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Germany never stopped defending its core interests(or what it sees as such), witness the Ost-Politik and the creation of the ECB.

So the enlargement to 27 and the creation of the Euro were Germany's interest and have worked in Germany's interest, and now they refuse to give something back.

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Tue Apr 13th, 2010 at 08:55:20 AM EST
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It may not be so much the problem of not giving something back, as the apparent blindness to where Germany's interests really lie.

A broken euro and single market are not in Germany's interest. If the single currency were to collapse, the mark would suffer a pretty massive revaluation relative to other European currencies, not to speak of the return of borders and tariffs. That may be an extreme scenario. But the German attitude seems to be "wherever it's heading, it's not our problem".

But it is.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Apr 13th, 2010 at 10:21:37 AM EST
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Well, Germany could always just let Greece default. How bad could that hurt them?  :-)

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Apr 13th, 2010 at 03:28:50 PM EST
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