Screw the Germans and the French - Screw Charlemagne

The G20 meeting was a disastrous damp squib for the euro since the only conclusion that anyone can come too is that no one amongst our 'masters'  and their servants has a clue how to resolve the euro problem or if they do the ability to persuade everyone else to support their solution.  There is of course a way out which is to leave the EU and thus the euro. The Lisbon Treaty permits this. This is apparently something that is being contemplated for Italy by at least one minister in the Berlusconi government albeit one who is a member of the other main party in the coalition, the Northern League. Italy is unlike like Greece and is perfectly capable of surviving outside the euro without help from the IMF or indeed the EFSF. After all Italy has a better debt to GDP ratio than the USA, Japan, the Netherlands, the UK and France. Merkel and Sarkozy are nonetheless trying to impose a strait jacket on countries that should never have joined the euro in the first place as they must well know but were allowed in on the basis that it was good for Germany and France (although it is difficult to see why France thought it would be beneficial to have Greece in the euro). That being so if, particularly, Germany wants to rescue the euro it should pay the price or allow an orderly exit for Greece and the other countries who cannot and never could live with the German economic model. Ambrose Evans-Pritchard has a most interesting article about this in today's Telegraph here. The reason why Germany and France are so concerned to impose austerity on the Greeks and no doubt on the Italians as well is clearly set out in Daniel Hannan's blog here. The Germans and French should be told to get lost. Far from acting in any community spirit they are acting solely in their own self interest.