Germany in Europe: Win/Win or No Win?

So much learned commentary on Germany’s role in Europe’s financial woes, that the simple mind is definitely boggling. And it all sounds so convincing. The most predictable conspiracy theorists argue that Germany has finally achieved its WWII objectives by stealth and peaceful means – that is, the economic domination of Europe, aka the Fourth Reich.

Obviously German punters/taxpayers don’t reckon that’s a good deal, as they complain about having to foot the bill for their profligate Mediterranean cousins. But then we are informed that German banks hold large chunks of Greek and Italian (and other) government debt, so they are only helping themselves get out of some potentially large holes if sovereign debt default happens.

Other experts argue that the dastardly French imposed the Eurozone on the reunifying Germans to make sure their dreaded D-mark did not rule the European roost, and leave Le Coq Non-Sportif in the shed squawking instead of crowing. And furthermore, that latterly monetary union has backfired because the relatively weak Euro has allowed German exports to flourish.  Are you following so far?

Daniel Hannan even argues that ‘Germany no longer needs Europe’, and that the Germans should get over this whole post-WWII guilt trip, and stop propping up the bureaucratic mess that the EU is becoming.  And that nobody will hold it against them anymore, anyway.

If you were hoping to get some new wisdom and insight into all these apparently contradictory commentariat outputs, then keep searching. Let’s just hope that this heady mix of Angst and Schadenfreude is not the Vorspiel to Gotterdammerung on a grand scale. 

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