a lot of money. That is the old British trick of trapping countries in
debt.
Germany has , in turn, trapped peripheral Europe in their own debt
trap. I hope that they are aware that by Germany not doing
that capitalistic thing and declaring their banks bankrupt, they
are forcing warfare on the rest of the Eurozone, and then some.
Of course, in realpolitik, the Germans are fighting off the destruction
of the Euro and the EU, that the US and UK want, by.....
destroying the Euro and the EU.
Of course, when you see Monti of Italy (Unelected, Goldman Sachs Party)
begging or blackmailing Germany on the issue of Eurobonds, it's
the US talking through their ambassadors to Europe, the Goldman Sachs
corporation. The Eurobonds will allow the game to continue indefinitely,
or until the US pulls the rug again.
IshitUnot: zerohedge
A Game
Of Euro Chicken From The German Perspective: "Playing Until the Germans
Lose Their Nerve"
Submitted
by Tyler Durden on 06/08/2012 12:23 -0400
The
following editorial from Spiegel has to be reposted in its entirety because it
really captures the current situation, from a German perspective, clearly,
concisely and completely. It also frames quite closely what we said 11 months
ago in "The Fatal Flaw
In Europe's "Bazooka" Bailout: 82 Million Soon To Be Very Angry
Germans, Or How Euro Bailout #2 Could Cost Up To 56% Of German GDP"
Playing
Until the Germans Lose Their Nerve
A
commentary by Jan Fleischhauer
For Germany, being
part of the European Union has always
included an element of blackmail. France has been playing this card
from the beginning, but now the Spanish
and the Greeks have mastered the game. They're banking on Berlin losing its nerve.
... The next stage in the crisis will be blatant blackmail. With
their refusal to accept money from the bailout fund to recapitalize their
banks, the Spanish are not
far from causing the entire system to explode.[CAN’T HAVE IT BOTH WAYS]
They clearly figure that the Germans will lose their nerve and agree to rehabilitate their banks for them without
demanding any guarantee in return that things will take a lasting turn for
the better.
