Germany Is Becoming The Model For Europe In The Debt Crisis

The relationship between French President Nicolas Sarkozy and German Chancellor Angela Merkel has gone from warm, to cordial to warm again. Sarkozy must cut a fine line between appeasing nationalists in his own party while steering the French economy towards a German-style recovery. The next few days will be crucial. REUTERS

Europe Shudders At Germany's New-Found Power -- Spiegel Online

Germany, admired and envied for its economic success, has become a model for Europe in the debt crisis. The Continent is becoming more German as countries get serious about fiscal discipline. But the nation's new dominance is also stirring resentment, and old anti-German sentiments are returning.

A French tricolor flag fluttering on a video screen provides the grand backdrop for Nicolas Sarkozy, who is about to take to the stage to talk about the euro crisis. The flag is huge, almost as if the organizers were attempting to allay any doubts that the speaker really is the French president rather than a mere emissary of German Chancellor Angela Merkel.

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My Comment: He who has the gold makes the rules. And today ... in Europe .... the one who has the gold (or so it seems) is Germany.

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