Those rascally Germans and the EU bailout

Gosh, I hate to beat the drum anymore, but the Financial Times this morning in a story is reporting that the government of Germany is willing to increase its financial guarantees in the European financial bailout fund.  In my 2011 Predictions post I said that I thought the primary result of the European debt crisis would be political and I emphasized that Germany would use the crisis to become the central focus of the EU.

Specifically I said: “Germany is feeling out its mojo for the first time since World War II.  They will continue to use the economic crises in europe as the justification for their meddling in other European nation’s affairs.”

From the FT article I want to draw your attention to the following statement:

“Berlin has balked at any new EU powers to combat market panic. But Germany’s willingness to support the concept suggests the bloc is uniting behind a revised strategy.”

Notice Germany’s declining additional EU powers but being very willing to step to the front of the pole position in staving off the ‘crisis.’

Stay tuned here for more prescient analysis.

Jason