German Finance Minister Wolfgang Schäuble has an ambitious plan to change the European Monetary Union and the collapse of Greece was part of it, former Greek Finance Minister Yanis Varoufakis wrote in an article.
Every day, people are becoming more awake and seeing it for what it is, yet articles like these still miss the bigger picture: The Euro was designed to fail.
It was known this many countries with too many differing economies and cultures could not get along in one basket in the first place — nobody is this dumb. Therefore, let them in even if they don’t qualify anyways and watch a crisis unfold. Create the crisis, break the countries and provide the pre-determined solution that shapes them into the United States of Europe mold you longed for. The Fourth Reich has landed and all roads lead to Berlin. Within the next few years expect Washington to be pushed out of Europe, politically and militarily. This would also be the end of NATO, which will be replaced by a European Army. Politically and economically, Germany wants its continent back.
If European Monetary Authorities could prevent a Lehman moment in case Greece has to leave the Euro we expect the euro to surge the coming months. Greece exiting the European Monetary Union will establish Berlin as the new geopolitical player to reckon with.
- Greece exiting the EMU will be a victory for German elite and establish German dominance in the European Monetary Union.
- A Greek exit will expose the relative weakness of the BRICS Bank versus European financial institutions like the EMU. The BRICS Bank fund will not be sufficient to rescue Greece. A BRICS bank not being able to help Greece will expose its relative weakness in comparison to the European financial institutions. It will be clear that only the ECB and the EMU have the financial capacity to solve problems of the magnitude of Greece. Continue reading
With a Greek default, shortly followed by a Grexit, a collapse of the “irreversible union” (but… but… “political capital“), and ultimately the end of the latest European monetary union experiment (the latest in a long and illustrious series of prior failures) now seemingly imminent, the blame game has begun. As the NYT noted overnight “the recriminations that would then fly would be so bitter that they would inflict a second round of damage.”
But who is really to blame? Continue reading
Although the article has a point and the population is truly in decline, Germany should not be counted out. Germans have the know-how, a very modern infrastructure, are still the most industrious and forward thinking people with a vision that no other on the European continent has or can be compared to. It didn’t literally give its manufacturing base to the Chinese.
Germany has peaked. Its hegemony in Europe is a “power illusion”, a confluence of fleeting advantages soon to be overwhelmed by the delayed effect of error and the crush of historic forces.
If demography is destiny, it may be clear within five years that ageing Germany is going the way of Japan. Within 20 years it may equally be clear France and Britain are regaining their 19th century role as the two dominant powers of Europe, albeit a diminished prize. Continue reading
German Chancellor Angela Merkel and French President François Hollande want to install a government for the Eurozone. This could change the EU’s structure, according to the press in both countries, but only if the leaders’ understanding is sustainable.
Angela Merkel and François Hollande have made up. The “Franco-German contribution,” announced on May 30, shows that the German Chancellor now supports the French President’s proposals concerning the governance of the Eurozone. French financial daily Les Echos notes that: Continue reading