Spanish Cost of Borrowing Soars After Rating Cut - NYTimes.com

Spanish Cost of Borrowing Soars After Rating Cut - NYTimes.com:

 "Chancellor Angela Merkel of Germany indicated Thursday in an address to the German Parliament that she would resist any outside attempts to force Berlin to accept what she called “simple” and “contra-productive” fixes, including jointly issued euro bonds and other forms of shared debt that some leaders, including Mr. Hollande, have called for.

Only by solving the root of Europe’s problems, she said, citing the heavy debt and lack of competition in weaker economies of the Union, by strengthening the bloc’s political unity, will Europe be able to recover fully from the crisis."

'via Blog this'

Which are the weaker economies of the American Union?

I reckon they are those where the GOP rules.