Friday, March 26, 2010

Germany To The Rescue......by Jamil Shawwa

Germany has just lead- with France- the European Union to create a monetary package to rescue the financially struggling Greece into some sort of an economic relief. The news also indicated that the EU countries agreed on Germany's demand to have the IMF- International Monetary Fund headquartered here in Washington DC- to be involved in the process. I do not have details yet about the technical terms of the deal but the symbols are more important, in my opinion. What an irony, over sixty five years ago, Germany, hijacked by a criminal minded gangs, the Nazis- dragged the world and humanity to disaster, invaded Europe in the name of German purity and refused any offers for peace and inclusion. Now, today, Germany insists, despite the opposition of some European Union members, to include the world community in the financial efforts to rescue a member country. Other European countries wanted to keep this affair within the EU, Germany said no; the world must witness and approve. Things have evolved dramatically for this nation. Germany's creativity and leadership abilities are shaping Europe's present and will continue to contribute peacefully to world efforts. The Germans though are very smart, they still did not want to come across- wisely, so- as leading Europe or as if, they are intervening in another European's country affairs by offering easy money or immediate loans. Germany until the last minute continued to insist that Greece has to meet certain economic conditions to qualify for this rescue package and that there must be an involvement from the world community represented by the IMF to ensure that this process is not an isolationist process or regional process. Smart move from the New Germany.

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