Despite the warnings, the eurogroup of finance ministers could not agree on a common approach on providing credit for poorer countries or whether to share borrowing costs.
Italy, Spain, France and six others are demanding that the EU issue bonds to share the debt burden of recovery between wealthier countries in northern Europe and more indebted, often poorer, countries in the south.
Poor people in Germany must pay taxes to pay the salaries of very much richer bureaucrats in France, Spain and Italy.
Because those bureaucrats can’t squeeze any more money out of their own peons without being hung from the nearest lamppost.
All Hail European union!