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Sunday, June 10, 2012

Those Darn Germans

Those Darn Germans:

As all this unfolds, all eyes will be on Germany, which, at the end of the day, is the essential guarantor for all such infusions and bailouts.  The French have a significant role to play, as do other nations with communal interests, but the French are already backpedaling under Hollande from facing the consequences of their own excesses, and with Britain still on the euro-sidelines and the Swiss secretly rejoicing in their stubborn independence, Germany remains the Fort Knox of Europe.  And Greece?  Well, a nation that prides itself on how well they dance now confronts the grim moment when the music stops, and the piper must be paid.  It looks like he’ll have to accept drachmas.

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