We’re close-fisted because it’s one of our defining national obsessive compulsive disorders and the one over which we have the least control.
When it comes to the euro crisis, Germany is about to be slapped around a bit by some folks at the Davos World Economic Forum for not being willing to make more money available than it already has. There is not enough money in circulation in Europe, they believe, yet this is necessary for certain ailing economies to be able to crawl back out into growth again.
Germany’s critics also believe that more money needs to be set aside for the European “safety chute” fund, something Germany steadfastly refuses to do. This extra capital would convince financial market investors that the euro is properly “covered.”
Needless to say, the Germans will listen politely and refuse to budge an inch, their fists tightening automatically, close-fistedness being one of their defining national obsessive compulsive disorders and the one over which they have the least control.
What can I say? This is New Europe, people. Germany does what it wants and everybody else here has to like it.
Für die deutsche Delegation geht es in diesem Jahr nicht so gemütlich zu wie üblich.