German inflexibility of thinking : Sat Feb 11, 2012 10:36 pm
Is German rigiduty of thought once again destroying Europe? Their handling of the Eurozone crisis suggests so. Their insistence of austerity on austerity for Greece is stupid. It's leading to the disintegration of Greece and probably civil war their. If that happens it will spread to Portugal, etc. Even if the austerity package goes through Greece will still have unstainable debt levels for at least a decade and will need a couple of hundred billions of Euros support from somewhere.Greece needs to withdraw and default, but I doubt they've planned to. Germany ought to as well - they won't put their dosh up to rescue the Eurozone.
If the socialist wins the French election, then Germany's approach to the crisis will become an isolated one. The Euro is almost certainly doomed but the Germans keep sticking rigidly to their logic without looking at the wider picture. There is clearly a weakness in the German collective mind.