Monday, September 19, 2011

Left-Right Pro-Euro Alliance in Germany?

An interesting idea, but without some serious leashing of the German banks, will the electorate actually go for a bailout and print run?

From the blog Notes from the Underground

I caution that the rise in the SPD may mean that Merkel moves to form a coalition with the PRO-EURO labor group as the EUROPHOBIC FDP is losing its standing in Germany. As the German electorate becomes more disillusioned with the DEBT CRISIS, it is not moving toward the anti-European FDP but rather to the SPD and Greens. The movement is paving the way for Frau Merkel to get the legislation necessary to enhance the EFSF that she has promised others in the EU. Even though Geithner was rebuffed it doesn’t mean that Europe–under the protective umbrella of Chancellor Merkel–won’t do the bailouts that will support the banks in Germany and France. Isn’t it IRONIC that the more Merkel loses the more probable the bailouts?

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