Monday, August 29, 2011

Germany and Bailouts




Telegraph: Reports that German Coalition Government could fracture after the Merkel agreement to spend more on the Eurozone bailout, Chancellor Merkel would need the German opposition to support the move to pass the German Parliament. This is the problem with the EU folks, leaders within the Eurozone seem to accept the EU line before thinking about the VOTERS, in the old days that was called brainwashing, to bailout the PIIGS folks we are talking Trillions, that is something the EU does not have, the welfare state is destroying the system that created it, after the EU goes over a cliff with debt the entire welfare system of the EU will have to be reformed, people are going to get hurt, but only after that painful event will the EU march on, the debt crisis is a cancer at the heart of the Euro and EU.

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