Berating Berlin is Detrimental to Europe
Gideon Rachman, The Financial Times | June 13, 2012
Spain is now viewed as part of a wider struggle to rescue Europe, with Germany portrayed as the villain. ++ Intellectuals are calling for Berlin to take measures that may lead to political radicalization. ++ From Berlin's view, it is unfair to underwrite banks of countries with taxpayers' money for social benefits that are better than their own. ++ This goes against what was promised to them: a single currency with a no-bailout clause. ++ Not only has Berlin taken the brunt of the burdens and risks, it is still getting a beating for not doing more.
