Germany vs. EU/IMF

Guardian: Reports that Germany could undermine the 2nd Greek bailout because it as the article notes is “ ..refusing to bolster the firewalls set up to prevent the eurozone debt crisis from spreading. ”. This is the political demand of both the Dutch Government and the IMF, the Germans have never wanted to go that extra mile to solve the Greek problem, these endless EU meetings could have been avoided if Germany had agreed to underwrite EU bonds, but the German Supreme Court has made it clear that such an act would be against the German Constitution. This is when HISTORY can really bit you on the backside, the hyper inflation of Weimar Germany in in the 1920s is seared on the German soul. This shows the disastrous consequences of printing money, it took a wheal barrow of Germany Currency just to buy a loaf. If German was to underwrite EU bonds one can postulate that the PIIGS would not reform, and Germany would be bailing them out for ever. Lets see if this Greek deal stand folks, it might cause more problems than it solves, in Greece and Germany.