Germany is the only country in Europe that can act to save the eurozone and the wider European Union from “a crisis of apocalyptic proportions”, the Polish foreign minister warned on Monday in a passionate call for more drastic action to prevent the collapse of the European monetary union.

The extraordinary appeal by Radoslaw Sikorski, delivered in the shadow of the Brandenburg Gate in the German capital, came as the Organisation for Economic Co-operation and Development called on European leaders to provide “credible and large enough firepower” to halt the sell-off in the eurozone sovereign debt market, or risk a severe recession.

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Filed under: * Economics, Politics • Economy • Consumer/consumer spending • Corporations/Corporate Life • Credit Markets • Currency Markets • Euro • European Central Bank • The Banking System/Sector • The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- • * International News & Commentary • Europe • --European Sovereign Debt Crisis of 2010 • Germany • Poland

1. Creedal Episcopalian wrote: provide “credible and large enough firepower” Evidently Mr. Sikorski doesn’t yet grasp the scope of the problem.  There is not enough firepower to untangle the mess that Europe has crafted for itself.  Anywhere. Period. Thus there is no “credible” solution.   What can’t go on must eventually end. And Euro-socialism is certainly ending. A severe recession would be a soft landing. November 29, 9:59 am | [comment link]

2. Br. Michael wrote: All Germany can do is save itself from the train wreck that European Socialism has wrought.  Of course we are not far behind. November 29, 4:35 pm | [comment link]

3. clarin wrote: Only Germany can save Europe, say Polish foreign minister. Is joke, yes? November 30, 4:43 am | [comment link]

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