If Germany Doesn’t Support The Euro, Who Else Will?

The business party in Germany, the Free Democratic Party, Angela Merkel’s junior coaltion partner, doesn’t like the bailout of Greece. They don’t care about her statement, “The euro is Germany’s destiny.” They want tax cuts for their constituents, according to an article in Wednesday, May 11, 2011’s Wall Street Journal, “Key German Party Shuffles Line-Up.”

The rising political tide to stop bailing out Greece and think of Germany first caused an upset in the March election. The Free Democratic Party was ousted in Baden-Wruttenberg after six decades of rule stretching back to the end of World War II. They need 5% of the vote to hold a seat in Parliament, and now they are losing that, too.

In an emergency move, the Free Democratic Party is replacing Rainer Bruderle, the Economic Minister with Philipp Rosler who has strong support among the base and could prevent the party from being marginalized for sticking with Merkel

Still what kind of future can Germany expect if it drops its Euro Zone partners and thinks only within its own borders in a world that it become more international all the time? For their currency to stay competitive, they have to think in bigger, more expansive terms.