Could Germany's Left Save The Euro (And Europe)?

[pampango]

Conventional wisdom holds that most Europeans don't like the EU, and that the euro is doomed. But that view is based on American political assumptions about left and right, and a belief that Europeans will always vote for nationalistic conservatives -- and it's not true. Angela Merkel's Christian Democrats are under enormous, and increasing, pressure from the Social Democrats and Greens, both of which are on record as supporting eurobonds and greater European integration.

But the biggest supporters of the eurobond concept are the left-wing parties, and support for both of them – most especially the Greens – is rising. It's the German right that is in court against the Greek bailout, and they're losing – both in the courts and with public opinion.

This is something The Wall Street Journal fails to grasp, even while acknowledging that the German Left is pro-Europe, and that its support keeps rising. While American politics are assumed to be based on either spending or not spending, or on a choice between domestic and military spending, European politics don't line up that way. There it's more of an internationalist left and a nationalist right, a pro-Europe left and a Euro-skeptical right.

What people across Europe seem to be voting for, in other words, is what the bankers want -- a permanent solution that controls spending and deficits across the continent, a unified fiscal policy, a truly united economy. What makes American heads spin is that this means they're voting for the left.

http://seekingalpha.com/article/292272-could-germany-s-left-save-the-euro-and-europe

[fascisthunter]

1. Wall Street has no loyalty to anyone but greed

therefore, they don't understand the concept of being a part of something larger than one's own ego. They are just a bunch of self-serving losers who couldn't survive outside of that bullshit bubble they live in. Europe understands working together to solve problems is a solution... when the majority are being served by their government, the MAJORITY benefit. It's back-asswards here in the good ole USA.