It is the WW guilt, upon which France is only too keen to play. It’s very subtle, however, in contrast to those Greeks who – having sucked from a German teat for years – now accuse them of being Nazis for putting on the brake and demanding – WHAT NERVE – that Greeks pay their debts.
BUT – if Germany ever gets over the wars, then it’s a different ball game. The “Germans” are great people and there is no danger whatsoever of history being repeated (The UK could ALSO have had its own Hitler in different conditions.), but they might at some stage simply refuse to let themselves be milked. After all, ALL THOSE GUILTY ARE LONG DEAD.
Germans have now been NET contributors to “Europe” for DECADES. HUNDREDS OF BILLIONS of German marks and euros have gone to pay for the EU, French farmers, infrastructure in Southern Europe etc. They didn’t HAVE to do this. They did it because of A) guilt and B) a genuine neighbourliness, especially that of the strong for its weaker brothers.
BUT – someone somewhere ALWAYS takes generosity for granted and abuses it. The Germans are getting close to the point where their largesse is being abused. The unelected Trotskyist Boringoso demands “eurobonds”. This is code for: “Let the Germans take on all the debt.”
Sorry Fatso, WHY THE HELL SHOULD THEY. YOU racked up the debt. YOU lived wildly beyond your means. “We will help, but UP TO A POINT.”
As for the usual analysis of why Germany went along with the creation of the eurozone, I believe it to be wrong. The Germans were quite happy with the DM. They did VERY WELL with the DM. It increased in value year-on-year because of the quality of their economy and goods. They did not want to give up the DM, but were persuaded to so so by others who played the “If you don’t, then you are un-European; you haven’t REALLY changed.” card. And the Germans were PROMISED that this shambles WOULD NOT HAPPEN. It was the ONLY way they could be persuaded to give up the DM.
This stuff about Germany needing the euro is utter rubbish. Do you remember Germany struggling BEFORE the euro? I don’t. It’s more EU-fanatic psychops – or if you prefer in layman’s language, lying bollocks from the EU Propaganda Office, of which Goebbels himself would have been proud.