Dr. Oliver Marc Hartwich 07.12.2011 21:52 +Feedback
Germany’s blissful euro ignorance
The whole world is watching to see what Germany’s next steps in the euro crisis will be. Will Angela Merkel finally agree to a Europe-wide debt pooling? Will the Bundesbank let the ECB at last print the trillions needed by bankrupt governments? Can the German coalition survive the Free Democrats’ referendum on the new euro rescue mechanism?
No doubt Germany is the pivotal player in the eurozone’s death struggle. Whatever Germany does next may keep the euro alive, inflate it, blow it up, condemn Italy to debt deflation, spark civil unrest in Greece, tip French banks into the abyss, end the European Union, or maybe even lead the continent to economic recovery.
But what are the Germans really concerned with? Well, judging by the most reported news stories in Germany it is certainly not the euro crisis.
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Kategorie(n): Inland Ausland Wirtschaft