LATEST NEWS : Plight of Germany – Down For the Count?

When the final epitaph is written on the decline and fall of Germany, how will it review Merkel? With fond memories or the catalyst of doom? In the background of the war rhetoric against Russia, the European financial crisis continues to smolder where the stench is starting to be noticed as the Euro keep declining. European Central Bank continues to hold interest rates lower than ever before in a vain hope that someone will borrow from a banking system not interested in lending. Add to this mess, the ECB plans to buy dangerous credit securitization to save the banks, but this highly questionable that this will save anything. With various free trade agreements Merkel hopes on hope that some major international corporations will open up new possibilities and save the day. She ignores the global economic trend headed into recession and is thus praying only to false gods. None of this appears very hopeful and the burden upon the German middle class continues to grow. In a desperate measure, the EU considers simply plundering the ESM bailout fund, which was supposed to stimulate the ailing economies in southern Europe. Now France is bankrupt and the economic cancer is eating away at Germany undermining the Euro for that is all that is left to prop up a dying currency without a nation.

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