Musings Brought on by Germany and the Snow.
Having written in German for the last 1 1/2 hours, I think it is time for a little bit of a break for my brain. So I am sitting here and watching the desolation of white accumulate; fully anticipating a desolation of wrecked cars to follow in good time. I am writing on the Topic of the role of Germany in Europe, and I cannot write what I honestly believe. The role of Germany in Europe is one of growing insignificance; they can do nothing about the problems of Europe. For almost a century debt has been building, the institutions and mores which lead to excellence in western Europe have crumbled, and the problems have built energy with no real release. Germany does not have the money to bail out Europe. Germany, France, and England do not have that much money. Germany, France, England, and the rest of the major economies of Europe do not have the money; in part because it is the major economies which are in such trouble. Portugal is a junk bond, Spain is likely to follow, and Italy is i...