Second, my writings from 1980 to the present have never demonstrated any sense of nationalism for any country that I have covered in books and articles. Scholarly analysis in my view must be above national sympathies if the underlying assumption is social justice. Third, my suggestion in the article posted on 14 April was not that Portugal, Ireland, Greece and Spain "gang up" on Germany and France. That would not be a prudent course of action and it would do as much damage as good. I want to make it very clear that there is a de facto Franco-German financial bloc just as there is a de facto Anglo-French military bloc.
Those who follow EU political economy know all of this, as do the debtor nations. But debtor nations have been powerless to act thus far because they see the risks outweighing the benefits. Besides, the US, China and IMF are behind France and Germany. My suggestion assumes strong debtor-nations' political leadership that would mobilize business and labor unions behind the southern EU bloc. In the long run, this would help revive the EU economy on sound footing and the stronger countries would benefit even more than the debtor members.