Ain’t no “might” about it, Fareed

If push comes to shove over here, I mean.

Why Germany might let Europe fall

The old structure of Europe rested on an extraordinary degree of German abnegation of its own interests.  The Germans believed their national interest lay in subordinating itself in every way to Europe’s broader interest.  That was what Europe was built on.

Today what people are basically asking is: “Is Europe’s debt going to be centralized or not?” In other words, is Europe going to be willing to say, “All our debt is pooled together and theoretically, as a single entity, we’ll pay it back.”

The key to this commitment is Germany. Germany is the only country that can pay.

The key to Europe’s future is how Germany conceives of its interests.

So once it gets real ugly, and it’s going to get a whole lot uglier yet, the last guy out please remember to turn off the lights.

PS: This gives “Old Europe” and “New Europe” a whole new meaning, don’t it?

One response

  1. Last one out will need to unplug the solar panel (in a country with more cloudy days than most) and switch off the wind turbine (the few that were actually constructed far away from Germans and their Precious Forests). That’s the positive scenario. Most likely, last one out will just need to piss on the campfire before leaving.

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