2012, A YEAR OF FOREBODING.

It would be easy to accept that France is the driving force behind the blind obsession with the failed currency, the Euro; they think that it creates a common bond, and therefore a closer relationship between member nations. Unfortunately, this is so obviously not the case. Alternatively, Germany thinks that it can assume ultimate power because of a superior economic position. But is that what is really behind the German case? Perhaps it's intransigence in both cases.

One of the author's Christmas presents is a book explaining the German Psyche during the final year of WWII: 'The End', written by Ian Kershaw (Sir), a specialist in the field of Adolph Hitler. From the introductory chapter, it becomes clear, apart from the core of ingrained Nazis, that the people in general were determined to fight on, possibly based mainly on pride, although Russian reprisals were also a major consideration; plus the regime's propaganda, poisoning the remaining population with Goebbel's verbal bile. The fact, however, was that they could not see the logic in coming to terms with the West; accepting the fact that Roosevelt would insist on nothing less than unconditional surrender. Nevertheless, fighting a losing war on one's own territory was an act of imbecility.

The question that is being asked here is, is it the Germans who cannot see the folly of the Euro, certainly in it's current form? Western economies will not survive, unless, like liquid, they find their own level. Something that can only happen by allowing the weaker, under-performing nations within the Eurozone to break away. Of course this will cause mayhem; the alternative, however, could be much worse.


IT'S DECISION TIME.