Saturday, September 8, 2012

Gee, what a difference 75 years make

Italy and Germany felt pretty differently than they do now; 75 years later.

Germany cannot be "Leader of the World"
By Katy Barnato - CNBC News

Germany must accept shared leadership of the European Union if the region is to prosper, ex-European Commission President Romano Prodi, told CNBC on Friday.

The European Central Bank’s announcement on Thursday that it will commence unlimited purchases of short-term sovereign bonds from struggling euro zone countries was greeted with hostility from both the Bundesbank (Germany’s central bank) and the German press.

However Romano Prodi, ex-leader of the European Commission and twice-prime minister of Italy, said it was in Germany’s interest to accept it could not be the sole decision-maker in the euro zone as “Germany alone cannot be leader of the world.”