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Eurozone Crisis: Angela Merkel Warns Peace And Prosperity At Risk

Angela Merkel

Huffington Post UK   First Posted: 26/10/11 16:35 BST Updated: 26/10/11 16:38 BST

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Angela Merkel has warned that Europe could "fail" if the region's leaders are unable to agree on a deal to solve the eurozone debt crisis.

In a speech to the German parliament on Wednesday morning, the chancellor said: "If the euro fails, Europe fails".

"No one should think that a further half century of peace and prosperity is assured. It isn't. And that's why I say if the euro fails, Europe will fail, and that mustn't happen."

Speaking before a vote in the parliament on measures to help contain the crisis she said: "The world is looking at Germany, whether we are strong enough to accept responsibility for the biggest crisis since World War Two."

"We need to come to concrete solutions with regard to countries that are very much in debt. We have to tackle the mistakes made in the past so that the crisis will not develop. We need to consider the future."

Earlier a Number 10 spokesperson said there were "no illusions" about the difficulties in solving the euro debt crisis, adding that there would probably be "further meetings".

The pressure is getting to eurozone leaders as Wednesday afternoon's summit in Brussels approaches - with a fist fighting breaking out between Italian deputies in parliament.

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Angela Merkel has warned that Europe could "fail" if the region's leaders are unable to agree on a deal to solve the eurozone debt crisis. In a speech to the German parliament on Wednesday morning,...
Angela Merkel has warned that Europe could "fail" if the region's leaders are unable to agree on a deal to solve the eurozone debt crisis. In a speech to the German parliament on Wednesday morning,...
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HUFFPOST SUPER USER
floodberg
Attorney (ret.)
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01:57 AM on 10/27/2011
An amazing rewrite of history by Merkel.

Germany started WWII, and it ended (in Europe) when DE surrendered (1945.)  From 1945-55 FRG was run by the Allied Council, then provisional govt.; GDR (est. 1945 by Stalin.) The Treaty of Rome (1957) established the EEC, the precursor of EU, and FRG was one of the original 6, but certainly not the strongest economy.

Merkel audaciously claims EEC/EU was 'responsible' for the peace since the establishment of EEC.  War breaks out when economies are bad; and post 1955 was very good for the original 6. 

Having rewritten 20th century history, she now claims that survival of the € will prevent unspecified breaches of the peace.  Given the economic chaos which is now inevitable (fall of GR and IT govt.), I can only assume that she is referring to chaos other than those two events (bankruptcy of the rest of the PIIGS, perhaps?)   If she's referring to a real war, then what moronic government would go to war with a neighbor in a deep recession where governments are going bankrupt?  DE already did that twice in the last century...

So government by mostly unelected and unaudited Oligarchs and Wannabes will be the course of the future; I can't imagine ordinary citizens of the EU countries would want that. 

The Age of Monarchs and Empires died around 1917...this new 'fiscal union' formally heralds the Age of Oligarchs.
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