4 October 2012

More Links to Germany

As the parallels with the 1930s grow stronger, another commentator has written an article drawing attention to the way Germany was treated in the 1950s and the way the Eurozone, at Germany's behest, is treating the debtor nations of Europe's periphery. As Eric Toussaint notes, the 1953 London Agreement acknowledged that Germany was simply unable to pay its debts, and that failure to recognise this could cause social and political tensions within and between countries. With the second great European war still a vivid and personal memory for many this argument was heeded. Amongst our generation of politicians, sadly, the focus on punitive measures and judgemental attitudes is outweighing the good sense that says when countries can't bear, forcing them to do so will only break them and their populations.

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