France and Germany: Back in Business
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  • Corlyss

    “The time to save the euro is running out, but there is one tentative flicker of hope beaming over the stormy scene:”

    Right. How many time do we have to see this movie before we conclude this is just folks picking up ice off the Titanic decks to use in their drinks?

  • Kenny

    Hope?

    Grow up, kid.

    Look at the finances of the PIIGS.

    Look at their balance sheets, especially their liabilities.

    Look at their welfare state structure.

    And finally, look at the demographics of all of Europe.

    And after you do that with some degree of comprehension, then tell us just what it is you are hoping for, some type of fairy tale ending?

  • matt

    Europe has been on holiday for the past 2 months and not a thing has changed except for vague promises from the ECB. The results of the Troika review of Greece’s structural changes will not be revealed until late September, kicking the can further down the road.

    Spain has also been silent. QE is promised by the ECB, Fed, and the British Treasury. The European banks are overwhelmingly stuck with dodgy sovereign bonds.

    The road is approaching the cliff, and the can is so badly battered there’s not much left to kick anymore.

  • Jacksonian Libertarian

    They formed a committee, LOL. This isn’t evidence of decisive action, it’s evidence of politicians covering their [keisters].

  • Mahon

    You seem to think “saving the euro” would be a good thing in itself. But what is needed is a regime that encourages fiscal sanity, allows very different economies to return to growth in ways appropriate to each, and supports liberty and democracy in European polities. Whether this means saving the euro or destroying it is secondary, although it is hard to see how the euro can be “saved” without turning Europe into a German empire (with the French riding side-car). Which seems to be what the Eurocrats really want….

  • So Merkel’s and Hollande’s seconds have made nice. Ludwig Dehio’s theory that a series of continental powers have sought domination of Europe only to be frustrated by seapower – think Jolly Olde England – may be worth resurrecting even though his analysis stopped with 1945. Russia has tried since, but was stymied by those American cousins with their Blue Water Navy and ICBMs. The game is changing all the time but it certainly looks like Germany could achieve economic hegemony on the continent. But in the global game? China? The Anglosphere? Or perhaps all will fall before a resurgent Islamic colonialism?

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