Merkel To Europe: “Prepare To Cede Sovereignty”

…as always happens, once the crisis talk is back, so is discussion of a fiscal union. Sure enough, earlier today Germany’s Angela Merkel once again reminded everyone just what the stakes are in order to achieve a truly stable, and sustainable European union: nothing short of ceding sovereignty to Germany. And with that we are back to square one, because that has always been the trade off – want a unified, fiscally and monetarily, Europe? You can get it: just bow down to Merkel.

Just goes to show…you can catch more countries with cash than with bullets.

The Euros can at least be glad that the Germans didn’t figure this out 75 years ago or so when a somewhat different set of people were in charge of the Reich!