Posted by talleyrand on 6th of Sep 2011 at 10:26 am
I beg to differ...
The opposition parties SPD and Grunen in the Bundestag already
stated that they will vote for more payments, Euro-bonds and so
on.
There is a vast majority in the political class that argues
there is no alternative for Germany other than the European
unification.
Other opinions get marginalized by calling them nationalism and
and by evoking fear of the historical tensions between European
nations.
So the Germans will pay, as they did the last 60 years.
The only question is: Will there be a centralized financial
control led by the biggest payer, which would be Germany, or will
Germany pay without having influence.
to Parliamentary influence/control. It does raise the question,
though, of what happens when the ECB/EU policies fail even more
dramatically in the markets. Is there not a point at which basic,
decent German self-interest kicks in to say no more (nationalism
& history be damned)? I realize that German interests lie on
both sides at this point (ultimately people vs. banks there as in
the US).
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I beg to differ... The opposition
Any European members here care to share their insights on ...
Posted by talleyrand on 6th of Sep 2011 at 10:26 am
I beg to differ...
The opposition parties SPD and Grunen in the Bundestag already stated that they will vote for more payments, Euro-bonds and so on.
There is a vast majority in the political class that argues there is no alternative for Germany other than the European unification.
Other opinions get marginalized by calling them nationalism and and by evoking fear of the historical tensions between European nations.
So the Germans will pay, as they did the last 60 years.
The only question is: Will there be a centralized financial control led by the biggest payer, which would be Germany, or will Germany pay without having influence.
You are right about this next move...
Posted by lessarda on 6th of Sep 2011 at 10:48 am
to Parliamentary influence/control. It does raise the question, though, of what happens when the ECB/EU policies fail even more dramatically in the markets. Is there not a point at which basic, decent German self-interest kicks in to say no more (nationalism & history be damned)? I realize that German interests lie on both sides at this point (ultimately people vs. banks there as in the US).