesn’t want to be relegated to the second tier currency”

    Nobody in Europe wants to be relegated to a second tier currency, and that’s not because of national pride: it’s because, unlike you, Europeans are not Keynesians.

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