Making hope and history rhyme
Published 02/12/2011 | 05:00
•German hubris caused three cataclysmic wars in the last 150 years. German under-confidence could cause a fourth.
The euro must survive and thrive for the benefit of everybody in Europe but most particularly for those at the centre -- the German people.
The German hatred of inflation is justified. Mark Twain memorably mentioned that while history does not repeat itself, it does rhyme. Germany retains a fear of inflationary-inspired instability.