Posted on 06/15/2012 1:27:40 PM PDT by bruinbirdman
Deepening splits between Angela Merkel and François Hollande erupted into the open on Friday as the German chancellor attacked Paris for allowing the French economy to stall.
Mrs Merkel warned the policies of the new Socialist president could destroy the eurozone by bringing the sovereign debt crisis to France itself.
The bleak assessment came on the eve of an important weekend that will see elections in Greece and France and a key G20 meeting of world leaders in Mexico.
"Europe must discuss the growing differences in economic strength between France and Germany," she said.
Tensions are running so high that Jean-Marc Ayrault, the French prime minister, was forced to deny that Paris had broken off the Franco-German partnership, following Berlin anger at a Franco-Italian summit in Rome on Thursday.
There was a growing sense of crisis in European capitals after David Cameron, the Prime Minister, took part in a tense conference call with Mrs Merkel, Mr Hollande and Mario Monti, the Italian prime minister.
G20 leaders meet in Los Cabos on Monday afternoon for talks dominated by the deepening eurozone crisis and the result of close elections that could put Greece on course to leave the EU's single currency.
Eurozone finance ministers are on standby for an emergency telephone conference on Sunday night, if Greek exit polls put the radical Left Syriza coalition in the lead, to trigger contingency plans, including possible capital controls in the event of a run on banks in Greece, Portugal or Spain.
A victory for Syriza could prompt a default and Greek exit of the eurozone.
In the event of political chaos in Greece or a financial meltdown drawing in Spain and Italy on Monday following the result of the Greek elections, an emergency meeting of G7 ministers will be held
(Excerpt) Read more at telegraph.co.uk ...
Germany attacking France,....does history repeat?
Why should the French be surprised that Germany is not willing to finance their six week summer vacations?
I’m short the Euro
I’m hoping they start gassing up the panzers
And the new guy in France just lowered the retirement to age 60 a few days ago.
I wouldn’t be surprised to see France attack Germany.
Germany attacking France,....does history repeat?
Germany is right this time!
France is really playing with fire, electing socialists at a time like this. Their foolhardy denial of the realities could drag the whole euro issue into the maelstrom. Germany is wise to keep her distance, and her powder dry.
Oh yeh I can just picture France handing over their sovereignty to an even tighter EuroUnion. Never gonna happen. Kiss the Euro goodbye. Niel Farage is right when he says the Titanic has finally hit the Iceberg.
Has she annexed the Saar Basin yet?
For those in Rio Linda, Nigel Farage (UKIP member of European Parliament) would be compared to who? Darrell Issa? Ron Paul? Chris Christy? James Inhofe?
He tells it like it is in EUSSR government.
yitbos
“Germany is wise to keep her distance, and her powder dry.”
It’s France. The only thing the Germans will need to do is to improve the coffee service along the Champs Elysee after the requisite march around the Arc de Triomphe.
Hasn't declared France a Free Fire Artillery Zone or Tank (PANZER) Maneuver area yet either, but it needs to be.
Germany can’t bail out everyone. They should leave the EU, the value of EURO will plummet as the Germans revert to Deutsch Mark.
Foreign entanglements are not a good thing. We don’t all sleep well in bet together.
Oh yeah, this will end well.
I saw that video! He was great! I wish he was one of the leaders, I wonder if anone, including the U.S. is listening.
I saw that video! He was great! I wish he was one of the leaders, I wonder if anone, including the U.S. is listening.
I saw that video! He was great! I wish he was one of the leaders, I wonder if anone, including the U.S. is listening.
Sorry about the multi-posts...iPad sometimes does that. Mods, can you help please? Thanks.
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