Having followed the German political scene closely for the last five months, it is clear to me that almost the entire German political establishment is out of its depth, ideological, sometimes smug, apt to view the EMU debt-crisis as a Calvinist morality tale, and lacking in deep understanding of what it has got itself into.
One can understand German worries about money printing – and especially the loss of fiscal sovereignty and democratic control – but matters have already moved on. It is too late for that.
via America and China must crush Germany into submission – Telegraph Blogs.
Well this would come from an Englishman….and from a country thats spent its way into oblivion and now expects a saving nation to pay its debts…
This is a very provocative headline and a very arrogant thing to say..who does he think he is?
It is provocative. If anything it will stiffen German resistance to any form of compromise. The longer this goes on, the worse the chances appear for saving the euro.