The irony of Germany's loss to Italy in the Euro 2012 cup will not be lost on those who have been watching the Eurozone financial crisis play out in recent weeks. Germany's Chancellor Angela Merkel has been steadfast in her opposition to a plan for a common debt issuance program (so-called "euro bonds"), while her electorate have turned up their collective noses to calls for additional handouts to the problem centres like Greece.
We stand on the verge of another sure to be historical event. The thousands who gathered in the streets to wave the flags and scream and shout, this tradition that started with a great street party on St. Clair in Toronto in 1982, it was all a result of what people saw on TV. Soccer is now regarded as a valuable sports property. But all of this came from very humble beginnings.