Most of us think of the euro in economic terms but it is of course a reaction to the World Wars of the first half of the 20th century, not to mention the Napoleonic Wars and countless others of the 19th century…
That’s the ultimate reason Germany continues to bow to ever-larger bailout packages. It does not want to turn its back on Europe…
Trichet calls for closer policy coordination, and ultimately, a European treasury…
We are getting closer every day…
