“You do want to help of course, but you also say, 'What is their plan to improve their situation?' I think it is justifiable to say, ‘How do you plan to fix it?’” Bauder pondered.
If Germany pays the bills, it must have a say in how the European Union ‘household’ is run, says analyst Ferdinand Fichtner of the German Institute for Economic Research.
“We have institutions in the monetary union like the ECB [European Central Bank], but also like the bailout funds, that can actually stop the euro from falling apart by investing a huge amount of money. I do not think that this is necessarily a good thing," Fichtner stated. "I think we have to discuss about whether countries should leave the monetary union, I think this is actually healing.”
Germany says it does not want the euro to break up and European leaders have failed to come up with a solution. But Chancellor Merkel believes the simple household economics of prosperous Swabia could hold valuable lessons for the whole of Europe.
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25