Monday, 27 August 2012

German economy falters under the weight of European debt

German economy falters under the weight of European debt

When the German economy collapses dramatic changes are in the offing. Just a few days ago, it was announced that the biggest economy in Europe would be badly hit by more than a trillion dollar burden that is the direct consequence of German politicians helping everybody else at the expense of the German Folk. Any other country can face financial difficulties without any major political upheaval. Not Germany.

The fear of banks closing down and the images of people keeping warm themselves up burning worthless banknotes lie deep in the German psyche. With the coming of age of younger generations that are not going to be made to feel guilty by the ghosts of World War Two and the failure of so called mainstream political parties to respect the rights of German workers, Pandora’s box is wide open and everything is at stake.

At the end of World War One, the Treaty of Versailles planted the seeds of the Third Reich. Blinded by hatred and thirst of revenge against its old foe, France created the conditions for National Socialism’s rise to power. At the end of World War Two, the Allies were much more intelligent and used a Marshall Plan instead to rebuild Germany. A new economic boom, transformed Western Germany into a very prosperous and democratic society. Now, financial crooks based in the USA engaged in an orgy of greed and fraud and created the conditions that have transformed Europe for the worse.

1929/1939, 2006/2016? When Greece, Italy, Spain, Portugal and others including France find themselves unable to pay their debts, creditors are going to knock at the doors of the German economy. The guilt trip will be over and people will be ready to sing a new song that will be dramatically different compared to the song they sang since the end of World War Two. Germany and France created the European Union with the declared aim of promoting peace in Europe and avoiding war. Paradoxically, European politicians and European bureaucrats in a rush to benefit themselves at the expense of European nations have created a fertile ground for political movements that might wipe out peace in Europe.


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