Merkel and Hollande spell out Greek fear ... The leaders of France and Germany on Tuesday joined forces to urge Greece to reaffirm its commitment to membership of the eurozone, after François Hollande flew to Berlin for talks with Angela Merkel, German chancellor, within hours of being installed as French president ... "We want Greece to stay in the euro," Ms Merkel said. "We know that the majority of people in Greece see that." Ms Merkel defended her belief that the common currency was "not just a monetary project, but a political project". It meant that the member states of the eurozone shared a common responsibility. "People who have a common currency will never fight a war against each other," she said. – UK Telegraph
Dominant Social Theme: The more we have in common the less we shall fight.
Free-Market Analysis: German Chancellor Angela Merkel has just made an astounding statement. In a press conference with new president Francoise Hollande, she said, "People who have a common currency will never fight a war against each other."
For a person at the heights of power to make such a ludicrous remark indicates either an abysmal ignorance or a deliberate misstatement. We would have to believe the latter as we cannot conceive that Merkel knows so little about history.
She has never heard of the American Civil War? Or the French Revolution? She is not aware of the Russian Revolution or Mao's Long March? How about North and South Korea? Or North and South Vietnam?
Now, it is true that many of these conflicts may have been in a sense elite manipulations. But they exist nonetheless. Currency actually matters little. History shows that those who share the same currency are certainly able to be bellicose to each other.
More @ The Daily Bell
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