Interesting take on a very German view on the European crisis and what should be done.
My take is that there are very competent and even well intentioned individuals at the helm, who are continually being shut down by the bureaucratic and collective decision making process of the ECB Council. There are two options: separation or greater (fiscal this time) integration - both of which are too complicated to contemplate now. Eventually and at a much greater financial cost...they will.
The Germans are on board and will sink together with this ship or will jump to a smaller boat and sink with it too...
My take is that there are very competent and even well intentioned individuals at the helm, who are continually being shut down by the bureaucratic and collective decision making process of the ECB Council. There are two options: separation or greater (fiscal this time) integration - both of which are too complicated to contemplate now. Eventually and at a much greater financial cost...they will.
The Germans are on board and will sink together with this ship or will jump to a smaller boat and sink with it too...
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