BERLIN (Own report) – With intense shuttle diplomacy, members of the German government are seeking to avert the impending US punitive tariffs on European goods and the loss of access to the important US market. Following Germany’s Finance Minster Olaf Scholz’s visit to the US capital yesterday, Chancellor Angela Merkel is expected in Washington on Friday. Already in the run up to these visits, Berlin seems ready to envisage a revival of the Transatlantic Trade and Investment Partnership (TTIP). This strategic decision is accompanied by a clear frontline position against China, as was resolutely demanded by the Trump administration. In addition, German-Russian business relations are increasingly under attack in Washington. At the same time, EU criticism of Germany’s unilateral trade policies is growing. Germany’s export oriented economy is particularly vulnerable to the protectionism that is gaining strength on a global scale. Berlin’s Beggar-thy-Neighbor-Policy could prove a strategic disadvantage under these new global economic conditions. Continue reading
While the majority keep bashing the Federal Reserve, other central banks seem to escape any criticism. The European Central Bank under Mario Draghi has engaged in what history will call the Great Monetary Experiment of the 21st Century – the daring experiment of negative interest rates. A look behind the scenes reveals that this experiment has been not just a failure, it has undermined the entire global economic structure. Continue reading
BRUSSELS chiefs are piling pressure on EU members to back plans for a banking union, which will see nations forced to cover bank failures anywhere in the bloc, as it ramps up efforts to reform the Union.
The European Commission wants to plough ahead with the creation of a bloc-wide banking union, which was first proposed in 2012 by the end of 2018, in a bid to prevent a repeat of the 2008/09 financial crisis. Continue reading
Angela Merkel is considered to be the world’s most powerful woman and perhaps Europe’s most powerful person. She’s about to be re-elected as Germany’s Chancellor for the fourth consecutive time. Her policies have provoked a lot of debate, from Germany’s decision to phase out nuclear energy over the Eurozone bailouts onto her refugee policies.
What has received much less attention is how she entered politics. A number of biographies have been written about her, with the most critical one perhaps being “the first life of Angela M”, written in 2013 by a journalist for Die Welt who later joined the rightwing populist AfD party. This centered on how she was a member of the FDJ, the communist youth organization, when she was at school, and how she later served as cultural secretary for the FDJ while working as a physicist at the Academy of Sciences, leading to Merkel denying this role included propaganda. Continue reading
As mentioned several times in the past, Germany is running the European Union and Europe once again. This time around the conquest is via subjugation of national sovereignty and economic warfare. They have their key politicians in key positions across the European board. The European Commission, European Central Bank and International Monetary fund (the Troika) are all but one example. Regardless of how everything on the EU landscape currently looks, further federalization/integration is the only solution they keep proposing to their problems, and this is ultimately leading to a United States of Europe with its own European Army, which is already beginning to supplant NATO. The Fourth Reich has landed and if you’re looking for Nazis, you’re 70 years too late.
BERLIN/BRUSSELS (Own report) – The EU finance ministers’ decision to appoint the Spaniard Luis de Guindos to be vice president of the European Central Bank (ECB), will boost the chances of German Bundesbank President Jens Weidmann to become its next president. Berlin has welcomed the decision for Spain’s current Minister of the Economy Guindos, considered to be one of the fathers of the Spanish real estate bubble. Subsequent to his designation as vice-president, a northern European is expected to be given the post of ECB president, due to the EU’s proportional regional representation. According to observers, a conceivable deal may be reached with Germany’s Weidmann at the helm of the ECB and the post of EU Commission President going to France. The current German Bundesbank president is unpopular in Southern Europe because he has been systematically trying to prevent current ECB President Mario Draghi’s bond buying programs, considered to be vital for the crisis stricken countries. With Weidmann as ECB president, Germany would further tighten its grip on the euro zone’s financial institutions.
THE EUROPEAN Central Bank has accused the US of manipulating exchange rates as tensions between Brussels and Washington continue to escalate wildly.
The ECB is concerned the US is attempting to exert “political influence” on exchange rates, with the issue set to explode into outright confrontation at an upcoming G20 meeting.
The eurozone bank said it was “certainly concerned” by perceived attempts to influence the exchange rate in favour of the US dollar. Continue reading
No other country seems to lecture EU states as much as Germany. But, embarrassingly, Angela Merkel’s government is in breach of European regulations more than anyone else.
Yes, it’s really true: Germany is the top rule breaker in the European Union. The country, which has lectured debt sinners like Greece, performs worst in complying with European Union legislation. Physician, heal thyself. Continue reading
Merkel faces the worst crisis of her career and many behind the curtain are starting to wonder if she will even survive. The German Federal President Steinmeier could not actually order new elections immediately. The procedure in this regard is quite complicated in Germany. The earliest possible alternative would be to hold new elections come the spring of 2018. It is likely that the AFD is likely to gather even greater support from new elections. Nonetheless, the CDU will continue to support Merkel at least right now. However, the CDU has been severely weakened by the election and if we do not see new elections until the spring, there is a distinct possibility that Merkel’s support even within the CDU could collapse if they see the AfD will win even greater support. Continue reading
Just some examples of George Soros’ network of influence.
Unlike the mad ‘Russian collusion’ conspiracies being peddled by the tinfoil hat wearers, there is real and documented evidence of billionaire George Soros’ global influence which gets virtually no coverage outside of the new media (funny that!).
Did you know that Soros met with Juncker and other top EU officials several times over the summer? Continue reading
GERMAN leader Angela Merkel is yet to form a government seven weeks after the country went to the polls.
Voters went to the polls on September 24 in an embarassing election for Mrs Merkel’s conservatives who bled support to the far right.
If coalition talks stall Berlin would face a lengthy period of uncertainty at a time when many in the European Union are looking to Germany for leadership on issues ranging from euro zone governance to trans-Atlantic relations. Continue reading
In his farewell interview for the Financial Times, Federal Minister of Finance Wolfgang Schäuble warned of a new global financial crisis predicated upon the Quantity of Money theory that the central banks had pumped trillions of dollars into the financial system that is creating a risk of “new bubbles”. Indeed, many just do not comprehend what is going on and are blaming the new highs in share markets on concerns about the increased risks from the accumulation of more and more liquidity and the growth of public and private debt. Continue reading
With one foot out of the door of Germany’s finance ministry, the former head of the German economy, Wolfgang Schäuble, 75, delivered a fire and brimstone warning over the weekend, telling the FT in an interview that there was a danger of “new bubbles” forming due to the trillions of dollars that central banks have pumped into markets. Schäuble also warned of risks to stability in the eurozone, particularly those posed by bank balance sheets burdened by the post-crisis legacy of non-performing loans, something we warned about since 2012, and an issue which remains largely unresolved.
Taking a broad swipe at the current financial regime – which he helped design – Schauble warned that the world was in danger of “encouraging new bubbles to form”. Continue reading
The construction of the United States of Europe and its European Army is still in full motion with Germany’s Fourth Reich at the helm and France toeing the line. This is barely beginning to be noticed by a few people but has been discussed and tracked on Global Geopolitics since 2011.
Just two days after the Alternative for Germany (AfD) party won a larger-than-expected 13% of the vote in Germany’s federal elections over the weekend – dealing a staggering defeat to Chancellor Angela Merkel’s Christian Democrat-led coalition which suffered its worst electoral showing since 1949 – French President Emmanuel Macron delivered a lesson in contrasts when he gave what the Financial Times described as “the most integrationist speech by a French leader since the creation of the euro.”
Speaking to students at the Sorbonne in Paris, Macron said that “the challenge is vital: the sea walls behind which Europe has thrived have gone,” adding that “we need to trace the only path ensuring our future; it is the refoundation of a sovereign, united and democratic Europe.”
In other words, a United States of Europe. Continue reading