This page has been archived and commenting is disabled.
Europe Revolts: "What Is Happening Now Is A Defeat For Germany"
In Spain, only Vladmir Putin is more disapproved of than Angela Merkel. Such is the level of polarization that Germany's chancellor has created in Europe that, as WSJ reports, even domestically she is being deriled for saddling Greeks with "soup kicthens upon soup kitchens." As Marcel Fratzscher, head of the German Institute for Economic Research, a leading Berlin think tank notes, "Germany has, at the end of the day, helped determine most of the European decisions of the last five years," and therefore, "what is happening now is a defeat for Germany, especially, far more than for any other country."
“They want to humiliate Greece to send a warning to Spain, Portugal and Italy,” Hilario Montero, a pensioner at a pro-Greece demonstration in Madrid recently, said of Berlin and Brussels. “The message is you are not allowed to cross the lines they set.”
"Disapproved"
As The Wall Street Journal reports,
Ms. Merkel’s power after a decade in office has become seemingly untouchable, both within Germany and across Europe. But with the “no” vote in Sunday’s Greek referendum on bailout terms posing the biggest challenge yet to decades of European integration, risks to the European project resulting from Germany’s rise as the Continent’s most powerful country are becoming clear.
On Friday, Spanish antiausterity leader Pablo Iglesias urged his countrymen: “We don’t want to be a German colony.” On Sunday, after Greece’s result became clear, Italian populist Beppe Grillo said, “Now Merkel and bankers will have food for thought.” On Monday, Ms. Merkel flew to Paris for crisis talks amid signs the French government was resisting Berlin’s hard line on Greece.
“What is happening now is a defeat for Germany, especially, far more than for any other country,” said Marcel Fratzscher, head of the German Institute for Economic Research, a leading Berlin think tank. “Germany has, at the end of the day, helped determine most of the European decisions of the last five years.”
...
In Greece last week, it was the stern face of 72-year-old German Finance Minister Wolfgang Schäuble that appeared on some of the posters urging voters to reject Europe’s bailout offer. “He’s been sucking your blood for five years—now tell him NO,” the posters said.
“They want to humiliate Greece to send a warning to Spain, Portugal and Italy,” Hilario Montero, a pensioner at a pro-Greece demonstration in Madrid recently, said of Berlin and Brussels. “The message is you are not allowed to cross the lines they set.”
And she is left stuck between a rock and hard place...
“Germany is in this hegemonic role in Europe because we have no relevant right-wing populist parties,” Mr. Münkler said.
That is why Europe’s current showdown with Greece is critical for the future of Germany’s place in Europe, analysts say.
If Ms. Merkel approves a new lifeline for Athens after weeks of vitriolic debate, she is likely to face a furor from Germany’s right and stoke the country’s incipient euroskeptic movement.
If Greece careens out of the euro, Ms. Merkel will face blame for an episode that has further polarized Europe at a time when controversies over the U.K.’s EU membership and how to treat migrants and refugees are adding to the tensions wrought by the Ukraine crisis.
Claudia Major, a security specialist at the German Institute for International and Security Affairs, said: “If Greece were to leave the eurozone, this may someday be seen as the beginning of the end of the project of European integration—when the Germans were not in the position, as the leading power in shaping Europe, to be able to resolve things with the Greeks.”
* * *
As they conclude...
With every crisis in which Ms. Merkel acts as the Continent’s go-to problem solver, the message to many other Europeans is that for all the lip service about the common “European project,” it is the Germans and faceless bureaucrats in Brussels who run the show.
The pushback against German power in Europe is likely to grow if the eurozone crisis worsens or if Berlin’s policies grow more assertive.
»
- 51834 reads
- Printer-friendly version
- Send to friend
- advertisements -
Nien!
"Fuck Deutschland"
-El Greco Nuland
Greece has a problem? No. Germany, you gave Greece the money. YOU have a problem.
- Mr. Panos
And as much as that video was comedic, it has some truth.
Germany must concede. Holding on, just for the sake of pride...gets a lot of people killed.
the EU needs to create a secondary parallel currency to the Euro. As the secondary currency cures, then allow countries to bid on the nationalization of the secondary currency. Once the nationalization has matured...then they create a third parallel currency and go through the same process. Once Europe reestablishes is accomodation of multi-currencies...then, let nation states issue their own currencies as they disolve all Euro denominated debt.
People really get pissed when you try to take their free stuff away. Personal responsibility is pure evil.
Every leftist/progressive/communist group out there has one thing in common. They MUST have a strawman, a whipping boy, someone, something, or some group they can blame all their problems on. All of them. In the Europeans case, at present, it is the Germans. If it wasn't the Germans it would be whoever the next most prosperous group is. It has always been and will always be this way.
Here in the States all the above mentioned groups have the white man, or the confederate flag, George Bush* or in most cases that pesky neighbor who always seems to work hard and do well. Yea that SOB. He doesn't deserve that new car/boat/home addition what ever. YOU deserve it. After all didn't you get up this morning and do something for your daily bread. Or maybe your gov't check isn't as big as his and that is wrong.
Been this way from the beginning. It starts out with family members then grows into tribes then nations or religious groups. But it is always the same. THEY have all that STUFF and WE should have it. If it wasn't for THEM we would have it. Let's go kill THEM and take our "fair share." And so it goes...on and on.
So now we have the Greeks voting NO. What did they vote no to? So many think they voted to go the way of Iceland, to become independent and guide their own density (yes I know it is mispelled). They voted no to paying back the money they owe. What they said with this vote is "we don't owe any money and the strawman (richer Europeans mostly of German lineage) needs to give us more of everything cause we have the Acropolis and had something to do with 2 wolves and a lamb discussing dinner. They have it we want it.
The problem is now a days with technology there is nowhere left to run to to start again. Undoubtedly we will alter the situation by drastically reducing the world population. You will of course deduce I speak of WWIII or whatever we will call it. With the current bunch of goofballs in charge it will probably be called "The great Progressive Reset" or some such tripe.
* No I am not a Bush supporter. Never voted for him or his (Democratic opponents). But he is such a great example of the hypocrisy of the left. They blame so much on him and yet he is nothing but another progressive flunky. There is not an iota of difference between him and the current idiot in the White House. Well he had more class but that really doesn't matter as the policies of these two men are the same.
graneros says, "Every leftist/progressive/communist group out there has one thing in common. They MUST have a strawman, a whipping boy, someone, something, or some group they can blame all their problems on. All of them".
That's some cheek. The right wing/conservative/ultra-liberal groups blame all their ills on 1) the immigrants 2) the blacks 3) the Jews 4) anybody poor 4) what they call "the free shit army" 5) Saddam Hussein 4) Gaddafi 5) Assad 6) Putin 7) the muslims 8) Obama 9) any free health system 10) any State-run venture 10) the commies 11) the socialists 12) the Pope 13) the feminists 15) the federal State 16) China 17) Aipac 18) the Mexican drug cartel 18) the federal taxation 19) the Illuminati 20) central planning, etc.
All the right-wing groups are constantly on the lookout for scapegoats. All of them.
Thank you for making my point so eloquently and outing yourself as one of the lefties that plague this board. I never said a word about right wing groups. I don't play that he said she said game. Point in fact is that extremeists on both sides of the spectrum are all the same. Same tactics same goals, same type of people.
A good example of the sameness of left vs right would be the Nazis on the right and the Commies on the left. Their goals were/are the same. Dominate the human spirit and control the masses for their own personal benefit while spouting out the "power to the people" or "it's for the children" meme.
You can move along, or is that move on, no wait lean forward, cause I'll not argue with you or you sad BS of left vs right. All I did was point out some facts. You decided it was a left vs right thing.
"Thank you for making my point so eloquently and outing yourself as one of the lefties that plague this board."
Because I tell the truth means I'm a leftist? Do you think at all before you write?
"You decided it was a left vs right thing."
Let me copy-paste what you wrote once again so you can re-read your prose, "Every leftist/progressive/communist group out there has one thing in common."
That was not an attack on the left? Puh-leeze!
"I never said a word about right wing groups."
Of course you didn't. You were so busy making a hasty statement on the left wing you forgot that what you said applied to just about everyone in the USA.
By the way, I am left-wing, but forget it. You don't have any real left-wing left in the USA (the CIA has seen to that during all the Cold War) so you can't even begin to grasp what I am. I am European left wing, so you can drop your preconceptions. They don't apply. The cultural differences are gigantic.
You are stupid! And ignorant! You must be that liberal scum then! So infesting Russia now? Go on, fuck off to the West, liberal trash! That is where all of you degenerate, idiotic liberals belong to!
"You are stupid! And ignorant! You must be that liberal scum then!"
If you're talking to me, I'm not liberal. See? Cultural differences you can't understand.
Now who is ignorant?
You are. I can spot a Western liberal degenerate like from miles away. Bolshevik creatures are the same thing as Western liberal trash! Apolutely the same. After all, Bolsheviks are Western creation, and they reflect their creator's image. In any case, you have no idea what you are talking about. And you better fuck off westward... hopefully to Murica or any other English speaking swamp. Russia has had enough of you Western liberal trash!
Hey, graneros!
Who was right?
Some right-wing 12 year old troll (who pretends to be Russian and doesn't even know the difference between a Bolshevik and a Western liberal, are you kidding me?) hates me and thinks he's got me all mapped out with his crystal ball.
So, "lefties are all trying to blame everything on others, as opposed to right wingers who dont"?
I love being right.
Dathedr, if you're Russian, I am the queen of England. What you are is a loony.
I didn't say I was Russian. And you are no Russian either. If you are Russian, then I am the founder of Russian state and nation Rurik. I am Serb. As for you other trash-talk... you are confused, which is just the side effect of you being stupid actually. But you might have some that Windsor bitch DNA. You are both Western trash.
Dathedr, you are an American who maybe thinks he is of Serbian descent, but most probably is just some 'Murikan troll with no idea where he came from.
You started talking about Russia, which I immediately saw you know nothing about. Now it's Serbia. What next, you will be from the moon?
I happen to have Serbian friends, and they would never speak like you do. They are people, not animals.
You are American. Now go take you meds, miserable moron.
Bolshevik friends? Western, European scum like yourself? Which friends? I have never been to Murica nor would I ever go there, you ignorant, stupid Western Bolshevik trash! And those "Serbian" friends of yours you apparently speak to, are no Serbs you dumb creature. They are just some liberal or Boshevik creatures like yourself. You liberal Bolshevik scum have no people, nation, ancestry and country of your own. You are globalist, internationalist trash, so what the fuck do you mean when you say "Serbian," hm? Liberal Western trash, which have incubated here due to liberal Western media brainwashing et al, are no Serbs! You understand that?
Your liberal "Serbian" friends (we call them democrats, but Western moles are just as apt name as well) would sell their own mothers to the devil if there would be some profit for them in there. Such is the "morality" of your liberal Western friends here, you dumb creature! And I suspect you share that same Western "progressive morality," don't you? Like I said, you are the plague and you need to be eradicated! And you shall!
how about scapegoats are attractive to people of many persuasions?
divide and conquer. how the bosses stay in power.
Serbs cannot be trusted, and have very low IQ
we have 2 parties in th USA: CONservative and Atilla the Hun ultra Conservative ie; Democrats and Republicans
The spaniards must realy be fucken stupid,obama 77%.
Without a common currency the EU is just a drag for countries like Germany. Definitely not worth the financial and political investment. The only thing that makes it all worth dealing with is the ability to use southern europe as a market. It was the plan from the start and the true criminals are the southern nations who agreed to it, after being promised "integration", ie they were promised their own countries would become as fiscally sound as Germany, and Europe would have become a unified block with a strong currency. Definitely a pipe dream, but it's where the notion of austerity comes from. The german left seriously believed that their "smart policies" made germany powerful, instead of macroeconomics outside their control.
"Germany must concede. Holding on, just for the sake of pride...gets a lot of people killed."
Germany has no pride. No one who lives for power and money ever does. The Germans started three major wars in Europe, defaulted three times and never paid their debts, and now they're trying to lead its finances and policies.
Enough is enough.
You have no idea what you are talking about! Germany did not start any of the world wars; Britain did! When those ethnic Germans, trapped in Versailles Poland had started en masse getting killed by the Poles (hopefully you do know who instigated the crime, because it wasn't Poles who were just inredibly naive and stupid), Germany answered by declaring war to Poland. That wasn't world war, just war between Poland and Germany. But it became a world war when Britain declared war to Germany, as then France and British colonies followed Britsh footsteps. Then it became a world war. The same holds true for te first one. It wasn't started by Germany. Cecil Rhodes, Lord Ester, Lord Nathaniel Rothschild and William Stead were those men who plotted and in the end incited world war. You can read professor Quigley books "The Anglo-American Establishment" and "Tragedy of Hope" to dispel that enormous ignorance of yours! Your stupidity, on the other hand, cannot be cured!
"You have no idea what you are talking about! Germany did not start any of the world wars; Britain did!"
And so on, with the rest of what you wrote. A pet theory of the Neo-Nazis the USA are plagued with.
Read Mein Kampf. The whole war plan is laid out by Hitler himself.
By bye, moron.
So, it is a "theory" that Britain declared war to Germany after which France and British colonies did the same (which made the war a world war), hm? You think Germany declared war to Britain, France and their colonies? You stupid, ignorant Bolshevik trash!
And, you ignorant retard, I really think a nation which have given the world the best and most brilliant scientists have something to be proud of! There is no nation on this planet which you can compare to German scietific prowess. It was the reason why the Brits had plotted the first world war to begin with. Incidentally, you know what happened to the gold Czar Nicholas had given to the Brits and Muricans prior to the WW1 which was supposed to help to create "a league of nations" to "prevent all future wars." Brits and Muricans used it to fund Bolshevik "revolution," their infection of Russia. Czar had predominantly Germanic origins and was completely pro-European. Moron. All you pro-European trash should be dealt with. Exterminated. You are filth. A blight. Western scum.
Ahh. Forgot to adress the Mein Kampf part. You surely don't know this, but that Hitler's book was written by Emil Georg von Strauss' typewriter when that Anglo-mole named Adolf was in jail. Von Strauss was a bankster at Deutsche Bank, but more importantly he was a Rothschild servant, an employee of theirs. Who would let hundreds of thousands trapped British soldiers at Dunkirk to freedom but an Anglo-mole... a foreign agent? Hitler did that, yet he is portrayed as some Western "adversary." No adversaries do that. And no adversary bows and kisses that Windsor bitch's hand. But Anglo-mole Hitler did that too.
Incidentally, you know how Ukraine came to be? Are you familiar with history of Ukraine? I am guessing not. You are dumb liberal, what the fuck do you know about anything, hm? It was Bolsheviks, that Western moles, who created Ukraine as separate "state," when they came to power, and from there all ills which are tormenting today Ukraine and that part of the world originated. And Russia today could have been in the same situation as Germany was 70 yrs ago if it wasn't for Putin brilliance and anticipation of Anglo-Murican moves. You are ignorant and dumb. A true product of that Western moles, the Bolsheviks!
the EU needs to create a secondary parallel currency to the Euro.
Ah ... that good ole tried and true "good bank" / "bad bank" caper.
Any money given to Greece at this point is a fixed cost (and a lost cause). No German will ever see a cent of it again. If Germany does not give them more because Joe Athenian says "fucka zee krauts" then the average german benefits.
Hang on, since when is the German taxpayer involved in the whole thing? It's the German banks which are on the hook; somehow we've come to automatically assume that if banks' losses are too severe then the taxpayer hass to foot the bill. This is bullshit. Germans taxpayers should refuse to pay for banking losses, plain and simple.
German banks got rid of Greek debt already in the restructuring in 2010. It's now with the European institutions ie. the mainly German taxpayers.
No, the debt has been transfered to the ECB, meaning that in order to save the banks the ECB would have two choices, either recive a bailout from the member nations (mostly Germany) or print the currency to make up the asset value difference on loans defaulted. The first one is done by taxing the local populace directly, the second is done by devaluing the currency for all.
Don't take me wrong, I am in the suck it up, write off the debt and move on camp. I just know that the banks will pass any loses along to the populace.
Thanks for taking the time to explain.
But in the end Germany will have to give money to Greece so they will buy German stuff. No?
But in the end Germany will have to give money to Greece so they will buy German stuff. No?
Right ... like with a rope that loops back on itself you can climb to the moon.
This is the principle of the China - US relationship-vendor financing.
Let's go again until you people understand this: Germany transfered money THROUGH Greece to save German and French banks, zerohedge has multiple articles concerning this.
2010
Greece owed France 75bn and Germany 45bn
http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html?...
2015
Guarantees now France 30bn and Germany 90bn
It is France that got the bail out, and France will need another far larger one when Italy pops
Double post
“Germany is in this hegemonic role in Europe because we have no relevant right-wing populist parties,” Mr. Münkler said.
Perhaps - but that's changing.
Europe and the US would both benefit from the emergence of populist (read "not neoliberal") parties. On the left and the right.
Party politics sucks. It has a tendency to devolve to the point where member's loyalty is not to the people that they supposedly serve, but to the party itself. Fuck that.
And Winston Peters is tanned, rested... and ready!
Wow, the Anti-Russian propaganda seems to be working wonders over there. Even the average joe in the US isn't that stupid.
Even the average joe in the US isn't that stupid
Would you care to take a moment for a rethink.
It depends on the country in EU, there are huge differences in how we perceive Russia and Putin, as well as in other things. For example Central Europe (Hungary, Slovakia, Austria etc.) mostly like Russia. Serbians adore Russia. Greeks as well. Germans respect Russia (about 55% of them!). Italians also like Russia. But for example Poles, Spaniards and British seem to hate Russia. Others are somewhere in between. EU was a stupid project, European countries are simply too different to be in one "state". We will never agree with each other on most things. Never.
The anti-Russian propoganda is working because the average American Joe is that stupid. You personally may hang with a group that is smarter than the average bear but ask outside your group and you will hear how awful the Russians are and how we need to kick their asses once and for all.
Spaniards are fuckin nuts.
I'd happily trade that piece of shit obama for Mutti any day. Not that Merkel is anything great, but she isn't an obnoxious piece of stupid shit like barry, and she has some level of competency, even if mediocre.
Merkel is not stupid, just a coward. She knows why she wants austerity - she just does not want any more debt for Germany and in that she is right! However, she is pushed by the banksters. If she could really decide, you can be sure that she would have kicked Greece from eurozone long ago and it would have been better for both Germany and Greece. But she is pushed to have Greeks stay. What for??? She cant decide what she wants, so she at least plays stubborn and tries to protect Germany (which is her right). Unfortunately, she is no Putin, so she does everything half-way, which will finally make it worse for Germany.
I'm pretty sure the Germans are sick and tired of this too, and would be much happier building modern day Panzers than printing Euros.
Nien?????
Well, anyway, if the Spaniards are reported to approve of Obama, it clearly is a government set up, and we can't use it for anything. Even the Spanish can't be that blind!!
This is just getting weirder and weirder. Orwell, Huxley all mashed together, with a modern population with no brains, no morals and no experience.
http://investmentresearchdynamics.com/the-mint-is-out-of-silver-eagles/
...as silver drops under $15...
yeah...and another 20oz's just got taken away over at Silver Doctors...
who's trippin'????
not me.......
I'll hazard a guess.
"..JPMorgan’s (latest) gigantic silver-fraud, and the purpose behind that fraud. Further enlightenment comes via the interesting observations of Bill Holter (from June 26th):
First, we have an insane situation brewing in Comex silver. The open interest finally exceeded 200,000 contracts (1 billion ounces). I believe the only other time this much open interest existed was back in 1980 or ’81. This makes no sense whatsoever, the price is again plumbing 4 year lows yet open interest has moved to record highs…?
In other words; we have Mr. Holter reporting a market-insanity precisely parallel to what was just noted before this, where JPMorgan has (supposedly) accumulated an extreme, long position in the silver market (larger and more-extreme than in 1980), yet the price has gone down rather than up. Holter continues:
The fact open interest has expanded while price has declined is proof positive the “initiation” of this expanded open interest has been by “shorts” but absorbed by “someone” on the other side of the trade. Total global production of silver is only 800 million ounces or thereabouts so Comex shorts have contracted to deliver 25% more silver than will even be produced globally over the next 12 months. Silver available for Comex delivery only totals 57 million ounces so they sit on a naked short time bomb of more than 950 million ounces! [emphasis mine]" -
JPMorgan’s Imaginary ‘Silver Hoard’ Is ExplainedThank you, this has just told us that silver will skyrocket in price, and this would only occur when there is an international currency collapse - either to the EU or the US dollar. Lindsey Williams noted that it would happen about 13 days after declining a debt ceiling allowance at the US Treasury -or roughly two weeks. What is the expiration date of these contracts?
Gotta love the Italians... "Fuck it, pass the vino..."
they know that TPTB will bust out the joint and the spanish know that they know this...
Well Italy doesn't really have a government right now since there is no ruling coalition in parliment. I get the feeling that will change by next election.....
The. Milan Stock Exchange is still open.
I think the Athens Stock is...or at least WAS...ten times bigger.
The collapse of the Euro might not go over to well in Milan.
IF that is the problem we are about to witness...
Wow Spain, love your liberals much?
off topic, but this is the most important story of the day so far:
http://patch.com/massachusetts/westroxbury/s/f3e3o/breaking-subways-jare...
I knew it.
Spics, box heads and wops never got along to begin with
Well things are going just swimmingly for Germany and it's rainbows forever for the EU.......
Plan A: Keep the screws tight on Greece and ride this out
Plan B: Prepare to bail out all of Southern Europe about 10 minutes after bailing out Greece
Plan C: Germany preeptively exits the Euro
Decisions, decisions. Yes, I realize I left off Plan D: War. But that won't be Germany's call.
Try A while prepping for C.
I expected plan C a few years back when the EU started wobbling. I failed to take into account normal German tendencies.....
1200 adults in Spain are total retards
648, imho
if you want to get picky then 924, those that give Obama approval
Obama on 77% - just shows Europe is clueless...
Europe loves O because they do not have to live with the consequences of his decisions. They think, oh, he is one of us, a social dem, handing out free shit to everybody. Wouldn't we want a leader like that than that evil bitch in Deutschland who wants to cut our pension check?
What do you mean by "do not have to live with the consequences of his decisions"??? Europe literally lives with the consequances of the stupid decisions coming out of Washington! Look at Ukraine (Soros said Europe has to pay for it...), Greece (why was IMF involved in the first place, this is EU matter! not to mention Goldman...), TTIP (EU losing a LOT if this is signed), NSA (industrial espionage and compromising material collected for years), to name just a few key "consequences"... if Europe really thinks Obama is doing them a favor they are living in an alternative universe.
It is the unfortunate outcome of socializing loss. Morals, values, self-respect and sacrifice go out the window. It is then 'Blame-on' in full regalia.
I already said it here, there is no "Europe". And never will be. EU countries are VERY different from each other - culturally, psychlogically. And it seems the most stupid ones are Poles, Brits and Spaniards.
This smells like total bullshit
By the end of this week Merkel will be more disapproved of than Putin
SYRIZA Forces Demand “Requisitioning” of Greek Central Bank
While the international press announced possible failure to Greece liquidity by the European Central Bank, a major faction of SYRIZA plans to declare a state of emergency and invoke the Treaty of Lisbon against the ECB.
TND Guest Contributor: Webster Tarpley
Full story: http://thenewsdoctors.com/?p=479023
Holy crap! I didn't know they could do THAT! What are the chances of it actually happening? (but one can always dream...)
From your link:
I guess we would have to cancel JADE HELM and get ready to invade Greece at the command of the Supreme Allied Central Bank. One bank to rule them all!
Except that Greece is already in violation of treaty so they can dream I guess...
Maybe Barry O can move to Spain. They seem to think he's doing a great job.
yeah those #s just go to show that the propaganda is laid on nice and thick in espana
Funny how these leftists are aligned with the 'finance' position... and how the WSJ is prompt at indicating they are right against the intellectually challenged german kanzlerin who only think about real economic reforms when Wall Street is ready to help all the poor people in southern Europe (with Germany's money, but trust them, WS will use it well). When policy revolves around eliminating short term pain regardless of long term consequences, dark times are approaching.
Wall Street Jornal Joooos nooooos.
Putin bad, Obamao good, Camaroooon peachy. Polls... ppppfffft.
is it really germany's fault that the club med countries suck?
Greece and co. are where they are at b/c they have shitty leadership. Sorta like the US.
All these retards (IMF, ECB, etc... ) that loaned money to greece were stupid. These were loans that were never going to get repaid.
The only thing Germany did was get itself hitched to a bunch of deadbeats. Sorry guys. Bad marriage. Time for a divorce. i say Germany should pull out before Greece does.
Germany lowered the bar for Eurozone entry to get the Greeks in, and then the German, and other european banks lent the Greeks and the rest of the PIIGS money they couldn't repay. Not only that, but they knew they couldn't repay, and lent them more anyway.
If you loan 50,000 dollars to a guy with no job, and on the edge of foreclosure, who's fault is it that you didn't get the money back? In the end fiduciary responsibility lies with the lender.
#41
Now where is that pic again of Vlad and the bowl of popcorn...?
Merkel is starting to come off as the dancing hippo in fantasia.
The question is whether the current intention is to create divisions and animosity between the various peoples, classes and countries?
Or are they really holding onto the belief that they are powerful enough to force the entire world into global slavery?
Or both ... figuring that they need to tear it down before they can build it up in their perfect image of global slavery.
After Greece, there is no more pretense that they are doing this for our benefit.
Americans worship lucifer and wear it on their shirts like a fashion statement.
Nothing to save here,
only blood.
No .. only the elitists and those who worship elitism worship Mammon and Lucifer.
Most Americans are good people. It is a shame that the so called leaders and elitist pretty much all suck.
"The pushback against German power in Europe is likely to grow if the eurozone crisis worsens or if Berlin’s policies grow more assertive."
What do they expect? Germany to roll over and jepordize its own economy by caving to nations that can't be fiscally responsible? Germany has its own welfare state to pay for.
So the farther they are away from Spain the more people approve.
If Spain had Obama he'd be at zero...like here in the USA.
Spanish ZHers would you care to comment?
Going by the chart they would be too busy lickiing Reggie's spital off Barry's dick to comment.
How fucking stupid can a populace be to adore obama that much? Even americans aren't that stupid ... yet.
What can i say? I'm ashamed of my fellow countrymen (as every spaniard that has or will ever been born btw.)
Just for the record, i do have a deep man crush on Putin since years ago. He took a hopeless country and forged a regional power.
Also i did respect Obama for his victory over Clinton, but too many treasons have come after that. Now i just despise the guy.
I do have ambivalent feelings about Frau Merkel. Sometimes she looks like she is willing to confront our american overlord, but the second after she just bend on her knees like everybody else.
The other ones on the chart are just clowns. No special feelings about them.
As for the new man, Iglesias, he looks like the Tsipras guy. More a consecuence of the global desperation than anything else. A libertarian counterpart has been born recently, Rivera, but i think the NYT has not wrote about him yet.
German citizens are NOT the losers here. The greeks are doing the average kraut on the street a favor. Not the kraut govt, mind you, but the average german who will be bailing everyone out. Basically greece will default on everthing anyhow, so whatever they have is lost, but by "rejecting" the deal they are relieving the german taxpayers of having to sink in and lose more money on the greeks. Only politicians are humiliated by this - not the german people who have to pay the bills.
Absolutely spot on
What precisely are the "German people" supposed to pay with???
You DO know that the average German is a debtor?
I'm shocked with Obama's position on the survey... Putin's also... I didn't know that the Spanish people were so retrograde
They are a poor nation, and I am sure their madia, and who pays for it, has a lot to do with this survey results.
Doctored poll numbers?
Greece is now Snowball, and everything is Snowball's fault.
Spare use the drama and default now. Just get it over with. Spare use the slap and tickle. Just default.
I will be looking for "marks" before "drachmas"
the advantage is clear to see and is clear to see it changing!
drachmas or rubles maybe the same thing?
This is a well known BOLSHEVIK THINK TANK. No surprise that they are criticizing Merkel & the conservatives. The Marxist rabble rouser Tsipras is their boy.
If you want Northern Europe's cash, then you should expect to have to follow their rules.
Utter nonsense. How can Obama be that popular anywhere other than in his own ego.
Don't forget France.
There is no EU without France.
.
.
"what is happening now is a defeat for Germany, especially, far more than for any other country."
Said like a true, self-loathing Berliner Leftist (but I repeat myself).
“If Greece were to leave the eurozone, this may someday be seen as the beginning of the end of the project of European integration—when the Germans were not in the position, as the leading power in shaping Europe, to be able to resolve things with the Greeks."
Yeah, because the Greeks were ALWAYS so cooperative and constructive in their efforts to reach a mutually equitable solution. *ROLLS EYES*
“The primacy of politics over markets must be enforced.” —Angela Merkel
The Spanish are fucking CLOWNS and hopelessly Subservient.
Merkel is going to host a milk sucking soup line. She claims, her breast can feed the entire EU from starvation.
;p
Salivating at the thought.
"what is happening now is a defeat for Germany, especially, far more than for any other country."
So they lost EUW I also ?
Stupid Germans, they never learn.
Opps. Double post
Jumped over to Silver Doctor and got the following message:
The US Mint has just notified Authorized Dealers that it is ENTIRELY SOLD OUT of Silver Eagles, and WILL NOT TAKE FURTHER ORDERS UNTIL AUGUST 2015!
This morning we warned that a massive jump in silver premiums was imminent as premiums on 90% silver had tripled in the past 48 hours.
Surprise....
The market can remain irrational longer than I can remain solvent.
I hope that's NOT true for you Paveway 1V. You seem toooo sensible to be shafted like the cock-suckers awaiting their margin calls.
Is it any surprise that Obama gets such high ratings. If you controlled the news feeds into Europe you too would have good ratings. Now turn that around and here in the US Obama's ratings are dropping everytime he opens his lying mouth.
Obama is as socialist as the Spaniards, imagine socialists are not happy the "free" ride is over...
approve or disapprove? all i can see is a like-or-dislike poll
"On Friday, Spanish antiausterity leader Pablo Iglesias urged his countrymen: “We don’t want to be a German colony.”
its not something in future. becoming part of the eu is becoming a colony
16% disapprove of Obama and 76% disapprove of Putin. I had no idea Spaniards are that stupid.
Yep! The biggest fight is not with the Bankers it's with what's left of the so called petty bourgeoisie who still believe the upper classes will come back for them.
Deh ain't coming back fuckwits and your children will have to stomach reality with the Riff-Raff.
I am really going to enjoy watching the lay-offs of the cabal's stooges; media execs, civil servants, university lecturers, spooks etc etc. When the Public Chain is flushed for good and the hanger-on asswipes ,who have never done a hard day's work, come face to face with their creation and realisation dawns, i for one will never let you forget your brown-nosing.
Fake poll.....The Spanish cant wait for their turn to vote themselves out of the EU
Barry with a 77 percent approval rating, wtf, are these people stoned?
Can Merkel and the IMF get no respect...they are like the police officers who serve eviction notices to deliquent home owners..Don't shoot the messenger...
As I sit here pissing myself laughing at the state the western world has found itself in, thanks to us lot taking our eyes of the ball and just getting on with work and such like, never batting an eyelid over these child raping fucking imbeciles who still are determined to ruin us, with the continuation of the policies that brought us right to the fucking imbecilic door where we find ourselves now.
This isnt even parody now, this is just a fucking joke, like that uncle you all have making a right fucking tit of himself pissed owt of his face on the karaoke machine in the local bar, but who thinks hes fucking mint. While you lot look on mortified he had the fucking balls to cunt you all off like that. Trust me, I'm an uncle.
Its not worth getting chewed to bits about it, its coming down, and the fucking imbecilic child rapers know it. they just dont have a fucking clue what to do about it, seeing as these paragons of virtue caused the fucker in the first place. As Einstein said, the problem cant be fixed by those that caused it. Sit back, relax, chill owt, have a joint and a can, and laugh.
They have to come knocking on doors soon, you think these owtright fucking clowns are up to the job? And the lackeys?
Aye, right. You lot will be fucking fine.
;-)
What a nonsense, they never had any austerity. Government is halve of gdp, they are mostly leeches chasing away the private sector.
Stop begging for money and blaming others for your own socialist hell hole.
spain for your next election i wish you obama to become your next president\
you will regret it so hard
"What Is Happening Now Is A Defeat For Germany"
No it isn't.
It is a defeat for German Banks who stupidly invested in Fruadulent Greek assets.
It is a defeat for the German Government who subsidized and backstopped those German banks above its citizens.
For the average German it is a good thing.
...unless we're talking about an individual German who, perhaps, believes that his government can give him something-for-nothing.
That German is in for a rude awakening from the Greeks...for he believes exactly what the Greeks believed, and will be rudely awakened for the same reason.
The Spanish approval chart showing Obola in top position and Putin at the bottom tells us all we need to know about the misguided and upside down thinking of the Spanish.
At best, they soak up all the MSM lies, propaganda and distortions. At worst, they actually like all the big government that Obola imposes.
or is the entire poll fake?
OMG (!!!!!) Good Lord ... A fake poll???
Whatever next ...............
;-)
a usa poll would have to include the answer, "i don't know who that is".....and it would get the most answers.
The tragedy with Europe is that rather sooner than later some country wants to dominate the others thinking that their country/system/philosophy is 'exceptional' and an example for the rest. A bit like the US relation with the world stage let's say.
Everybody wants to be a bigshot.
"In Spain, only Vladmir Putin is more disapproved of than Angela Merkel."
This can be easily explained with the immense 'freedom of speech' in the European Union. Here is one example:
Poland’s media watchdog may revoke local radio license after station aired Russian shows
Here is another:
Restrictions on Russian TV Channels Not Censorship: Lithuanian President
and another:
Falling out of mainstream? German channel probed for broadcasting RT show
and there are more.
One day, ZH European readers may be greeted with the following message when trying to access ZeroHedge:
"This site is not available in your country"
she is being deriled for saddling Greeks with "soup kicthens upon soup kitchens."
Isn't that interesting. A trader fails to deliver as promised and the trading parter is deriled. Go figure.
You know what rational traders do in such instances ... they quit trading with the deadbeat trader.
Of course. There's no point in continuing to play once the rube catches on to the con. It stops being easy to win, and they might call the cops.
The EU was not designed for a united Germany. It was supposed to have a BALANCE between France and a more modest West Germany, with Italy, Britain, and the Netherlands for swing votes. The re-unification of Germany created a powerhouse that overwhelmed all other members and probably was a significant part of Thatcher's decision to keep Britain out of the common currency. Remember, the Brits have been trying to prevent Germany hegemony over the Continent since 1870.
The result of a unified, prosperous Germany has been for the entire rest of a restive continent to become unwillingly subordinate. The economic power is unquestionable and has been irresistable, but Europeans are an independent lot and don't like being dictated to by arrogant bastards who think they are the Master Race (or at least, the Most Virtuous Culture). In the Greek standoff, the irresistable force of German wealth finally met the immovable object of sheer Greek cussedness. And everybody who wishes they had had the balls to do the same is cheering.
Germany is already a colony of Satan America
Every nation that hosts American military base is a colony of USA
let them understand.
They are being snooped upon,
Their govt policies are dictated ,
Their budgets are dictated
They are forced to buy exorbitantly costly (& outdated) american military weapons & hardware which have little life & little value, a way of siphoning money from these colonies.
(The Hercules crashes recently in Indonesia & in India, Hercules are outdated, junk Aircraft peddled by USA , for many billion $ each)
Brilliant; German company's want to turn Eastward, but with sanctions and all that puts Merkle in a bad place. This may help her; since the EU can just hate the Germans (whose economy actually functions) & the Germans can be hated and do what they would really like to do and leave the EU, which then in-turn falls into pieces called sovereign nations...once again. Hope it works out for Germany and the rest of Europe and the ECU becomes isolated into nothing..poof!