Monday, April 30, 2012

Hollande's 'Growth Bloc' spells end of German hegemony in Europe

For two years Germany has had its way in Europe, treating historic nations much as Bismarck treated Bavaria – sovereign only in name.

The French-led counter-attack and rumblings of revolt through every branch of the EU institutions last week have brought this aberrant phase of the eurozone crisis to an abrupt end.

"It’s not for Germany to decide for the rest of Europe," said François Hollande, soon to be French leader, unless he trips horribly next week. Strong words even for the hustings.

"If I am elected president, there will be a change in Europe's construction. We’re not just any country: we can change the situation," he said.

European allies are flocking to his cause from left and right, he claims. Not even Austria supports Germany’s austerity drive any longer.
Read the rest here.


Anastasia Theodoridis said...

Yes, well, we shall see. It'll take not one, but two miracles. First, he'll have to get elected, and you can bet the banks and other money are all on the other side. And secondly, if he does get elected, he'll have to carry through and do what he says he'll do. What are the chances of that, I wonder?

One can always hope. Miracles do happen...

The Anti-Gnostic said...

The levels of public debt in Great Britain and Europe are extremely high. Now that everybody's figured out these are real debts that have to be paid, of course everybody screams that their governments need to spend even more money. What money? How? Are they supposed to just print it? Who's supposed to pay all this debt off? The children Europeans aren't having? The immigrants who didn't incur it?

John (Ad Orientem) said...

Ding! You were correct with answer A. They will print it.

Anonymous said...

Some how thinking of the French leading Europe seems a bit...umm...nonsensical?