Wednesday, May 5, 2010

Germany Rules!

“Germany … Undisputed Master of Europe”

By Ron Fraser

Amid the European Union’s time of greatest crisis, Germany becomes, yet once again, its master.
Among the few clear-eyed observers of the continent of Europe, the Telegraph’s Ambrose Evans-Pritchard observes the European Union from a true realist’s perspective. As such, he was one of very few indeed who saw the historic poignancy of two of the world’s top bankers meeting with Germany’s chancellor last week. “The heads of the European Central Bank and the International Monetary Fund made a joint pilgrimage to Berlin, pleading with lawmakers in the Bundestag to throw their full weight behind rescue efforts before the chain reaction spreads to Portugal and the rest of the emu periphery,” he wrote. “Their presence as supplicants in Berlin marks the symbolic moment when Germany appears the undisputed master of Europe” (April 28; emphasis mine throughout).
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