While the world continues to wobble, drowning in debt to itself caused by buying into the shell game, some in Germany have a plan:
The shift was signalled on Friday, when Gunther Oettinger, the top German representative in the European Union, proposed that a bureaucratic invasion force be sent from Brussels to Greece to seize the struggling country’s assets “without regard to resistance.” (Mr. Oettinger also suggested that Greece and other debtors be forced to fly their flags at half-mast in Brussels.) Berlin papers characterized the proposal as a UN-style “blue helmet” operation; Greeks likened it to Germany’s Second World War invasion.
Ah, the eternal and inevitable WWII references. But it sorta makes sense. Why have an economic union without joint rules about handling the money? When the answer to the joke "what's a Grecian urn" a shrug of the shoulders backed by a very odd tax return, well, you really have ask.
I have never understood why setting up systems is treated as a local matter. Sure, administer them locally but money really has no local character. Like the Canadian criminal code - rules set Federally and administered locally. Some wiggle room granted here and there to make sure things are fair but, really, when things are subject to audits who needs to get creative or prop up an obviously dead horse? Send in the suits from Bonn!