NOW is it clear?

No question that Germany want the global market to do the heavy lifting.....realign the credit of nations within the EU, and come to some valuation of the Euro in reference to the dollar, the yen, the yuan, etc. Angela is probably the happiest leader in the EU, seemingly having maneuvered the union into bowing to the frugality of the ECB, and handing the defaulting nations over to the tender mercies of the IMF. The Euro-zone bond and the ESM are nowhere in sight, the EFSF capped at about twice the cost of Greece alone, and having the hat passed to contribute a finite sum to the IMF.^[1]

~ John Mcrae.

I'm not making fun of Mr. Mcrae, btw. At ALL. For all I know this is the entire sense of the matter.

It does illustrate the difficulties involved in trying to form a sensible opinion of the E.U. these days. All I know for a fact at this point is that (1) the E.U. is a bunch of vicious, officious, undemocratic pricks who yearn to turn Europe into an Islamic slum (with or without the original aborigines of Europe) and (2) Europe is one or two light years away from letting go of the government titty.

Voluntarily letting go, that is. Having it wrenched from their fingers is another matter.

Thanks for that visual, Col. Bunny!

Notes
^[1] Comment on "What Merkel Is Thinking. Is democracy compatible with the euro? Get ready to find out." By Homan W. Jenkins, Jr., Wall Street Journal, 12/24/11 (subscription).