So… Germany did not like to hear what it was told at the G20. Which was quite simple really. And something Germany should have been the first to relate to. Simply put, the message for Europe (that means Germany of course… but we shall come to this), was ‘Get your house in order and we shall see what we can do’.
Basically it is Germany’s own message to her own dominions. Isn’t that what Greece and the other GIPSIs are being told by Germany herself? Get your house in order!!! Never mind how. Kill off half your population, let the rest work for a starvation wage, but get your house in order!
So Germany was told that no new moneys could be forthcoming through the IMF if the Eurozone itself did not put more into their own slush funds, the EFSF and EMS (and E whatever else for that matter). The Eurozone is perfectly able to do so. But the problem is The Frau doesn’t want to! So there!
Just who are these third world former colonies to tell the Great Germany what it should be doing? So The Frau has gone into a sulk and decided to scrap the meeting of Euroland Ministers of Finances due to be held at the beginning of the month because The Frau doesn’t even want to talk about it! And if The Frau doesn’t want it, then that is final.
Which brings us to the real problem of the European Union. Which is not the sovereign debt crisis, nor the deep recession it is facing, nor the budget deficits, but its very identity.
Just what is the European Union today? Deutschland with its lebensraum. That’s it. Whatever The Frau gets into her limited little brain is what becomes law for the rest. Sort of what Lola wants Lola gets. I thought this version in Greek with Italian subtitles was quite fitting.