Wednesday, November 23, 2011

Germany’s Only Concern Is …

... Germany! That’s what David Beckworth explains quite well today in a Seeking Alpha post. Meanwhile, the rest of the eurozone is marching to "Eurogeddon".

There are two possible explanations: either the German public does not fully appreciate the consequences for Germany itself of a severe recession or even an economic collapse in the rest of the zone, and believe they can rapidly force the other countries of the zone to become more “German-like”, or, in the case the eurozone breaks up, they expect to return happily to their “beloved Deutsche Mark with a relatively resilient German economy”.

My comment: Maybe the only solution for the coming crisis in a Europe completely lacking of any “affectio societatis” is to let Germany break free from the euro ….

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