In most business, the man with the money calls the shots.
Germany has the money.
The bulk of Western Europe - and all of their Banksters - want the Euro and the EU to survive.
In steps Merkel, with the power to break the EU...and the power to save.
The cost? Political power shifts to Berlin from Brussels.
Watch and see. She will get her way, or she will let the EU crash, then she'll buy the ruins for pennies on the dollar...
Kerodin
III
She will have to pick a course soon. S&P has put them on notice for a possible down grade.
ReplyDeleteI watch Germany closely. When Germany moves, it takes the entire world to stop it.
ReplyDeleteTwo years ago, Denninger wrote, "Angela Merkel clanks when she walks". She will face down the Brussels based Euro weenies and do what she thinks is in their best-interest. I won't pretend to know.
ReplyDeleteAll we can do is watch.