This week, the Economist has taken a broadside at Angela Merkel’s indecisive posturing on the Euro. Unfortunately, it’s not just a question of economics, and to be fair, Angela Merkel is facing a legal challenge on her previous decisions on the Euro, due for judgement September 12. Over the next month pressures will mount from economists, credit rating agencies, journalists, speculators, and, of course, politicians. To save the Euro, at the extreme, we might see a referendum in Germany or even a change to Germany’s constitution to accommodate the loss of national sovereignty – funny that, it’s not too far from the position of many in the UK Conservative Party!
What do you think?