Published: Saturday, 29 October 2011 14:20
Written by Fred Weston
Recently Angela Merkel was warning that peace in Europe could be
endangered if an agreement was not reached at the EU summit on how to
manage the crisis that has engulfed the euro and the whole of the EU
economy. Speaking to the German parliament she said, “No one should
think that a further half century of peace and prosperity is assured. It
isn't. And that's why I say if the euro fails, Europe will fail, and
that mustn't happen." Some of the more serious strategists of capital
have even raised the prospect that the euro could break up. The 27 EU
leaders on Wednesday night, however, finally produced a three part deal.
Read more: Crisis of the euro is a crisis of capitalism ...