Posted on 09/02/2012 5:06:46 PM PDT by Olog-hai
Last year, Germany went out on a limb by calling for political union in Europe. The idea was met with little enthusiasm elsewhere in the eurozone, but particularly in France.
After the election of French President François Hollande in May, it seemed that views of the EU's foremost political duo could not be further apart.
But the mood has since changed, and serious plans are underway to create—if not a full political union, then something close to it. …
Meanwhile, EU council president Herman Van Rompuy and others are drawing up a paper to upgrade the eurozone, which will be discussed by EU leaders at a summit on 18-19 October. It will include elements for a political union, but also for a fiscal union—surrendering more budgetary powers to Brussels—considered key for the survival of the single currency. …
(Excerpt) Read more at euobserver.com ...
fifth wheels?
They’d be the puppet states
Maybe, but I think that if Germany could cut a new deal with France (and maybe Britain) and cut Greece, Italy and Spain loose, they would do so in a heartbeat.
You guys are soooo twentieth century. Brown shirts and jack boots are so declasse.
Loose to where? They were put in the union in the first place not because of their wealth but because of their strategic advantage. The EU’s long-term outlook is hawkish.
Larry Bond?
Loose to anywhere but access to the German treasury, I would presume.
So the lesson Germany took from the World Wars was to not use military force in trying to conquer Europe. Of course, it’s still trying to conquer Europe.
They don’t have such access. They have loans whose terms are quite draconic and demand this political union as one of the terms, though.
Err, make that draconian. They also have to pay off the tanks and other armaments that they bought from Germany before anything else as part of the deal. There’s a lot going on there that is more than merely fishy.
1940 and it took roughly 6 weeks to accomplish!
It didn’t work so well for the French.
Which in the end, may have been a blessing in disguise.....A long drawn out war, may have worn down the British, French and German Armies, allowing Stalin to swoop in and take all of Europe.
Okay, Germany calls for a reformulation of the terms of the European Union. A constitutional convention if you will. During the convention, new standards are formulated, which, son of a gun, exclude spendthrift nations like Italy and Greece. The excluded nations can become members as soon as they get their budget problems in check (yeah right). This happens so quickly and unexpectedly, that almost everyone is taken by suprise. A new currency the Northern Euro or Neuro, comes into being. The old Euro collapses, and the resulting hyperinflation devestates the economies of Greece, Spain and Italy. Germany reiterates that the Mediterranean countries are more than welcome into the Northern European Union, as soon as they achieve fiscal reponsibilty (yeah right). China converts as many dollars as it can into Neuros, causing the dollar to collapse. Interest rates are driven up to stop the sell off. The United States economy goes into free-fall. Stop me if you have heard enough...
See my tagline.
The Frogs are so good at surrendering before a shot is even fired...
You can stop. If southern Europe goes into the tank, Germany is right behind them. Those countries represent a large market for Germany’s export based economy and German banks have billions in loans there. That is why Merkel is desparate to find a solution. I don’t think there is a solution other than to let the countries go bankrupt, revert to soverign currencies and let the market work things out. Anyway, the dollar is going to the winner in this even though we are bystanders.
Well the goods news such as it is or will be is that at the time the PIGS default, we will still be broke and there would be little that we could do. Second, while I am not a Romney cheerleader, I believe he will be our next President and will bring, along with Paul Ryan, a clear headed business approach to economic matters. There is no way Romney or Ryan would think that grabbing a falling anvil that is the Euro would be a great idea.
Yes! He was a concert pianist who emigrated from behind the Iron Curtain when the USSR invaded his country around 1956.
I'm emailing the guy that turned me on to him because I'm having a senior moment regarding his name. It was a wonderful book from someone with the perfect perspective/experiences to make it all understandable. I'm looking for my signed copy...
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