Time to recall Sarkozy' Davos remarks from Fenruary 2011

As I blogged at the time, Sarkozy's remarks, also reported on video from this link to the actual posting, were pretty clear on the consequences foreseen by Merkozy in letting the Euro drift:

"Whether it be Chancellor Merkel or myself, never, never will we turn our backs on the euro. We will never abandon the euro, we will never drop the euro," Sarkozy told the World Economic Forum in Davos.

"The euro spells Europe. The euro is Europe and Europe has spelled 60 years of peace on our continent, therefore we will never let the euro go or be destroyed," he insisted.

"For us, it's not simply an economic issue, it has to do with our identity as Europeans. For those of you who want to bet against the euro, be careful how you invest. We are determined to ensure the strength of the euro."

"It is of such importance that we will be there whenever it needs to be defended. The consequences of it failing would be so cataclysmic that we could never entertain the idea," he declared.

As President Sarkozy's re-election campaign gets under way, it seems important to remember these words, for none of his actions in the interim seem to indicate he either then, nor indeed now, has a proper grasp of the full extent of the gravity and extent of the disaster that he and Angela Merkel have jointly created.

It is not at all encouraging that he remains jointly in charge of the EU as it clearly approaches a Greek default and what he has therefore forecasted will be a cataclysm.