Jump to content
House Price Crash Forum
copydude

Mail Goes Ape S Over Angela

Recommended Posts

Europe All Speaking German Now - Britain Must Follow

Daily Wail Story

Volker Kauder was speaking metaphorically, but that was enough to bring over 600 comments on the Mail's Wailing Wall about who won the war etc.

The story was based on this report in Spiegel:

A senior member of Chancellor Angela Merkel's conservative Christian Democrats(CDU) said on Tuesday that Germany's budget restraint had become a model for other EU nations and accused Britain of being too focused on defending its own national interests in its dealings with Europe.

"Suddenly Europe is speaking German," Volker Kauder, who holds the powerful post of conservative parliamentary group leader, told the CDU's annual party conference in Leipzig

Turning to Britain, Kauder said the United Kingdom, as a member of the EU "also carries a responsibility for the success of Europe."

"Just looking for their own advantage and not being prepared to contribute -- that cannot be the message we accept from the British," Kauder said, referring to Britain's opposition to the financial transaction tax that Germany has been lobbying for in order to raise revenue for future bank bailouts.

The really sinister story behind this however is the Spiegel scoop.

Merkel's answer to the Euro Crisis is of course 'More Europe' and she is now determined to steamroller through fiscal union, even if it means circumventing the law and democracy in Germany.

Revealed. Merkel and Schauble Plan Sweeping Changes To German Constitution

In a major Spiegel scoop yesterday, the influential German magazine revealed that German Finance Minister Wolfgang Schauble is a driving force behind the acceleration in German Chancellor Angela Merkel’s plans to run towards EU fiscal and political union. As The Slog has maintained for some time, the two political allies see this as the best way to ensure the EU’s survival. But the evidence suggests that the plan is fraught with danger for everyone.

‘Schäuble believes that a national referendum on the German constitution would be an essential step in reforming the EU — and with good reason, since the constitutional judges in Karlsruhe have now made it clear on a number of occasions that the constitution leaves little leeway to relinquish more power to Brussels.’

Obviously, quite a few countries' treaties will have to be torn up for fiscal union to be achieved and sovereignty ceded. With contagion rife, Merkel is trying to fast track the process before it all falls apart.

Edited by copydude

Share this post


Link to post
Share on other sites

All too late. Fear has spread to France, Austria, Finland - bonds being sold. Only UK safe haven weirdly enough.

Changes of the size needed in the EU would take 6 months min to get through. UK has already said it would use it to wrestle back power from Europe. Too little too late.

Then again, the markets are weird beasts so maybe they will magically see a happy ending and it will therefore occur.

PS link just points to front page. You want this one http://www.dailymail.co.uk/news/article-2062015/Eurozone-crisis-Merkel-ally-says-UK-fall-line-oppose-Tobin-tax.html

PPS - one comment was Sitzen Sie an dieses und Drehung.

Edited by Redcellar

Share this post


Link to post
Share on other sites

The markets are weird, as I would not buy UK government bonds for love nor money, except for index linked ones. I'm not sure what is safe about the UK when it is prepared to inflate its debt and its debt and budget deficit is higher than many Euro nations!

Edited by BalancedBear

Share this post


Link to post
Share on other sites
Merkel's answer to the Euro Crisis is of course 'More Europe'

Just as the answer to the debt crisis is more debt.

Still, success is the best revenge and all that. The Germans lost the war but won the peace. Deservedly so in my opinion.

Still, the Wail's readers will be content with tattered past glories. They're easily pleased sometimes.

Share this post


Link to post
Share on other sites

All too late. Fear has spread to France, Austria, Finland - bonds being sold. Only UK safe haven weirdly enough.

Changes of the size needed in the EU would take 6 months min to get through. UK has already said it would use it to wrestle back power from Europe. Too little too late.

Then again, the markets are weird beasts so maybe they will magically see a happy ending and it will therefore occur.

PS link just points to front page. You want this one http://www.dailymail.co.uk/news/article-2062015/Eurozone-crisis-Merkel-ally-says-UK-fall-line-oppose-Tobin-tax.html

PPS - one comment was Sitzen Sie an dieses und Drehung.

Too late? Maybe . . . though I think we can expect some fairly strong pointers coming from the EU Summit in December, and doubtless van Rompuy has been told what's necessary.

But Merkel is experiencing a few setbacks it's true . . . the great EFSF scheme appears dead in the water and it's not clear that regime change is working . . . those opposition guys in Greece still won't put anything in writing or support anything other than a temporary Government.

BTW Thanks for direct link. Corrected.

Share this post


Link to post
Share on other sites

The markets are weird, as I would not buy UK government bonds for love nor money, except for index linked ones. I'm not sure what is safe about the UK when it is prepared to inflate its debt and its debt and budget deficit is higher than many Euro nations!

At a guess, the government (both Labour and coalition) has shown it is prepared to sacrifice taxpayers and public services of the present and future to prevent defaults and bankruptcies.

Share this post


Link to post
Share on other sites

http://www.google.com/hostednews/ukpress/article/ALeqM5g3TQtb-afgecr5fpnTVScalj0ACg?docId=N0683701321442981322A

Farage slams 'German-dominated' EU
(UKPA) – 2 hours ago
Failure to tackle the eurozone crisis has produced a "German-dominated Europe", UK Independence Party leader Nigel Farage has said.
He claimed that German Chancellor Angela Merkel had taken charge because of the lack of leadership by a group of men - European Commission President Jose Manuel Barroso, Economic Affairs Commissioner Olli Rehn, European Council President Herman Van Rompuy and Jean-Claude Juncker, the Luxembourg Prime Minister who is chairman of the eurozone group of EU countries.
"Who is in charge?" Mr Farage demanded during a European Parliament debate on the crisis.
"None of you have any democratic legitimacy for the roles you hold. Into this vacuum steps Angela Merkel, and we are now living in a German-dominated Europe, something this European Union was supposed to stop."
He said Europe's leaders had had the Greek Prime Minister "removed and replaced by a puppet government", and then "you decided that Silvio Berlusconi has to go and replaced him with Mario Monti, a former commissioner and fellow architect of this disaster, who is not even a member of parliament"..../

A lone voice that has rumbled the master plan.

Join here: http://www.ukip.org/helpukip

Share this post


Link to post
Share on other sites

http://www.google.com/hostednews/ukpress/article/ALeqM5g3TQtb-afgecr5fpnTVScalj0ACg?docId=N0683701321442981322A

Farage slams 'German-dominated' EU
"None of you have any democratic legitimacy for the roles you hold. Into this vacuum steps Angela Merkel, and we are now living in a German-dominated Europe, something this European Union was supposed to stop."

A lone voice that has rumbled the master plan.

Join here: http://www.ukip.org/helpukip

It's the fundamental flaw.

Obviously the biggest economic force in the EU will want the biggest say. Germany will remain that as long as there is a single currency.

No amount of fiscal rules can alter the fact that it's an exporting nation that pushes deflation on all the other states. On top of which, the imposed austerity only exaggerates the imbalances. Germany has pushed every single other country into permanent trade defecit since the adoption of the Euro.

However, is the master plan just Germany's? The bailouts changed unsecured loans from banks into secured loans. Greek bailout 2 included as a condition another 15 billion of privatised state assets on top of the 50 billion from bailout 1. With no hope of growth and therefore ever redeeming the debt without further bailouts, Greece soon won't own a blade of its own grass.

The terms of the Irish bailout forced Irish taxpayers to compensate private bondholders for all the debts of the failed private Allied Irish Bank.

It's no longer the European Union, it's the Bankers Union. And I think it's obvious from all the run-ins with Germany's constitutional court, Merkel doesn't have her country's interests at heart.

Share this post


Link to post
Share on other sites

All too late. Fear has spread to France, Austria, Finland - bonds being sold. Only UK safe haven weirdly enough.

Changes of the size needed in the EU would take 6 months min to get through. UK has already said it would use it to wrestle back power from Europe. Too little too late.

Then again, the markets are weird beasts so maybe they will magically see a happy ending and it will therefore occur.

PS link just points to front page. You want this one http://www.dailymail.co.uk/news/article-2062015/Eurozone-crisis-Merkel-ally-says-UK-fall-line-oppose-Tobin-tax.html

PPS - one comment was Sitzen Sie an dieses und Drehung.

Britain does not exist any more.

I went into a supermarket in Pangbourne to buy some flints for my lighter. Despite the fact that I can also ask for them in French, not one of the staff had sufficient English(or French) to understand me.

We now have a multi culti, multi racial, polyglot society called the Youkay.

Share this post


Link to post
Share on other sites

What has changed is Germany's willingness to acquiesce to the wishes of its neighbours. We have grown so used to Bonn, and now Berlin, staying 'on message' that any assertiveness at all from the country is interpreted as a declaration of war by the media.

Share this post


Link to post
Share on other sites

To be honest, if it had to be said the southern Mediterranean countries would I think wish to go back to their old currencies but remain in a European partnership on their own terms. ;)

Share this post


Link to post
Share on other sites

The really sinister story behind this however is the Spiegel scoop.

Merkel's answer to the Euro Crisis is of course 'More Europe' and she is now determined to steamroller through fiscal union, even if it means circumventing the law and democracy in Germany.

Revealed. Merkel and Schauble Plan Sweeping Changes To German Constitution

Obviously, quite a few countries' treaties will have to be torn up for fiscal union to be achieved and sovereignty ceded. With contagion rife, Merkel is trying to fast track the process before it all falls apart.

Nothing sinister about that - the opposite: the German electorate gets to vote on the biggest issue of our time, and they will understand the choice.

When does the UK electorate get the opportunity? And will it understand what is at stake? Never and No.

edit: just read the underlying article here:

http://www.spiegel.de/international/europe/0,1518,797584,00.html

The Germans are only tinkering with a referendum at this stage.

Edited by okaycuckoo

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.