&host=www.rt.com&uri=/news/germany-interests-euro-eu/&via=1.1 8.254.9.143:80 (Footprint 4.8/FPMCP)&ua=CCBot/1.0 (+http://www.commoncrawl.org/bot.html))
“We forgot that Germany has interests of its own” – author
Published: 13 October, 2010, 12:48
Edited: 14 October, 2010, 12:31
TAGS: EU, Politics, Europe, Economy
It is not the people of Germany but rather the political class, that wants to support the euro, said business consultant and author, Professor Max Otte.
“The political class almost unanimously wants it supported. There are some dissidents, but it is part of the German reason of state that we are good Europeans, we are good citizens of the world,” he said.
“We forgot that Germany also has national interests of its own. Of course, we should cooperate. Of course, we should be good partners, but we do not have to do everything. The political class is firmly behind the euro, so in this case it does not matter what the population is thinking.”
13.10.2010, 11:27
4 comments
Better off on benefits: state blamed for UK’s lazy unemployment cycleNearly one in eight British households has no breadwinner. The new figures, from the Centre for Policy Studies, rank the UK top of the household jobless table, compared to other major EU countries. |
13.10.2010, 16:23
5 comments
Man jailed for kidnapping drug addicts and forcing them into rehabThe 23-year-old head of a controversial Russian drug clinic has been sentenced to 3.5 years in jail for abducting addicts and forcing them into rehabilitation. |
Yes - the article describes the situation quite well. The politicians are so obsessed with the idea of a federal "United States of Europe", they are oblivious to all else. Even the EUs own rules have been set aside when allowing entry to new member states who have not met the accession criteria or when allowing budget overspend to soar above EU limits, leading to the crisis with the Euro. Germans thought that, with the ECB located in Germany, the Euro would be a strong currency like the DM - but they forgot that they don't have fiscal control over the activities of other Euroland states.
At last! Someone who understands! Thanks for potsnig!