Europe slowly crumbles under its debt

Andrew Bolt, Herald Sun (Australia)
"The real problem confronting our economy isn’t global warming: French President Nicolas Sarkozy today flew to Berlin for a summit with Angela Merkel aimed at forging a common stance on the Greek rescue package as the eurozone lurches closer to collapse… Mrs Merkel, who is increasingly agitated at Germany being called upon to be the main bailout partner for countries like Greece, Ireland and Portugal, is seen by her countrymen as increasingly weak and without direction… Germany’s share of the bailouts and the euro rescue fund already amounts to €140 billion. But that vast figure is still not enough to stem the debt problems of other countries. International bankers fear a global financial meltdown of a magnitude greater than the Wall Street Crash of 1929 if the eurozone countries fail to tackle their debt mountains."