Submitted by Tyler Durden on 07/08/2012 - 17:34 Creditors Germany
While we have been surprised by the lack of public
consternation within Germany at the real levels of servitude that an ungrateful
Europe is trying to shove down the German taxpayer's throats; this week it
appears the rubber is starting to meet the road.
As Europe
Online reports, German President Joachim Gauck called for Chancellor Angela
Merkel to explain why Germany needs save the euro - at great expense to
the country‘s taxpayers - and what will be necessary. In a TV
interview, Gauck (having no doubt read our recent explanations of the TARGET2
ticking time-bomb and the
real cost of GRExit) said that Merkel "has the duty to describe in
great detail what it means [to stay in the Euro], including what it
means for the budget". In a somewhat shockingly honest (for a European leader)
comment he said that the political establishment has struggled to explain why it
is vital for Germany to do its part to save Europe's currency union. Perhaps
reflecting Juncker's Modus operandi, Gauck added that "sometimes it‘s hard to
explain what this is all about. And,
sometimes, there‘s a lack of effort
to openly tell the populace what is actually happening."
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