Crisis escalates as insurrection breaks German control of Europe ... The political dam has broken in Europe. German Chancellor Angela Merkel no longer has enough allies in the club of EU prime ministers to impose her hairshirt agenda. Her methodical plans are disintegrating on every front. For Germany it is a moment of truth. Berlin has put off hard choices since the crisis began ... – UK Telegraph
Dominant Social Theme: 'Germany' will respond magnificenty to this crisis as it has before. Long live the EU.
Free-Market Analysis: Our favorite mainstream economic reporter, Ambrose Evans-Pritchard, is out with a good analysis of the current, brewing dissolution of the euro and the EU (see above). It touches on a point that we want to make much more forcefully: