Eurozone Crisis and Germany

BBC News: Reports on the surprise news that Germany economy has only grew by 0.1% for the first few months of 2011, only just better that the zero growth in France. The bankers of the EU, Germany and France have gotten the Greek flue, French Banks might need a bailout due to the Greek default, the German voter is getting tired of being thought as the easy money for the rest of the EU. It can be argued that German voters see the cliff better than their supposed leaders, thus a lack of spending by Germans. The debtor nations of the EU want a EU bond to be issued that would be supported by of course German money, but that is off the table, the German Government headed by Chancellor Merkel would like to be elected this Century. The austerity packages of the PIIGS it can be argued will cut growth, lower Government employment, push more people in to welfare, thus more debt, it’s a vicious game folks. The European Central Bank as stated on my tweet page, owns Italy, it has forced the Government to bring forward its austerity package, but even the ECB cant buy bad Italian debt forever, that goes for Spain too. Either ALL the EU Countries and that includes the UK puts some big money to bailout the PIIGS and reform the EU or some of these Counties will have to be sacrificed, its matter of debt folks, sooner or later there will just be to much debt, and all the EU will go down the toilet.