Europe: sink or swim? The German approach to the crisis may prove to be economic and political dynamite for the EU
(Juli 2011) The crisis in the Monetary Union continues. Rearranging a few deckchairs on the flagship Europe will not do the job. With every ad hoc measure European integration threatens to be blown off course. The first prophecies of doom already warn of the EU project running aground on a sandbank. A visit to the engine room to readjust the motor of integration is therefore unavoidable. But the blueprint for this cannot simply serve the interests of the German government alone. Since debtor and creditor countries are in the same boat only a common effort will refloat the vessel.
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