_ Germany will not bend on the issues being debated within the EU. They will not permit ECB intervention or printing money that brings back bad memories of the hyper-inflation of the 1920’s. Nor do they approve of Eurobonds which would put a burden on German taxpayers. Merkel says, “This is not a matter of give and take.” To her it’s a matter of simple necessity.
It doesn’t matter that Italy is appealing directly to the IMF for aid. Germany would be satisfied with a union that included only northern European states that think the way they do such as the Netherlands, Austria, Finland, etc.
It doesn’t matter that Italy is appealing directly to the IMF for aid. Germany would be satisfied with a union that included only northern European states that think the way they do such as the Netherlands, Austria, Finland, etc.