Should we focus on what Angela Merkel says and ignore what she actually does? Or should we ignore what she says and focus on what she actually does? This is important, because the difference between what the German chancellor says and what she actually does is widening by the day.
We hear from the German government that it is ready to do whatever is necessary to save the euro, but actually it is doing as little as possible. Every time the Germans are asked to clarify what they mean when they talk about taking actions to save the euro, they spoof and bluster – but do very little.
This raises the question whether Germany actually wants to save the euro in its present form. And if it doesn’t, what does it want?
The working assumption of the European elite and Europhiles here in Ireland is that Germany will eventually subjugate its own interests for the greater good of European solidarity.
This means in reality that the Brussels mainstream view is that Germany will ultimately accept the responsibility for paying all or part of the debts of the rest of the eurozone. Such a prospect chills many millions of German people. The assumption of the europhiles is that Germany remains, in the words of the great chancellor Willy Brandt in the 1970s, “an economic giant but a political pygmy
full article at source: http://www.davidmcwilliams.ie/2012/06/19/hard-and-soft-options
- Germany v Greece: A real Euro stress test (independent.co.uk)
- The Merkelator (standard.co.uk)
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