Tuesday, June 5, 2012

WWGD - What Will Germany Do?

I read a Reuters article that had a quote from a German official that made a really simple point that sounded a bit arrogant, but has some truth to it:
The fundamental question is relatively simple. Do our partners really want more Europe, or do they just want more German money?
link to article
At the end of the day, with all the media flip-flopping in Europe from Greece to Spain to Italy to Ireland and back to Greece, the power is with the largest and strongest creditor, Germany. Whatever they decide will be the ultimate market mover.