WILL A FRENCH KISS AND A GOOD SAUSAGE SAVE THE EUROZONE?
Oct 26th, 2011 by haileyrae
Since the fall of the wall in 1989, Germany has struggled with reunification and the rebuilding of their infrastructure. Despite these colossal undertakings,
Germany has emerged with the strongest economy in Europe.
It’s not surprising then that when they’re asked, as a reward for all their diligence, to bail out most of the rest of the Eurozone, that their kraut’s gone a bit sour.
Greece, Italy and Spain are all in need of huge cash infusions to avoid economic collapse. The average German is resentful of the fact that his tax money must now be spent to bolster up what he sees as incompetent and corrupt regimes with no guarantee of a successful outcome. It’s enough to cramp a leader’s hosen.
The French, with Europe’s second most buoyant economy, must also throw money into the hat. In addition to being equally indignant, they disagree with the Germans as to how to proceed. …but of course!
Should an accord as to how to avoid economic meltdown in the Eurozone be reached and implemented, and should these bailouts put the defaulters back in the black, then the resentment and frustrations may cool.
Should they fail, then the breakdown of the Eurozone is highly probable and we’ll all be eating pickled cabbage.
Erlanger, Steven; Kulish, Nicholas. “Germany and France Back Greece on Austerity Effort.” The New York Times. September 14, 2011