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Thursday, September 06, 2012

Essay on Why Germany Should Hold a Referendum on Europe - SPIEGEL ONLINE

Essay on Why Germany Should Hold a Referendum on Europe - SPIEGEL ONLINE

After World War II, the West gave Germany two great gifts. The first gift was democracy; the second gift was being integrated into a Europe of free nations. This also included the overriding vision that one day both gifts could be combined to create a democratic United States of Europe. But there was a lack of determination and strength to accomplish this. To make matters worse, both gifts have suffered from the attempt to use a common currency to integrate Europe. Postwar German democracy has never been in such a sorry state as today. It has been a long time since the peoples of Europe eyed each other with so much mistrust.

Folks: This is a balance sheet depression.

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