Germany can probably be guilted into trying to save Europe for awhile longer. The German public doesn’t like it and has taken their wrath out on the ruling conservatives, but the social/left party’s are even more wedded to a united Europe and will do the same thing.
It’s all just kicking the can down the road. The bottom line is European nations can’t afford their social welfare states - and those burdens are only growing. It’s just a matter of time till things really go bad, but they can probably kick the can for a few more years. Expect Germany to do all the things they claim they’d never do now in effort to save the Euro - it might buy them some breathing room but it won’t solve the problems.
“Germany can probably be guilted into trying to save Europe for awhile longer.”
The germans are in a classic “you loose whatever you do” situation.
- If they admit to bailout the whole EU they’re economy is doomed.
- If they deny the bailout, the Euro breaks apart and their export based economy is doomed.
We bailed out california by printing money :-) Something i can understand they really don’t want to do.