And Another Turns to Germany...
Jean Pisani-Ferry, French Council of Econ Analysis | November 30, 2011
After the latest bond auctions and as French influence wanes, there can no longer be any doubt of what many have long suspected: Germany is the undisputed leader of Europe. ++ Germany should use this strength to guarantee the public debts of other Eurozone members, in exchange for debt limits and a new budgetary review. ++ In the 1980s, a strong German economic position was parlayed into what became the euro, and now Germany must once again extend its power to its European partners.
