And now we see the Èlysée Palace has buckled under pressure and capitulated to the (upcoming) Fourth Reich.
PARIS/BERLIN (Own report) – Berlin is loudly applauding French President François Hollande’s adaptation of Germany’s model of austerity. His announcement of a cutback in public expenditures to clearly favor business, could “only be seen as good news,” declared Foreign Minister Frank-Walter Steinmeier. German media point to the fact that Hollande has announced measures that – in certain aspects – are modeled on Germany’s “Agenda 2010,” which had been developed by the Federal Chancellery under the auspices of Frank-Walter Steinmeier, at the time, Federal Chancellery Chief of Staff under Gerhard Schröder. It had enabled Berlin to consolidate its economic predominance over Europe. Whether Paris will be able to imitate the German austerity policy is unsure. Hollande’s predecessor, Nicolas Sarkozy had tried, but he lost the presidential elections in the spring of 2012. Notwithstanding, in Berlin further steps to cut back on social welfare achievements are again in discussion. Yesterday, German President Joachim Gauck complained that the term “neo-liberal” has a negative connotation, which must be changed. Continue reading