Germany is in big trouble in Europe, and the Franco-Italian coalition is going to make things much tougher. Germany’s ultimate choice may well lie between submitting to a fundamentally Latin currency regime with a few Teutonic decorations and the division of Europe into two or more currency zones.Read More
Insignia of the Teutonic Order by Arnaud Bunel
The ongoing struggle between northern and southern Europe reaches back to biblical times. I doubt that the Germans can convert France and Italy, let alone Spain, Portugal, and Greece, to its monetary banking regimes in the near-term. Dark times may be descending upon much of Europe.
Source: Mead, Walter Russell, (2012, January 11), Europe: The New German Nightmare Begins, The American Interest.