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Jim Sinclair’s Commentary
Here is an interesting discussion in Europe, not in Western MSM.
Germany Considers Holding EU Referendum
By Florian Gathmann and Philipp Wittrock
A bottle of liquor and a half-empty glass stand on the table next to Angela Merkel, who is studying a confidential document with a sullen expression. "How to Break Up the Euro," is the title.
That, at least, is how Britain’s Economist imagines the chancellor’s predicament these days. "Tempted, Angela?" is the headline on the cover of the current issue.
Indeed, the chancellor is in a tricky position at the moment, as she fails to get the euro crisis under control. Of course, theEconomist’s notion of a secret plan to break up the euro zone is purely fictitious. But it fits into the current debate, where more and more politicians from Germany’s coalition government are talking about radical steps to solve the euro crisis.
Officially, though, Merkel’s line is that she wants more Europe, not less.
In the chancellor’s bid to save the common currency, she is willing to go to the very limits of what is permissible under the German constitution.
That was made clear by her support for the permanent euro rescue fund, the European Stability Mechanism (ESM), and her pet project, the fiscal pact. But Merkel still wants more. "We need a political union," she recently said on German public television station ARD. "That means we have to give up further competencies to Europe, step by step, in an ongoing process."
More…
"Tempted, Angela?" is the headline on the cover of the current issue.
http://cdn4.spiegel.de/images/image-...thumb-duxr.jpghttp://www.spiegel.de/static/sys/v9/icons/ic_lupe.png
Jim Sinclair’s Commentary
Here is an interesting discussion in Europe, not in Western MSM.
Germany Considers Holding EU Referendum
By Florian Gathmann and Philipp Wittrock
A bottle of liquor and a half-empty glass stand on the table next to Angela Merkel, who is studying a confidential document with a sullen expression. "How to Break Up the Euro," is the title.
That, at least, is how Britain’s Economist imagines the chancellor’s predicament these days. "Tempted, Angela?" is the headline on the cover of the current issue.
Indeed, the chancellor is in a tricky position at the moment, as she fails to get the euro crisis under control. Of course, theEconomist’s notion of a secret plan to break up the euro zone is purely fictitious. But it fits into the current debate, where more and more politicians from Germany’s coalition government are talking about radical steps to solve the euro crisis.
Officially, though, Merkel’s line is that she wants more Europe, not less.
In the chancellor’s bid to save the common currency, she is willing to go to the very limits of what is permissible under the German constitution.
That was made clear by her support for the permanent euro rescue fund, the European Stability Mechanism (ESM), and her pet project, the fiscal pact. But Merkel still wants more. "We need a political union," she recently said on German public television station ARD. "That means we have to give up further competencies to Europe, step by step, in an ongoing process."
More…
"Tempted, Angela?" is the headline on the cover of the current issue.
http://cdn4.spiegel.de/images/image-...thumb-duxr.jpghttp://www.spiegel.de/static/sys/v9/icons/ic_lupe.png
DPA / The Economist
Cover of the current issue of The Economist