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Merkel To Brussels On Fiscal Union: "Nein"

Tyler Durden's picture




 

Submitted by Pater Tenebrarum via Acting-Man blog,

Merkel: Let's Rather Not

A German election is drawing close and it is evident in many small things that are happening lately. The latest is that Mrs. Merkel is now apparently distancing herself from her erstwhile demands to create a 'fiscal union' and give the eurocracy in Brussels more powers. Incidentally, her change of heart comes shortly after her summit with France's president Hollande, which indicates that the latter has probably let her know that France is none too happy with the idea either. Since this means that the drive toward more centralization will be slowed down, we take it as good news.

 

“German Chancellor Angela Merkel has come out against handing the European Commission more powers, in the clearest sign yet that she is reining in her ambitions to create a "fiscal union" in which euro members cede control of their budgets to Brussels.

 

The comments, made in an interview with weekly Der Spiegel, come days after Merkel held talks with President Francois Hollande in Paris and the two unveiled joint proposals for the future shape of the euro area, including the creation of a permanent president of the Eurogroup forum of finance ministers.

 

Merkel spoke out strongly in favour of closer fiscal integration last year, but France and some other euro members have deep doubts about ceding sovereignty — a step which would require politically sensitive changes to the EU treaty — and Berlin appears to have realized that this resistance is too great to overcome for now.

 

With a German election looming in September and a new anti-euro party threatening to eat into support for her conservative bloc, Merkel may also be adjusting her message for voters at home, many of whom are leery about ceding national powers.

 

"I see no need in the next few years to give up more powers to the Commission in Brussels," Merkel said in the interview, adding that she agreed with Hollande on EU member states cooperating more on economic issues.

 

"We are thinking for example of the labour and pension markets but also of tax and social policy. Economic policy coordination in Europe is far too weak, it must be strengthened and this is rather different to giving more competences to Brussels," she said.”

(emphasis added)

She still talks about the alleged need for 'more policy coordination', but luckily handing more powers to the bureaucrats in Brussels seems to be off the table for now. It will be interesting to see how the bureaucratic caste ensconced in Brussels will react to these news.

 

Merkel1
'Frau Europa' becomes 'Frau Deutschland' again.

 

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Mon, 06/03/2013 - 13:44 | 3620753 Mongo
Mongo's picture

"Frau Deutschland" ... how about that?

 

Mon, 06/03/2013 - 13:55 | 3620786 spine001
spine001's picture

It is quite incredible that they have been anble to hold it together for so long...

Mon, 06/03/2013 - 14:16 | 3620843 knukles
knukles's picture

We surely do not wish to rush unfounded into a fiscal union at this very moment unlike under preconditions when we were virtually positive before we suggested within particular lassitude that it may be a brilliant idea insofar as the temporal necessary adjustment mechanisms were bounded by the exigencies detailed heretofore within our prior communiques set forth between the ECB and Bundesbank unlike those portended by our immediate and distant differentials due to disparate internal irreconcilabilities being solved.

Mon, 06/03/2013 - 14:43 | 3620931 BLOTTO
BLOTTO's picture

I like how the 'M' in TIME Magazine is right above Merkel's noodle looking like a pair of horns...

.

Fitting...

Mon, 06/03/2013 - 15:02 | 3620984 CuriousPasserby
CuriousPasserby's picture

Did they do it on purpose? Covers are usually intimately thought out.

Mon, 06/03/2013 - 14:28 | 3620876 noses
noses's picture

No, thanks. Deutschland is definitely wanting a divorce. Could be messy and expensive but will be worth every single cent.

Mon, 06/03/2013 - 15:27 | 3621062 williambanzai7
williambanzai7's picture

STINKIN BARROSO

Mon, 06/03/2013 - 16:25 | 3621089 falak pema
falak pema's picture

the rot started in Pax Americana WS and then went viral.

Like poor Michael Douglas who got what he got by being too attracted to primal instinct. 

Liberace! you are no fish. 

Mon, 06/03/2013 - 13:45 | 3620758 Rustysilver
Rustysilver's picture

So, she was for it before she was against it.

Mon, 06/03/2013 - 14:17 | 3620844 knukles
knukles's picture

That's what I was trying to say, above.

Mon, 06/03/2013 - 13:46 | 3620760 DeliciousSteak
DeliciousSteak's picture

Just wait until the elections. Everything between now and then is air. Major changes coming.

Mon, 06/03/2013 - 13:56 | 3620784 RSloane
RSloane's picture

I've heard other posters refer to vague changes without stating what the expectations are. What kind of major changes are you envisioning in post election Germany?

Mon, 06/03/2013 - 14:06 | 3620810 DeliciousSteak
DeliciousSteak's picture

I'll point you in the right direction: Greece. Looking at the data, as well as some barely reported deals made between Greece and smaller players within the EZ, I'm fairly confident that Germany and Greece will have a very interesting autumn/winter together.

Mon, 06/03/2013 - 15:07 | 3621009 bank guy in Brussels
bank guy in Brussels's picture

Article on the current Greek government, signing a strategic agreement with Israel regarding the giant Mediterranean gas fields that stretch from Israel to Cyprus to Greece

Greek government selling out to the Zionists and Americans ... rather against what Greek people would prefer

But it is partly fuelled by the Greek animosity to the Turks, who also continue to occupy the north of the island of Greek-speaking Cyprus

http://www.veteranstoday.com/2013/06/02/israel-and-greece-sign-strategic...

Mon, 06/03/2013 - 16:44 | 3621358 Nussi34
Nussi34's picture

What are the Greek words for "to pay back" and "honest"?

THEY DO NO EXIST!

Mon, 06/03/2013 - 14:53 | 3620957 gatorengineer
gatorengineer's picture

shes tacking slightly right before the election, no surprise.  After the election she spins the wheel hard hard left....

Mon, 06/03/2013 - 13:47 | 3620763 RSloane
RSloane's picture

This is extremely tacky on her part. Who is going to finance all those early retirements in Greece?

Mon, 06/03/2013 - 13:48 | 3620766 Gene Parmesan
Gene Parmesan's picture

The old Belgian Waffle.

Mon, 06/03/2013 - 13:48 | 3620768 Dareconomics
Dareconomics's picture

No way Germany commits to paying more money to keep the euro afloat until after elections.

 

http://dareconomics.wordpress.com/2013/06/03/around-the-globe-06-03-2013/

Mon, 06/03/2013 - 13:49 | 3620770 The Master
The Master's picture

"Do as they do, not as they say" has never been more apropos

Mon, 06/03/2013 - 13:50 | 3620774 NoDebt
NoDebt's picture

Ah, the good old days, when calling a candidate a "flip-flopper" was about as bad as it got.

Mon, 06/03/2013 - 13:51 | 3620775 Yen Cross
Yen Cross's picture

   Nien, (9) times.

Mon, 06/03/2013 - 13:52 | 3620776 Rip van Wrinkle
Rip van Wrinkle's picture

Off the table....until after the election in September, that is.

Mon, 06/03/2013 - 14:19 | 3620851 knukles
knukles's picture

Vell it is only appropriate I spheak mit David Cameron to coordinate our mutual disgust mit zee Froggies before ve proceeds any fursher.  Ya?

Mon, 06/03/2013 - 13:58 | 3620779 CaptainSpaulding
CaptainSpaulding's picture

Number nein, Number nein , Number nein.. The watusi, The twist......Eldarado

Mon, 06/03/2013 - 14:05 | 3620806 Motorhead
Motorhead's picture

"Block that kick...block that kick".

Mon, 06/03/2013 - 14:11 | 3620821 CaptainSpaulding
CaptainSpaulding's picture

If..You become naked..

-Yoko Ono

Mon, 06/03/2013 - 14:00 | 3620795 TheMeatTrapper
TheMeatTrapper's picture

She'll have more "flexibility" after the elctions. 

Mon, 06/03/2013 - 14:20 | 3620853 knukles
knukles's picture

Now that is just downright cruel.

Mon, 06/03/2013 - 14:03 | 3620801 JJ McApe
JJ McApe's picture

The new party is called :"Alternative fuer Deutschland" - alternative for germany

founders were economists, former univeristy professors, professionals from the economy, highly educated people so to say.

this new party is a real threat to the existing government parties. the hate for the euro and european government is big. lets see what september will bring. i guess they can get 10-15% of all votes.

We are living in a false economy as long as we continue with bailouts, handouts, easing and stimulus that reward failure.

Mon, 06/03/2013 - 14:05 | 3620805 l1b3rty
l1b3rty's picture

maybe my $200,000 German Language degree will get me somewhere after all...

http://goldsilverbitcoin.com

Mon, 06/03/2013 - 14:07 | 3620811 LawsofPhysics
LawsofPhysics's picture

So, Germany wants all the benefits of the Euro and it's manufacturing base, but no other obligations.  So, germany against the rest of the world, good luck with that.

Mon, 06/03/2013 - 15:00 | 3620829 Yen Cross
Yen Cross's picture

    Fantastic post LawsofPhysics

    The Germans want their cake, and eat it to.

   Who's the Bundsbank cronie?

Mon, 06/03/2013 - 16:03 | 3621196 falak pema
falak pema's picture

Germany wants to CONTROL the way the cookie crumbles when the world rumbles; preferably after Mutti's relection.

As the country with the best model but the worst banksta liability in debt shenanigans she is a two faced Jezebel in Eurozone and thus has to play it close to her chest as the world's future  depends on how Pax Americana unwinds in petrodollar lands.

She has Ostpolitik RM,  Eurozone markets and also Pax Americana global backing as key pillar of Nato/Europe.

It gives Mutti a great hand to play UNLESS Dante's inferno becomes the scenario of most likely unwind to Pax Americana post NWO decline. 

Then all bets are off !  Hello Sarajevo !

 

Mon, 06/03/2013 - 14:10 | 3620814 darteaus
darteaus's picture

Of course fiscal union is off the table "for now". "Now" is before the election. Wait until after the election, and "new" circumstances will suddenly "need" to be addressed.

Mon, 06/03/2013 - 16:45 | 3621364 Nussi34
Nussi34's picture

France will not do it.

Tue, 06/04/2013 - 00:33 | 3622670 bichat
bichat's picture

I would say a lot of French people would be against it, but with government, you never know...They'll tell you one thing and do the contrary...

Mon, 06/03/2013 - 14:10 | 3620817 q99x2
q99x2's picture

FrauDupa

Mon, 06/03/2013 - 14:13 | 3620830 apberusdisvet
apberusdisvet's picture

If the Frau cannot establish the 4th Reich in Grmany, maybe she can do so in the US.  Oh wait.

Mon, 06/03/2013 - 14:15 | 3620835 Dr. Engali
Dr. Engali's picture

I was for the union before I was against it. After the elections I will be for it again.

Mon, 06/03/2013 - 14:20 | 3620855 TahoeBilly2012
TahoeBilly2012's picture

Ich bien ein "sovereign mann".

Mon, 06/03/2013 - 14:27 | 3620874 lolmao500
lolmao500's picture

The bitch is still pushing for a political union on the other hand... with a strong EU president.

Mon, 06/03/2013 - 14:32 | 3620895 They Tried to S...
They Tried to Steal My Gold's picture

It should be FRAUD MERKEL!

 

She is saying this to get votes from the Anti EU competitor in the election.

 

Maybe FUCKING FRAUD MERKEL would be better....

Mon, 06/03/2013 - 14:34 | 3620898 smacker
smacker's picture

 

Merkel backing off her drive for EZ fiscal union, and giving the EU-crats less powers suggests she is listening to Cameron, who advocates slowing down political centralisation in Brussels. This move may be the beginning of Cameron's claim that he has halted the EU steamroller....

But without her drive for EZ fiscal union, she's indirectly admitting that there's no solution on the table for the ongoing EZ financial crises ...except to keep kicking the can down the road. Of course, what the French really want are Eurobonds, not Brussels-controlled fiscal union as Merkel articulated it.

Mon, 06/03/2013 - 14:57 | 3620966 JR
JR's picture

+1, as usual, smacker.

It's two steps forward, one step back, as the financial oligarches progress toward their one world government; they need concentrated control of European politics to fit in with planetary control. Merkel will take one step back until she’s elected, then she’s going to take two steps forward. The bankers understand she’s no good to them if she can’t get re-elected. As does Merkel:

"I will lift up mine eyes unto the bankers, from whence cometh my help."

MEP’s Nigel Farage, a true hero of liberty, warned of the communistic, authoritarian nature of the current 27-member national European Union. The EU Commission, the executive body of the EU,  is reported to have no less than 11 out of 27 commissioners either current or former communists. Amid loud snickering, heckling laugher and mocking applause from the EP, Farage issues this warning in the video - An Iron Fist has come down on Europe - Nigel Farage (rough transcript of excerpt):

“Sadly, the politicians in charge became very greedy and they wanted money for themselves and power and so they resorted to lies and deceit and they staged the most spectacular bureaucratic coup d’etat that the world had ever seen. But they didn’t need to use any bullets to do it; they were much more clever, much more scheming than that. But what they did was to put in place a new treaty - it was called the Lisbon Treaty - and then they gave 27 people total unlimited power. These would be the people that made all the laws. They went about building a new state, but they ignored the people. And what they did…they recreated the very evil system that the people of Eastern Europe had lived under before. But the incredible thing was that many of the new bosses had also worked for that same evil system before.”

http://www.youtube.com/watch?v=fdoMssKv38o&feature=related

Mon, 06/03/2013 - 18:16 | 3621703 smacker
smacker's picture

 

Yep. Farage is one of the few people who really understand what the gameplan is of the commies running the EU. And he's prepared to say so publicly and often, unlike almost any other British politician, to their eternal shame. They will pay the price for this betrayal.

Mon, 06/03/2013 - 14:39 | 3620917 JR
JR's picture

Will the real Angela please stand up. And it’s not the one who needs to be re-elected so she can continue delivering the drive toward a fiscal union managed not by German citizens but by the international bankers.

Angela Merkel, while in office, has already committed herself many times to the goals that bankers hold and only a fool would believe in an election campaign conversion.

How about these details of a Merkel we seldom see: a Red Communist.

05/14/2013

New Biography Causes Stir

How Close Was Merkel to the Communist System?

A biography focusing on Chancellor Angela Merkel's time growing up in East Germany is making headlines because it suggests she was closer to the communist system than hitherto known. Her spokesman has denied she has covered anything up.

A new biography covering Chancellor Angela Merkel's life in East Germany has caused a stir by suggesting she was closer to the communist apparatus and its ideology than previously thought.

Published this week and written by journalists Günther Lachmann and Ralf Georg Reuth, the book quotes Gunter Walther, a former colleague of hers at the Academy of Sciences in East Berlin, as saying she had been secretary for "Agitation and Propaganda" in the Freie Deutsche Jugend (FDJ) youth organization at the institute. Merkel, a trained physicist, worked at the academy from 1978 until 1989.

Excerpts from the book, "The First Life of Angela M.," were published in the newsmagazine Focus on Monday. The mass-circulation Bild newspaper has also given the book prominent coverage in recent days.

The book explores Merkel's life growing up in German Democratic Republic (GDR), where her father Horst Kasner was a Protestant pastor and a committed socialist. He moved to East Germany from West Germany in 1954.

Merkel has said in the past that her FDJ role at the academy was more that of a cultural secretary and that her duties included buying theater tickets and organizing book readings.

'Closeness to the System'

But former German Transport Minister Günther Krause -- an eastern German politician who worked with her in the final months of the GDR and as a fellow minister in the government ex-chancellor Helmut Kohl in the early 1990s -- contradicts her in the book and says she propagated Marxism-Leninism.

"With Agitation and Propaganda you're responsible for brainwashing in the sense of Marxism," he said. "That was her task and that wasn't cultural work. Agitation and Propaganda, that was the group that was meant to fill people's brains with everything you were supposed to believe in the GDR, with all the ideological tricks. And what annoys me about this woman is simply the fact that she doesn't admit to a closeness to the system in the GDR. From a scientific standpoint she wasn't indispensable at the Academy of Sciences. But she was useful as a pastor's daughter in terms of Marxism-Leninism. And she's denying that. But it's the truth."

On Sunday evening, Merkel said she hadn't covered up anything about her past. "I can only rely on my memory," she said at a public screening of her favorite movie, a popular love film made in East Germany, on Sunday night. "If something turns out to be different, I can live with that."

Her spokesman, Steffen Seibert, denied on Monday that the chancellor had ever covered up political aspects of her life in East Germany. "The chancellor has been making statements about her life in the GDR for years in books and interviews," he said. "She always answered questions openly and based on her honest memories."

The book adds that Merkel and her father refused all attempts by the Ministry for State Security or Stasi, the feared secret police, to recruit them as informants.

A Latecomer to the East German Reform Movement

Merkel, who speaks good Russian, was well informed about Perestroika and the distancing of the Soviet government from the East German regime, the book says. She read Soviet President Mikhail Gorbachev's speeches in the Communist Party newspaper Pravda, and made contacts with East German reform groups only a few months before the Berlin Wall fell in November 1989.

The book says she and her father and brother Marcus discussed political developments with other people on September 1989. For them, the biography says, German unification was still inconceivable at that point "not just because it wouldn't have fitted into the bipolar world but because they strictly rejected the Western system of society."

It quotes Merkel as having said at the time: "If we reform the GDR, it won't be in terms of the Federal Republic."

Merkel's political ascent after that is well documented. She joined the opposition political movement Demokratischer Aufbruch (Democratic Awakening) in December 1989, became deputy spokeswoman of the democratically elected transitional East German government after the May 1990 election and joined the staunchly conservative Christian Democratic Union party in 1990s -- a surprising move given her apparent previous political leanings.

'Not Many Know What She's Really Thinking'

The chancellor at the time, Helmut Kohl spotted her potential and made her family affairs minister in his cabinet after the November 1990 German election. The rest is history.

"Only Angela Merkel herself can answer how much of her old life is still in her," Focus magazine wrote.

Her past may have contributed to making her inscrutable. Focus quotes Werner Schulz, a member of the European Parliament for the Greens who grew up in East Germany, as saying: "Her secrecy is a legacy of the GDR, I think. At the time you had to be careful about blurting out your opinions without thinking first. (…) Even today not many people know what she's really thinking."

In power since 2005, Merkel is running for a third term in a September general election. She is widely expected to win. Her inscrutability and political shrewdness are legendary. She has sidelined every potential rival in the male-dominated, largely Catholic CDU. There's no obvious successor to her in her party and she's far more popular than her challenger from the center-left Social Democratic Party, Peer Steinbrück.

Critic: Book Spreads Spurious Conspiracy Theory

According to SPIEGEL journalist Stefan Berg, the book hasn't really shed any new light on the first 35 years of Merkel's life. Instead, he writes, it has thrown a fresh veil over it -- a veil of supposed conspiracy. "A disproportionate amount of mistrust runs through this book," writes Berg, who was born in East Berlin in 1964. "While Merkel's own declarations are eagerly called into question, intelligence reports are taken at face value and Socialist phrases are taken more seriously than they were in GDR times."

The book makes the "perfidious" suggestion that secret powers aided Merkel's path into politics, that she is some kind of Soviet plant, writes Berg.

"Those who lived in the GDR can recall that everything was in disarray in the autumn of 1989, when careeers ended and new ones opened up -- a lot of it by chance, unintended, surprising. But coincidence is the enemy of journalists who -- firstly -- weren't there and -- secondly -- often see spies or other concealed forces at work. When they find no clues or can't interpret the clues they find, they see that as further evidence of their theory."

The book, writes Berg, paints a scenario in which "only naïve people can believe that Merkel wasn't steered by unknown forces." In fact, it doesn't present significant new facts, he adds.

Mon, 06/03/2013 - 18:30 | 3621741 smacker
smacker's picture

 

Great stuff. I wonder if Merkel's biography mentions the trail of corpses, killed by knife wounds in the back, that she left in her wake in her GDR career and which continues in her new career. Stand in her way at your peril! I'm told that the current German President had access to all the Stasi files after the GDR break-up and knows where all her skeletons are buried. That might explain why she tried hard to pull the plug on him becoming president, but failed. Why hasn't he spoken out? €€hhmmm€€.

The puzzle for me has always been why Helmut Kohl promoted her in the CDU Party and eventually nominated her as his preferred successor. Did he know nothing of her career history? Was he complicit?

Mon, 06/03/2013 - 14:51 | 3620948 yabyum
yabyum's picture

Paging Williambanzai to the white courtesy phone;)

Mon, 06/03/2013 - 15:02 | 3620987 lolmao500
lolmao500's picture

She's full of shit. She's a bankster whore... she's for a fiscal and a political union. She's just saying that now because of the election.

Mon, 06/03/2013 - 15:34 | 3621079 falak pema
falak pema's picture

its a political Nein to ensure relection, as the german public does not want to have the Eurozone hanging around its neck for the next two decades; something that the banksta cabal behind Merkel economic power (not the political power of the electoral sheeple; nuance) KNOW to be the true reality of Europe. So for them there is no other way out! 

And this reality will impose bank centralisation and fiscal union AFTER the election as the ONLY way out !

As Shakespeare said so eloquently in MAcbeth ( Mutti is truy Lady Macbeth today in Europe) :

A false face must hide what a false heart doth know (and cannot tell) ! 

Thus does foul become fair and fair become foul! 

Mon, 06/03/2013 - 16:46 | 3621366 Nussi34
Nussi34's picture

FUCK the PIIGS and the fucking French Socialists!

Tue, 06/04/2013 - 02:38 | 3622768 SilverMoneyBags
SilverMoneyBags's picture

The PIIGs bankrupted themselves, Germany did not bankrupt them.

Tue, 06/04/2013 - 09:30 | 3623146 Sauerkraut-Opinion
Sauerkraut-Opinion's picture

Miss Merkels "nein" does not mean anything - absolutely nothing. To the contrary - it'a an unmistakeably indication that the opposite will happen soon.

Here in Germany Merkels statements are taken already irrelevant in "normal" times, even less before election-day (22. Sept. 2013): She is the living "pirouette": When she meets opposition, she answers with a 180-degree-turn and says: "They all back me!"

Sorry about saying this: ZH may offer many features and skills: Interpretating Merkels sayings and gestures are not part of them.

Beside of this: She didn't return from the latest meeting with Hollande without granting of another billion Euro in the name of German taxpayers for PIIGSSZ-welfare - of course annual...

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