Germany led the way with regard to the Euro, due mainly to the enormous
financial benefits it would reap. There is no problem with that if we accept
that nation states should act in their own best interest...."Bundestag president
Norbert Lammert said parliament’s integrity cannot be subordinated to the ups
and downs of the markets. Free Democrat (FDP) leaders said Italy’s unelected
prime minister is playing with political fire by trying to circumvent democratic
legitimacy.
The dispute comes as relations between Germany and Italy touch the lowest ebb
since the Second World War, with Il Giornale publishing a front-page
picture of Chancellor Angela Merkel under the headline “Fourth Reich”. "..This
is funny... the Germans complaining about Mr Monti not being elected... He was
elected... by Merkel and Sarkozy!!! and their puppy Barroso...Wait for
Berlusconi to come back with a proper election in Italy and see where you are
with your Euro! However, Germany now insists that there must be financial union
to support this currency; but on Germany's terms, and with no risk to their
financial systems. It is not good enough to state that they are paying for the
bailouts - the idea of the EU is that all are equal and it is their DUTY to give
this support. If they believe differently then they can hardly be called "good
europeans".The euro, as predicted from the very beginning, has proved to be in
nobody's long-term interests; it gave a short term limited boost to to weaker
economies but has ended up being the agent of destruction for their economies.
It was only ever the zealot's attempt to create the EUSSR as a single country.
Well, hell mend them. Let it go and stop pouring good money after bad keeping it
up. I've yet to meet any French or Germans who want to keep the Euro.
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