Germany's Finance Minister Christian Lindner (FDP) vehemently opposes Mario Draghi's call for common debt in the European Union. This would be the nail in the coffin for the staggering German economy, which would then also be held liable for the debts of the highly indebted southern states. Germany itself will have major problems maintaining fiscal stability in view of its sprawling welfare state and demographics

But we see what we have been writing about here for months: all the EU's efforts, war bonds, the Ukraine escalation, common debt, etc. are all aimed at establishing a new level of indebtedness and thus countering the coming debt crisis.