Angela Merkel secretly flew into Dublin two weeks ago to attend the huge demonstration against water charges: A spokesman from Berlin said the chancellor is perfectly entitled to do what she likes on her days off! Well done Angie!
Posts tagged ‘Angela Merkel’
By Jörg Bibow
It is no secret that Germany alone is calling the shots in Euroland these days. And Germany itself is stuck in a perfect state of delusion and denial about the eurozone crisis. Suffering in crisis countries is regrettable but unavoidable, the result of nothing but their own past profligate failings, as Germany sees it. Calm and confident German voters re-elected Chancellor Angela Merkel as their guardian of stability, which is presumably now spreading throughout the eurozone.
Finance minister Wolfgang Schäuble denounced critics who fail to see how well his policy prescriptions are working as living in some “parallel universe”. Just as there was absolutely nothing wrong with Germany running perpetual current account surpluses inside the currency union – even as these may have wrecked its euro partners. There is also nothing wrong with the eurozone at large now trying to replicate the German model at the global level – even as those profligate Americans may be complaining about it. Things are just fine in Mr Schäuble’s own parallel universe, in which having perpetual fiscal austerity at home offset by perpetual trade surpluses is evidence of competitiveness and the foundation of stability and prosperity………………..
full article at source: http://www.social-europe.eu/2014/01/euro-delusion/
As reported in today’s press, Ireland has secured a sort-of backstop to its exit from the bailout via an agreement with Germany‘s state- and local authorities-owned KFW Development Bank (see: http://www.irishtimes.com/news/politics/kfw-is-a-public-bank-providing-development-loans-at-lower-interest-than-commercial-rates-1.1595460 and http://www.irishexaminer.com/ireland/bailout-a-calculated-political-gamble-that-just-might-not-pay-off-249727.html). This was blessed by Germany (http://www.independent.ie/business/irish/merkel-backs-ireland-bailout-exit-without-overdraft-29754656.html). And it may or may not qualify as a backstop for the Exchequer (see speculative analysis here: http://www.irishexaminer.com/archives/2013/1115/ireland/bailout-exit-declaration-exaggerated-half-truth-249716.html).
One can only speculate as to the possible conditionalities imposed by Angela Merkel and her potential coalition partners on Ireland under the exit deal, but here’s an interesting parallel development that has been unfolding in recent weeks……
full article at source: http://trueeconomics.blogspot.ie/
By Gorge Soros
My objective in coming here today is to discuss the euro crisis. I think you will all agree that the crisis is far from resolved. It has already caused tremendous damage both financially and politically and taken an extensive human toll as well. It has transformed the European Union into something radically different from what was originally intended. The European Union was meant to be a voluntary association of equal states but the crisis has turned it into a creditor/debtor relationship from which there is no easy escape. The creditors stand to lose large sums of money should a member state exit the union, yet debtors are subjected to policies that deepen their depression, aggravate their debt burden and perpetuate their subordinate status.
This has created political tensions as demonstrated by the stalemate in Italy. A majority is now opposed to the euro and the trend is growing. There is a real danger that the euro will destroy the European Union. A disorderly disintegration would leave Europe worse off than it was when the bold experiment of creating a European Union was begun. That would be a tragedy of historic proportions. It can be prevented but it can be prevented only with Germany’s leadership. Germany didn’t seek to occupy a dominant position and has been reluctant to accept the responsibilities and liabilities that go with it. That’s one of the reasons for the crisis. But willingly or not, Germany is in the driver’s seat and that is what brings me here.
What caused the crisis?…………………………………………….
Dubbed an “anti-Merkel” result, the German chancellor has refrained from commenting publicly on the Italian elections’ outcome but two top-table officials stressed it was paramount for Rome to keep its reform course on
Merkel was, however, reported to have dismissed interpreting the Italian vote as a kickback against government austerity measures at a meeting of her conservative party on Tuesday, according to participants.
“The government does not adhere at all to such one-dimensional explanations,” her spokesman Steffen Seibert told a regular government news conference the following day.
Most outspoken among German politicians has been Merkel’s gaffe-prone challenger from the opposition centre-left in this year’s general elections, Peer Steinbrück.
He said that while former comedian turned anti-corruption firebrand Beppe Grillo was a “professional clown with nothing against being called that,” former premier Silvio Berlusconi was “a clown with a particular testosterone
full article: http://www.thelocal.de/politics/20130228-48241.html
- Italy upset at clown comments (smh.com.au)
- Clown swipe upsets Italians (smh.com.au)
- Democracy Has Become The Biggest Threat In The Eurozone (businessinsider.com)
- Grillo snubs deal with Italian Left (bbc.co.uk)
ByDr. Constantin Gurdgiev
“Ireland’s corporation tax rate was in the sights of the man most likely to succeed Angela Merkel as German chancellor when he met Tánaiste Eamon Gilmore in Berlin. Peer Steinbruck, the Socialists’ candidate to lead the party in next year’s election, also said he doesn’t personally believe in using EU funds to pay down bank debt.”
Now, here’s the problem: Steinbruck has been “deeply critical of Ireland’s generous corporation tax, blaming it for Germany losing income from German companies, when he was finance minister in the previous coalition government with Ms Merkel.” Per report, “the Tánaiste tried to reassure him that Ireland’s tax rate of 12.5% — the second lowest in the EU — posed no threat to Germany… …
full article at source: http://trueeconomics.blogspot.de/
- Eamon Gilmore admits fears about Merkel view on debt deal (independent.ie)
- Merkel praises Ireland as a “shining example” (independent.ie)
- Merkel: Up to Finance Ministers to help Irish debt (newstalk.ie)
Taoiseach Enda Kenny ruled out a decision today on the nation’s bank debt at a planned meeting with German chancellor Angela Merkel in Berlin.
“Our meeting today is not about making a decision on a deal for Irish bank debt,” Mr Kenny said in a video posted on the Government’s news website this morning.
“That matter will be discussed and negotiated by the Minister for Finance during the course of 2013.”
Ms Merkel and Mr Kenny issued a joint communiqué on October 21st saying Ireland was a “special case” in relation to its banking debt.
The leaders issued the statement to calm concern sparked by earlier comments by the German leader ruling out retroactive bank recapitalizations by the European rescue fund
see full article at source:
This Gombeen twit has again shown the nation what an absolute idiot he is .Merkel is kicking him around the school yard and he is telling everybody she is his best friend .What an idiot! We are never going to get anything from Berlin or anywhere else .Remember in the boom times anywhere in the world where Irish showed up to buy property we were given a different price as people knew we would pay the higher prices and so it is with this Gombeen from Ireland he is only the tea boy and with a clap on the back this fool comes back to the Dail with the latest dictates from Berlin and of course this twit will try and convince the nation he is getting things done . God help us from self serving political leaches like this one!
- Kenny to meet Merkel in Berlin (irishtimes.com)
- Taoiseach meets Merkel to discuss Irish finances & Presidency (newstalk.ie)
- To The People of Ireland : You are been lied to ,Bambeluzeled,and Hundwinked (thepressnet.com)
- Germans name Kenny as ‘European of the Year’ (independent.ie)
- State will not need a second bailout – Taoiseach (independent.ie)
- After Mrs. Merkel’s Irish Jig, Are Ireland’s Problems Solved? (forbes.com)