Sunday, December 18, 2011

Angela Merkel is herding cats over a cliff, says Walter Russell Mead

Here is an excerpt:

"The latest European plan to fix the euro is already falling apart, just like all its predecessors have done.  A majority of the French oppose it, and the man likely to be replace Nicolas Sarkozy in the spring 2012 election has said that it needs to be renegotiated. The countries that don’t use the euro are having second thoughts about turning over control of their national budgets to a European authority where they won’t have a veto; worse, they don’t want the Franc0-German bulldozer to use the excuse of the euro crisis to jam through a whole series of laws that would weaken the competitive advantages of countries like Poland, Hungary and Ireland."


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