Hanging Together or Hanging Separately
Non-Euro Poland says Germany must step up to save the Euro. Foreign Minister Sikorski speaking in Berlin:
What, as Poland’s foreign minister, do I regard as the biggest threat to the security and prosperity of Poland today, on 28th November 2011? It’s not terrorism, it’s not the Taliban, it’s certainly not German tanks. It’s not even Russian missiles which President Medvedev has just threatened to deploy on our border. The biggest threat to the security of Poland would be the collapse of the Eurozone.
And I demand of Germany that, for your own sake and for ours, you help it survive and prosper. You know full well that nobody else can do it. I will probably be first Polish foreign minister in history to say so, but here it is: I fear German power less than I am beginning to fear German inactivity.
You have become Europe’s indispensable nation.
You may not fail to lead.
My impression of the high (or low) lights: catastrophe looms; needed are tighter union, guarantee of debts, budgtetary approval to a European commission, power to an democratically elected European Parliment, guarantees of cultural autonomy for individual States.
My guess: not going to happen. Most will not believe the catastrophe until and unless it happens.