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.
Thursday, February 23, 2012
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.
Republican Debate - Review
BBC News: Reports that Republican frontrunner former Senator Rick Santorum came under attack from other Republican Candidates in the Republican Debate. At the end this blog called it a split decision, it can be argued that both Romney and Santorum had a good night, Santorum showed he could deal with a combative attacks from fellow candidates. His one weak area is his arguments on social issues, they are very Conservative, and hurt him with Independent voters in a General Election. While Romney showed he could be tough but without losing his cool, also his answers on the Middle East that he could go toe to toe with President Obama in a Foreign Policy Debate. The Brains on the set was former Speaker Newt Gingrich, his vast knowledge showed, but will it help him, he needed to keep his answer short and to the point. As to Congressman Paul, he is crank, he makes Neville Chamberlain look tough, a crank in other words folks. His Iran position was so weak it would be funny if the issue was not so serious. Thus Super Tuesday comes folks, lets see who has the BIG MO.
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