Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
They will be seen as part of the Serious People who "lost the euro" and destroyed Europe in the process.

Because the only way the euro is destroyed is if France and Germany split up.

As we know, the crisis will be resolved when France (or, possibly, Italy) tells the Germans - either you pay or you treat us as second zone Europeans and you will have killed Europe and we'll all call you nazis, and the Germans will blink - or not, but of course they'll blink.

France definitely has what it takes to put the gun to Germany's head that way (which will have a price as well, even if successful); it looks like Italy could succeed too as Germany doesn't seem to want a Europe without them - and thankfully that would not involve the same kind of nasty brinkmanship and collateral damage that the French solution will entail.

Or we can somehow drag this on until the next German elections and someone with a bit more sense joins (hopefully) Hollande. Or maybe Hollande's election (hopefully) helps change the debate already - maybe not abandoning the "good European syndrome" completely but at least not going along with all the nastiest moral stuff.

btw - just like in 1981, you're beginning to read stories in France about the rich getting ready to leave the country if Hollande is elected...

Wind power

by Jerome a Paris (etg@eurotrib.com) on Sat Feb 18th, 2012 at 04:36:15 PM EST
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