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The Donnybrook
Wednesday, April 28, 2010
Germany Climbs off Its High Horse...

After angrily denouncing fellow Euro nations who exceed spending limits and monetary policy agreements, Germany is realizing that it has no better option than to help Spain as well as Greece.
It may feel good and be good populist politics at home to angrily denounce Spain and Greece, but if those countries default, Germany loses not only its big investments in both country's debt, but it's place as the financial power and leader of the EU. Germany and France lead the charge to ease that financial rules that restrict individual EU nations were "supposed" to follow per the agreements that created the Euro. The chickens have come home to roost and Germany has no better option that aiding Spain as well as France. Welcome to the world of a real world power, Germany. Not many easy choices, even fewer popular ones.


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