http://www.economist.com/blogs/charlemag ne/2010/05/euro_crisis_5

Felix, you are totally busted as a doomsayer. Did you enjoy adding the howling wolf sound effects?

http://www.ft.com/cms/s/0/b82f3e3c-6377- 11df-a844-00144feab49a.html

Schäuble interview: Berlin’s strictures By Quentin Peel

Quotes:

“But is Germany not simply trying to get the rest of Europe to behave like the thrifty Germans? “Nonsense,” he says. “I have studied a little about the world as it was before the beginning of the last century. Germany did not help the world become a better place, and that has not done the Germans any good. So we have a European responsibility. We must take Europe a bit further.”

“Germany has a lot of experience with federalism, more than the UK or France. If you want to create a federal organisation, you must be ready to have a certain amount of redistribution within it. You can dismiss that by rudely calling it a ‘transfer union’. But strong and weaker states both have their responsibility. We are asking a lot of the weaker ones, but the strong also have their responsibility, and we must explain that as well.”