21.02.2011 - 23:05 [ The Telegraph ]

Hard-working Germans are about to discover what it feels like to be mugged by the EMU project

Angela Merkel’s Christian Democrats have just suffered the worst defeat since World War Two in the Hamburg elections. A casualty of rising bread costs or Gefühlte Inflation as they say in Germany, perhaps, or bail-out rage? Merkel will lose another three seats in the Bundesrat, reducing her to a lame-duck Chancellor.