Saturday, 24 December 2011

Germany wakes up and smells the coffee

Daniel Hannan makes a very important speech concerning the powerhouse economy of Germany. I honestly think the UK is right on their stance concerning the fiscal Union, despite being isolated because of David Cameron's veto of the treaty.

Germany can't continue to be the bottomless pocket for the failing southern nations of Europe. It will allow a long term state of apathy to develop. (If it has not developed already when these nations came into the Euro currency on a level playing field along side Germany, France, Netherlands etc)  

You can't keep lending bankrupt friends money, it exasperates the situation. The southern Euro nations have to be able to claw themselves out. In the long run; bale outs will not help and the Germans, I think, are beginning to realise this.



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