A tale as old as time. Germany treats the EU less like a union of equal sovereigns and more like a giant conglomerate that Germany holds the controlling stake in.
Nothing will ever happen with the EU if it doesn’t perfectly suit Germany’s economic interest at the time. At least this time that interest isn’t loan sharking southern Europe
FW140 on
Would there actually be a benefit in efficiency if they are merged? I think the added stability by having more banks is not to be underestimated.
gregorijat on
>>The fear in Berlin is that the Italians, should they take a bigger stake in Commerzbank than the German government, could sap lending to Germany’s prized Mittelstand, the small-and-medium sized manufacturers that are viewed as the backbone of the economy
3 Comments
A tale as old as time. Germany treats the EU less like a union of equal sovereigns and more like a giant conglomerate that Germany holds the controlling stake in.
Nothing will ever happen with the EU if it doesn’t perfectly suit Germany’s economic interest at the time. At least this time that interest isn’t loan sharking southern Europe
Would there actually be a benefit in efficiency if they are merged? I think the added stability by having more banks is not to be underestimated.
>>The fear in Berlin is that the Italians, should they take a bigger stake in Commerzbank than the German government, could sap lending to Germany’s prized Mittelstand, the small-and-medium sized manufacturers that are viewed as the backbone of the economy
Classic example of corporate welfare…