Merkel - The Trawler.org
Arlene Tickner in today’s column talks about the problem with the euro and the G8 meeting in the United States. According to Tickner, Barack Obama decided to change the meeting place from Chicago to Camp David with the excuse that it was to have the meeting away from the media and the protestors.
The really aim was to approach Angela Merkel discretely in order to ask her to promote an investment plan for the Eurozone. Together with Francois Hollande and David Cameron, Obama stated that the German austerity has been counterproductive and it’s necessary to prevent a worse economic deterioration. That way Obama will also ensure his re-election in November. Even the Nobel prize winner Paul Krugman is sponsoring the plan that includes supporting aid to the European periphery countries rather than austerity measures.
The meeting didn’t help to improve the crisis situation. On the contrary, the people of France and Greece are begining to become disatisfied with the current measures, where the electors voted against those who defend the austerity measures, in part because of the high rates of unemployment and the dissatisfaction for the austerity plan. Even the Germans have started to question what has promoted their growth, as they have generated negative effects in many others in the continent.
Finally, Tickner highlights that if Merkel is right about something, it is that the end of the Euro would mean the end of the European idea as a whole. It would be a terrible lesson for all of those who have seen the EU as a model. (link to article)