Wednesday, August 24, 2011

Stop The Euro Bailouts! Here Comes The German ‘Beer Party’

Conservatives in Germany are furious as Chancellor Angela Merkel commits the country to bailing out other countries in Europe who have been running up debts and living on borrowed money for years. Is this the beginning of Germany’s Tea….errr…Beer Party movement? From Der Spiegel:
Many in Chancellor Angela Merkel’s conservative Christian Democratic Union party are unhappy about Germany’s growing commitment to euro bailout packages and fear that the nation is being locked into a “transfer union” in which German taxpayers will end up bankrolling high-debt nations that got themselves into trouble through their own profligacy.
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