As you already know if you read sometimes the content of this blog, I am discussing extensively the need of money transfers from successful countries such as Germany to weaker states such as Spain, Italy, Greece, or even a few areas of France….
According to several recent articles from the daily newspaper the Financial times, it will happen soon even if German citizens are reluctant to pay. I think this is the only way we can ensure a smooth and confident future of the EU. Without it, I think it’s impossible for the EU, or the euro area to continue to exist. Please have a look at the trade deficit in France. Something is not working for France in this EU world.