Sunday, June 10, 2012

The Germans have won - in Europe!


After close on one hundred years it seems as if the Germans have finally achieved what they have fought two World Wars over (and lost both times) – the domination of Europe. And they have not had to fire a shot!!

Germany is now the power house of Europe – justifiably so. After the end of WWII and almost total devastation Germany, with help from the USA (the Marshal Plan) pulled itself back on its economic feet with a great deal of hard work on their own part (dedication, work ethic and long hours). They have succeeded to such an extent that the German economy is now the forth largest in the world – and they have still a great deal of work to do to fully integrate the former East Germany into the German Federation.

Now under Angela Merkel and helped not least by the poor economic governance by other countries in Europe, Germany now controls Europe through its economic strength. The French might disagree – but it is true.

So, as I said at the beginning, Germany has won!

This domination - through financial controls is not, however, winning them any friends, particularly under present conditions. And poor Greece - owing 250% of its GDP to banks (mainly German)!

Now what - what happens next?

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