The News In Shorts

How the news would look if everyone stopped waffling and told the truth.

Tuesday, 15 May 2012

Germany Sucks The Blood Out Of Europe.

To be honest you can't blame Germany for taking the stance it has. Always productive, always efficient and always hard working, why should they pauperise themselves to save feckless countries such as Greece, Spain, Portugal and Italy? There's no reason why they should except, of course, they allowed these countries to join the Euro for purely "political" reasons knowing that they were a disaster just waiting to happen. Now, in order to save the European banking system and their own economic future, they have no choice but to force austerity down everyone else's throat. If they don't the Euro will fall apart, European banks will either fail or have to be rescued by Germany alone and the German economy will go the way of all flesh. For the French, waking up to the realisation that the austerity strategy only gives them minimal protection, the temptation to jump ship is becoming overwhelming. Which leaves Britain. Why is it persuing austerity? For the narrow ideological interests of a tiny elite intent on protecting their money while the rest of us go under. In Britain the neoliberal economic thesis is being allowed to run its course to ultimate disaster, while Germany is forcing its neighbours down the same route even as it runs for the hills itself. For the German government it is a cold equation, for Britain it is the pure vindictiveness of Tory party that has no interest other than maintaining privilege for the wealthy. Unfortunately for Angela Merkel and David Cameron the ordinary people in Europe are not content to roll over and play dead. The message is clear. They said "We're all in this together." The people have said, "OK, then you can crash and burn with the rest of us."

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