Europeans choose sides over financial crisis


By Harold Meyerson – The founding document of a genuinely pan-European politics isn’t one that unites the continent. To the contrary, the fiscal compact that German Chancellor Angela Merkel persuaded her European Union colleagues to embrace — with an assist from French President Nicolas Sarkozy — has given rise to bitter dissents both within and among European nations. The pact, which codifies fiscal constraints that will inflict years of economic stagnation, if not accelerated decline, on such debtor nations as Spain and Greece, has divided Europe into rival camps — the Keynesian leftists against the austerity rightists.

All politics in Europe isn’t local any more. Roll over, Bismarck, and give Clemenceau the news: The German chancellor wants to campaign for the French president. Mein Gott! Mon Dieu! OMG! more> http://tinyurl.com/7rl5pun

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