The Germans are Restless

When I turned off the news last night before going to sleep, the Greek unions were rioting in the streets over new austerity measures forced by EU banks as a condition of another bailout of Greece's collapsing economy. Nothing new there. But this morning I read that a German newspaper had been polling Germans about the situation and 68% thought it was a waste of time to help Greece and a whopping 71% thought the Euro was a goner - bring back the Deutschmark and the heck with the rest of the losers. Hmm.

I have previously posted (9/13/10, 11/17/10) about Germany starting to pull away from the embrace of the EU and go its own way. This poll does nothing to undercut that view. What will be interesting to see, though, is if German politicians start acting on the polls. If another European country's banking system tanks - and there are several in the on-deck circle - then we may get to see this happen sooner than we think.

www.express.co.uk/posts/view/255228/Mark-set-for-comeback-as-German-euro-crisis-deepens