A new star is rising the European firmament of anti capitalism, his name is Peer Steinbrück, his fierce attack on the the American model and the end of its hegemony was accompanied 2 days later by the collapse of the larger commercial estate lender in Germany , Hypo real estate , and its demise as rubbish to be swept away gradually. The German finance minsiter has demonstrated a great coherence on his anti cpaitalistic views but a short sightedness on the reasons and ramifications of the crisis. While socialism is unveiling the mantra of anti americanism asa demagogical tool of sad memory, it shows a far more realistic Welt anschaung when it comes to broker deal with gaz and the Putin regime ratehr than supporting the the fate of one of the largest financial institutions affected by the credit crisis as many others in Europe.
In the meantime rumors on the end of the USA are still spread from Russia with a nostaligc touch for the good old times of the Soviet Union in spite of their own domestic financial crisis . Which takes you back to the famous quote: rumors over my death were exagerated.
Lets hope that democratic and republican institutions are good and dynamic enough to reform the system proving to be a better alternative than authoritarian regimes. this is a new challenge for America but also for Europe.
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