Gernany: Save or Destroy the Euro?
German Chancellor Angela Merkel defended her demands for tough new bailout rules on Monday by telling her party she was determined to create a new “culture of stability” in Europe. But other EU leaders are warning that her plan is scaring investors and could reignite the euro crisis…
“Everything is at stake — if the euro fails, then Europe will fail,” Merkel told delegates at the party congress of her conservative Christian Democratic Union (CDU) in Karlsruhe, southwestern Germany. Market “excesses” caused the crisis and “markets have to bear the consequences of their actions,” she said. “It’s up to us. It’s our task to create a new anchor for a culture of stability in Europe.”
http://www.spiegel.de/international/europe/0,1518,729272,00.html
Personally, I trust Merkel and her right-wing philosophy.
The destruction of the euro will hurt Americans.
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