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Someone who puts a 'national emblem' in his moniker in such a way, carries 'racism' and chauvinism in front of him that's enough to make one puke!
The perverted racist here is YOU (germanborn) TURK!
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Someone who puts a 'national emblem' in his moniker in such a way, carries 'racism' and chauvinism in front of him that's enough to make one puke!
The perverted racist here is YOU (germanborn) TURK!
Mr Röttgen is not racist enough to mobelize all CDU voters. But on the othere hand, not all CDU voters are racist.
As inteligent and honest person you have got only one choice.
Last opportunity for Europe is close to an end, when Mrs Merkel falls the last line of defense against progressive hordes will fall too, and Europe will head to decomposition.
Last elections in France, Greece and Germany show that people want to keep on expending more than they have, they turn down austerity because is unpleasant. Unfortunately when in a family, company or state you spend more than you have, the only way to rebalance your budget is the austerity.
But fake messiahs as Mr. Hollande or Mrs. Kraft pledge a magical welfare state where people will have rights without obligations and they will spend more and more for ever.
This kind of thinking have already destroyed Greece, Spain and Portugal and now the progressive virus is attacking the core of Europe. In France the infection is irreversible and actualy the seed of the virus is growing in Germany too.
But of course the virus will finally collapse Europe and its reaction will have the form of far left and far right parties that will threat democracy. Therefore if European citizens don't take care of democracy, supporting unrealistic options, they finally might lose it.
uh From Madrid I'm hearing some strikes noises, can't you too?
The reason why germany is economicelly in a good shape, ist not Mrs Merkel and her Party-Friends. It was Mr. Schröder, a socialdemocrate, who made bussiness-friendly decision, 10 Years ago. Mrs Merkel is now relishing the fruit of Mr. Schröders Work.
I do believe that some parties in Germany perform better, then Mrs Merkels CDU/CSU(Oldmen, oldwomen- Party)
Hi Marie.Claude, take care with history, if someone had talked to a guy in late 20s, having fun in a Berlin's whorehouse, that his country would trigger, only 10 years later, a war with 50 million deaths, and that his beloved Berlin, the most open minded city around the world, would be pulverize by tons and tons of bombs, he likely would have made the same joke than you.
in the late 20s, Berlin was furious at the French and at the Jews
In the golden late 20s Berlin's citizens were not furious, it was the most vibrant period in their history. They were focus in culture, architecture, design, literature, painting, cinema, fashion or music. But overall they were focus in hundred of cabarets where thounsands of whores could satisfy any sexual fantasy. They really became furious when Hitler rose the power and declared Berlin the city of vice and closed down all the whorehouses.
but then you're talking of the villans, and not of the military and government elites
Hi MC, engaged in overindulging prejudices again?
The 'goose-steppers' and brown shirts dared to go public only once - and were swiftly thrown in jail then - before the chauvinist French celebrated their 'victory' on the corpses of dead German women and children when iniquitously occupying the Ruhr region and trying to annex the Rhineland against international law.
These French atrocities against the civilian German population united Germans right across the political spectrum, created various nationalist groups and boosted 'sympathy' for the Nazis.
Thus, France was one of the worst stirrup-holders of Adolf Hitler!
cry me a river, you Germanz are very prompt to hold the victim card, but it's only manipulative inventions to discredit the French
while whole villages in France, Italy... were eradicated from the map, inhabitants (children, women, elders...) locked in churches and burnt alive
Do you want some names to refresh your memory?
We are talking here about France's Dictate-of-Versailles atrocities in peacetime on the Ruhr and in the Rhineland, not about wartime actions, where all sides were involved in killing sprees. Don't mix up subjects!
which atrocities? ach Ja the senegalese troops that frightened the blonde Teutonnes?
hmm Germany wasn't destroyed like France and Belgium were, there true atrocities were committed by the german occupation !
You are silly, MC. I'm not talking about wartime.
This what the French did against German families, women and children, was during supposed "peace time".
Only the dumbest and lamest of the German people could have 'apprenticed' the French brutalities in the Rhineland and on the Ruhr.
The Swiss, and even Brits and many neutral observers, were disgusted by French lapse into barbarism in peace time.
"while whole villages in France, Italy... were eradicated from the map, inhabitants".
Not during WW I. You are mixing up soldiers duties in WW I and NAZI-SS atrocities during WW II. While the humiliations, mass murder of civilians, mass raping and other brutalities and atrocities of French occupants took place after the "Peace Treaty" of Versailles. French atrocities played into the hands of German resistance and gave sympathies to every politician who denounced the French troops' crimes against civilians in PEACETIME, also against German woman and children ... This was not in a war situation.
French officers openly 'invited' illiterate African troops to mass- and gang rape German women, who would have been beaten to death by their French superiors if they'd dare to do this to white French girls. This and the shooting into crowds of unarmed civilians were 'peacetime crimes' ... not war crimes. This was unknown to Western Europe since the 30-years-war.
résumé of your link:
Il fallait donc éviter de mentionner les « atrocités » et les violences d'occupation, par nature asymétriques car touchant des civils en premier lieu. Une forme d'amnésie qui accentuait les différences entre mémoires régionales et nationales de la guerre. Cette forme d'amnésie, paradoxalement, était nécessaire au discours de démobilisation culturelle au niveau national, mais en même temps pouvait la rendre plus ardue sur les terrains de l'ancienne rencontre entre occupants et occupés, aussi bien entre 1914 et 1918 qu'entre 1918 et 1924.
"s it true that the German army, invading Belgium and France in August 1914, perpetrated brutal atrocities? Or are accounts of the deaths of thousands of unarmed civilians mere fabrications constructed by fanatically anti-German Allied propagandists? Based on research in the archives of Belgium, Britain, France, Germany, and Italy, this pathbreaking book uncovers the truth of the events of autumn 1914 and explains how the politics of propaganda and memory have shaped radically different versions of that truth. John Horne and Alan Kramer mine military reports, official and private records, witness evidence, and war diaries to document the crimes that scholars have long denied: a campaign of brutality that led to the deaths of some 6500 Belgian and French civilians. Contemporary German accounts insisted that the civilians were guerrillas, executed for illegal resistance. In reality this claim originated in a vast collective delusion on the part of German soldiers. The authors establish how this myth originated and operated, and how opposed Allied and German views of events were used in the propaganda war. They trace the memory and forgetting of the atrocities on both sides up to and beyond World War II. Meticulously researched and convincingly argued, this book reopens a painful chapter in European history while contributing to broader debates about myth, propaganda, memory, war crimes, and the nature of the First World War. Winner of the Fraenkel Prize for Contemporary History in 2000"
Wars are acts of the most extreme form of violence thinkable. War has the "intention to kill and eliminate the enemy". This is an intrinsic feature of warfare. So don't compare apples with oranges. France had its 'revenge' with the Treaty of Versailles - even though the French were as 'guilty' for that war as the Germans were (not by Allied definition maybe then, but by today's definition).
I was talking about what led to revenge desires and radicalism in Germany later. Your link explicitly states that the French troops, when they peacefully entered Germany after the implementation of the armistice did NOT meet hostility. But it was the stupidity of the French revanchist brutality, in a time which should have created lasting peace, that created the hatred which helped to built the groundwork for German counter-revenge . . . and eventually helped the Nazis to rise. This is meanwhile a historical fact.
True Peace Treaties have the intention, by nature, to create lasting "peace". The French interpretation of that "peace" treaty, exercised between 1918 and 1930, resembled rather a continuation of the war, which consequently . . . led to war!!
you're twisting history facts, it's Germany revenges desires, and its non acceptation of being the war loser, as far as Versailles war reparations, it's your remnent, and the Nazis's remnent argument, BUT, these reparations never were what the Versailles articles promulgated, besides of that, they had quite a few times haircuts before Hitler's rising, anyways, they were nothing that Germany couldn't have repaid, considering the dammages that Germany did in Belgium and in France, and often , made purposely, and the recovered whealthy german GDP, in much better shape than previous 1914 !
You're of a bad faith and a Kaiser and third Reich Germany apologist
The regional conflict over the assassination of Archduke Franz Ferdinand of Austria and his wife developed into a "world-war" because France and Britain wanted it to.
That the Nazis were using the French atrocities (during the occupation of the Rhineland, and the industrial regions against the German civilian population) as 'welcomed propaganda material' doesn't make these facts less true, neither does it justify them. How can anyone but a pervert declare instigated rape as 'acceptable means'?
It is also a widely accepted fact that the regional conflict over the assassination of Archduke Franz Ferdinand of Austria and his wife turned into a fully fledged world-war because all big European powers wanted it to, not "just Germany". Someone who claims otherwise is "twisting history facts" ... and not me.
Fact is further, that no neutral historian, who wants to be taken seriously, believes anymore in the fairy tale of "Germany's sole responsibility for the start of the war". Nowadays historians rather argue for shared guilt or point to the Entente.
That some 'Anglo-American' revisionist historians, of mainly Jewish descent, are trying, since the 1960s, to reassert the guilt of Germany is more due to their general allocation of historical blame to 'the Germans' than based on provable facts.
They are spin-doctoring a briefing routine of Kaiser Wilhelm on the Balkan Wars (1912-1913) into 'The Berlin War Party', totally ignoring that similar briefings of country leaders took place everywhere in Europe at that time and stifling the fact that Germany had 'special interest' in all Balkan related matters, after all she was a main signatory power of the Balkan Agreements which had taken place 13 July 1878 (on the occasion of the Congress of Berlin).
However, this meeting resulted in zero military consequences. Thus, such willfully construction of a 'thesis' is historically not only inaccurate but dishonest to the core.
stop BS**ting !!!!
"The regional conflict over the assassination of Archduke Franz Ferdinand of Austria and his wife developed into a "world-war" because France and Britain wanted it to."
yeah right, France and Britain would have preferred to stay out the conflict, which was Austrian vs Serbia !
but you managed it so that it became global, hadn't you declared war on France, and not invaded Belgium...
Poincaré had become Prime Minister in January 1912, and began immediately pursuing a conflict-prone hardline anti-German policy, noted for restoring close ties with France's Russian ally, aimed to encircle the economic rival Germany. As Czarist Russia's archives later revealed, Raymond Poincaré was the main diplomatic force behind Russia's mobilization against Germany over the assassination of the Austrian Head of State Archduke Franz Ferdinand and his wife Sophie. Most historians realize nowadays that Poincaré bears far more responsibility then the German Kaiser for scaling up the pressure and international mobilization in the weeks leading up to WWI.
BS it was you stubborn and stoopid Kaiser that wanted to show his muscles, to Britain on seas, and to both France and UK for the colonial possessions
Von Molke himself wanted the war against France, the sooner the better, because in the next few years Germany wouldn't be able to beat France, and nor Britain, nor Russia, that were also arming, but not ready to go to war, at least for the french and for the Brits
Poincaré wasn't a lover of anything german, like weren't the French of the era, hence "les Boches", a label that was given to the Germans since the franco prussian war
"BS it was you stubborn and stoopid Kaiser that wanted to show his muscles, to Britain on seas, and to both France and UK for the colonial possessions".
I do not believe that this on "the stoopid Kaiser" (though I agree, he surely was not the smartest). There was economic interest at stake for the German nation that was way weightier than the stoopid Kaiser. His was rather a family issue.
Taken from your link: "Wilhelm did envy France and England her overseas empires and England her massive navy, despite his English blood and ties to the nation of his mother and grandmother. (): At age of 12, Wilhelm spoke English, only little German. He was mostly raised by his English mother and grandmother on the Queen's estate on Isle of Wight).
This below is the actually reason why Germany wanted to/ needed to change the existing rules at the turn of the century, or one could say, Germany wanted a 'New World Order'(from your link):
"Most of the Non European world had been colonized for centuries . . . ". This was indeed the case. Bad for those that came too late!
At the turn of the century this wasn't merely a question of prestige, as the Kaiser might still have seen it, but the making-or-breaking point for a European nation to have access to the global resources it needed to become a modern industrialized nation . . . or not, if it failed to obtain this access.
This is not an issue any more, "thanks" to two world-order-changing wars. Today all colonial empires are dissolved and trade is globally liberated - a world like "made in Germany". But in 1914 it was 'the' making-or-breaking point for this young nation.
Fact is that a global new order was necessary at this point of history. If the Germans would not have tried to break the seal, surely the Japanese or the Americans would have done it - as the USA actually did before, during and after WW II. The dissolution of the British colonial empire was actual the key term for America's entry into WW II.
The reason for the USA to make this a major WW II objective was that the world's resources were at this point controlled by those Europeans who had "colonized the non European world for centuries", denying access to the 'tag'.
Quote from your link: "Europe was growing rich on her overseas empires. Raw materials were plundered, native people put to work and moved around the world (such as Indians by the British) and production just kept increasing. By 1900, most of the globe was directly controlled or at least influenced by Europeans".
These lines were, of course, written by someone whose nation belonged to that part of "Europe that was growing rich on her overseas empires". Up-and-coming Germany didn't belong by 1900 to this club that "controlled the globe directly".
To industrialize further, Germany badly needed cotton, copper, crude oil and caoutchouc. Great Britain and France weren't ready to share their spoils with the 'newcomers' Germany or Japan. The colonial epoch was also an epoch of "fielded" markets.
Since the free sea ways were pretty much blocked by British gunboats for German trade vessels, the Germans tried to expand on land. The demand for the petroleum as a fuel for lighting around the world quickly grew at the turn of the century.
The world's first commercial oil well was drilled in Poland in 1853. Asia's first modern borehole oil production began in 1848 at the Bibi-Heybat field near Baku. Access to oil had become a major factor in military conflicts from the turn of the last century on. The need for resources made German industrialists chumming with the Ottoman Empire.
During 1888, soon after German geologists had found promising organic-rich rocks which contain the precursors to hydrocarbons in southern Iraq and Kuwait, the process of construction of a rail line from Constantinople to Baghdad begun. Alfred Kaulla, manager of Wuerttembergische Vereinsbank, and Georg von Siemens, managing director of Deutsche Bank, created a syndicate to obtain concessions from the Turkish leaders.
It was planned to expand the Anatolian Railway all the way to the Gulf port of Basra, which should become the so called Baghdad Railway. This huge railway project was aimed to connect Berlin with the southern part of the Ottoman Empire and it also was planned to extend the railway into Kuwait with the intention to locate there a "coaling station", which was in actual fact meant to become the springboard to access the vast crude oil reservoirs in that region.
In the same year German companies had gained access to and ownership of oil fields in south Iraq and Kuwait, and with a line to the port of Basra could have bypassed the (original) French-built Suez Canal which had been declared at the Convention of Constantinople in 1888 a 'Neutral Zone' under the 'protection' of the British - in other words 'under their control'. The British had earlier occupied Egypt and Sudan at the supposed request of Sheik Khedive Tewfiq.
to be continued ...
continuation . . .
The Germans planned to establish a port in the Persian Gulf, with a 1,600 kilometres (990 mi) line through modern-day Turkey, Syria, and Iraq. Around this time the British became increasingly suspicious over the German railway project which would have given a level of independence to the German trading endeavors that was contrary to the British doctrine of keeping the Germans 'at bay and away'.
Soon the planned Baghdad railway became Great Britain's bête noire, since the last thing the British wanted was Germany getting direct access to oil wells, bypassing the Suez and thus circumventing the British maritime trade monopoly. This, the British tried to hinder cost what it may.
(Quote): "The train's journey home to Germany would have given German industry direct supply of oil. This access to resources, with trade less affected by British control of shipping would have been vital to German economic interests in industry and trade, and threatening to British economic dominance in colonial trade." (from: William Engdahl, A Century of War: Anglo-American Oil Politics and the New World Order.)
Although Kuwait was nominally governed from Ottoman Basra, in reality it was a tribal liege, bound to give allegiance to the Sultan. In May 1896 Shaikh Muhammad Al-Sabah, the Kuwait tribal leader, was assassinated by his greed-blinded half-brother, Mubarak al-Sabah who, in early 1897, was recognized by the politically weakened Ottoman sultan, as the provincial sub-governor of Kuwait.
Knowing of Mubarak al-Sabah's ruthless greed, in July 1897 the British 'convinced' Mubarak to 'invite' them to deploy gunboats along the Kuwaiti coast, leading to the First Kuwaiti Crisis, in which, hoping for German help, the Ottomans demanded that the British stop interfering.
Germany, at this time without a noteworthy Navy, had to turn the Sultan's request down. However, this incident made even the most reluctant cabinet member in Berlin in plain view unmistakeably clear that access to world's resources can only be achieved with gun boats!
In January 1899 the British approached the provincial sub-governor and convinced him to sign an agreement with Britain that required British consent for any of Kuwait's international relations, and gave Britain responsibility for Kuwait's national security. In return, Britain agreed to grant an annual subsidy of 15,000 Indian rupees (£1500) to the al-Sabah clan.
The Germans were furious over Britain's cleverly 'shady' deal. The railway became a source of international disputes during the years immediately preceding World War I. Although it has been argued that they were resolved in 1914 before the war began, it has also been argued that the railway was a leading cause of the First World War.
"To industrialize further, Germany badly needed cotton, copper, crude oil and caoutchouc. Great Britain and France weren't ready to share their spoils with the 'newcomers' Germany or Japan. The colonial epoch was also an epoch of "fielded" markets."
hmm Japan wan't in the race then !
Germany would have had access to these products if she hadn't herself implemented protectionnist rules since 1879, whereas foreign products were fined after a recession which was the result of the end of the manna provided by the french war reparations, that helped Germany's industrial boom
So we can see there the remnent german character, everything must be convenient to their blinkered interest
Protection is usually rather harmful. On the other hand, farmers always cry "Help"! The EU agrarian policies, with all that CAP CRAP aren't any better than the 'iron and rye' tariff. Many countries kinda 'protect' strategic industries.
But this had nothing to do with Britain's and France's attempts to keep the Germans "at bay and away" with force from raw materials their industry needed (though France was in this respect only a 'player behind curtains').
The colonial Empires were the biggest 'tariff cartels' of the time . . . And trying to stop other countries with gunboats (not just with a small tariff) from trading to get crude oil, shows much more "a remnant character" of the colonial cartels, where "everything must be convenient to their blinkered".
This is why the 'German model' is still here and growing . . . and why the colonial model is gone, IMO.
"But this had nothing to do with Britain's and France's attempts to keep the Germans "at bay and away" with force from raw materials their industry needed (though France was in this respect only a 'player behind curtains')."
no need Germany already had what was necessary to her Industry (subsidied by the robbed French money BTW), the Saar coal and the Alsace Lorraine iron, what Germany also wanted it's the access to the French colonies (and possibly to the Brits' too) to sell its new manufactured merchandises, but feared the control of the sea lanes made by the Brits
The crude wan't used then, it's only after that WW1 was over that some thought to exploit oil in Arabia
The german model went quite a few times into a wall when recession hitted (especially that Germany replicates its old schemes,of austerity, and of a exclusively exportations orientated economy), hence Germans electing fashists on board, that will happen again, or communists will come back into power !
"The crude wasn't used then, it's only after that WW1 was over that some thought to exploit oil in Arabia".
Crude oil was used as lightening fuel since ages. And why would the Germans send oil prospectors to Ottoman Arabia if they had no use for that stuff.
The Germans were the first using combustion engines on a grand scale, replacing steam engines with much more efficient combustion engines. This actually was one of the reasons their industry began sailing ahead of other European countries by the end of 19th century.
It is correct that in 1861, the French engineer Alphonse Beau de Rochas originated the principle of the four-stroke internal-combustion engine. But French industrialists failed to put it commercially to use. It was the Germans who did this ... and the Brits.
"only after that WW1?". Tanks were already used by the Brits during WW I!
There are three types of internal combustion engines designed by German inventors in the 1860s.
Nikolaus August Otto and his partner Eugen Langen invented the 1864 atmospheric engine, which is the engine known today as the standard "Gasoline Engine" The Otto Cycle engine Otto created in 1876. Otto engines were used primarily in the late 1870s for industrial stationary uses, as Otto had no interest in transportation. Only much later other makers such as Daimler perfected the Otto Engine for transportation use.
In 1893 the compression-ignition engine was developed by Rudolf Diesel, using a gaseous fuel (diesel) as opposed to gasoline). This engine was in contrast to spark-ignition engines, such as a petrol engine (gasoline engine) which uses a spark plug to ignite an air-fuel mixture.
The Diesel engine was the break through in industrial uses of combustion engines. Most German manufactures switched to diesel engines (from Otto engines) at that time. The demand for crude oil became skyrocketing. This was when crude oil was nicknamed "black gold".
France, though pioneering with Alphonse Beau de Rochas the invention of the combustion engine, fell quickly behind, because (maybe) of cheap labor in colonies, manufacturers weren't pressed too hard to apply this new technology on a industrial basis, while in Germany quickly the diesel engine had become what the steam engine was in the 18th century industrial revolution in England.
It is true that the reparations created a boom in post-1871 Germany. But this was a blessing and a curse, since it created a false reality of "easy money". It created a mentality which brought almost a depression over the nation as soon as the payments ended.
If the current 'German model' (not the busty one, lol) of prudence works better over the long haul then the French model of profligacy time will tell.
However, logic tells us that a country can only spend more than it earns when someone is funding this. We will see how President Hollande is squaring the circle. My bet is that as soon as his budget deficit exceeds 3.5 percent, the market will start to ask 'risk surcharges' - and each increasing number behind the dot will increase the surcharge for French bonds, until, if not reversed, France will end up paying GIIPS-like interest rates.
Though Germany might be the 'inconvenient' preemptive admonisher of 'austerity', the actual driving force behind are the brutal realities of the market.
Mr. Hollande has all the chances (and powers) in the world to prove me wrong. Let us talk about it again in one year's time!
It seems that in the big WW scheme the French were the useful idiots for the powers at stakes, Britain and Germany !
and yes, oil was the access to oil reserves ws the hidden motivation, evident for the Brits at least, and the nerve for winning the war, which already was motorised.
Germany relied on the romanian oil fields, while the Brits were in Bakou, and in Iran, the extension of the front to the ME was the Brits agenda for the aftermaths of the war, leaving the French butchering with the germans in the trenches, no matter how many would die. The last resort for the French were the US, with whom Clemenceau was a great friend (he was married to a American), he desesperatly ask them to provide oil and war machines, for french oil sources were dried, because of blocuses in the usual sources. Isn't it funny, the only country that always comes to help the French, it's the US, true in WW1, and true in WW2. The Brits had always a second agenda when being on our side.
If Bismarck hadn't be so greedy within the French in 1870, we might have had more serene relations, and we could have mutually developped our trades, no WW1, nor WW2 would have occured
"f the current 'German model' (not the busty one, lol) of prudence works better over the long haul then the French model of profligacy time will tell"
Der Spiegel doesn't share your point of view, It sees the french model as a exception, but though a sucess
Germany can't innovate within her policies, she is repeating what she did before, in the thirties, in the 1880 years... austerity--> recession, protectionism within a exportations economy, we know how it usely ends... war !
"Germany can't innovate within her policies, she is repeating what she did before, in the thirties, in the 1880 years... austerity--> recession, protectionism within a exportations economy, we know how it usely ends... war !"
If you really believe this then you've understood nothing! If you think that the in The Round Table ceased to exist, than you're naive. 'Illuminati' was invented to crate a fairy tale to distract from much more severe realities. No one know these realities better than the German memory - aside from the hepcats of course.
The intellectual elite in the US is basically divided into an informative neutral or informative (often somewhat 'germanophile') fraction (maybe due to the sheer amount of German-Americans and Scandinavian-Americans) and the 'Round Table' Judeo-Anglo fraction. Of course, the vast majority of Americans do not belong to either. However, these fractions are mirrored here on these blogs too.
It is absolutely no accident that the 'round table company' promotes both, preferably exercised by France and Germany: unlimited financial support of bankrupted eurozone states without spending cuts AND vociferous warnings that "the Euro must be saved otherwise the world will end in chaos" (this is e.g., the official stance of this magazine).
This should amaze anyone who knows that the very same agents actually hate all three: The French, the Germans AND the Euro. Membership in the EU is only upheld because this way the French and the Germans can be checked from within the club; plus London 'big money's' access to EU's rich troughs, since the mega-vast private financial resources of the world's second richest populace is only freely accessible through EU membership.
Once the currency is weakened enough through never-ending bailouts, ECB commitments and joint debt obligations (this is what the 'Round Tablers' are especially hoping for and are thus promoting it), it will be 'easy pick' for the 'empire' and then one by one financially subduing and enslaving the continental Europeans. This is why farsighted German politicians won't jump on this flytrap.
The only true passable road of survival for still solvent eurozone countries is the one Merkel's Germany is taking: promoting the self-healing powers of the profligates via austerity and reforms and simultaneously fire-walling their own financial sector.
This is why the German government has put a €480 billion ($625) firewall around its banks - anytime extensible to one trillion+ euros. Thus, it can literally pull out of the euro any time it wants to or if the demands of the periphery become unsustainable for the few solvent members. All that talk about "we will support the euro whatever the cost", is, of course, meant for the media. You were intelligent enough to see through that a while ago, when you 'criticized' Germany's attitude regarding the firewall, but most here are not. "This is the black swan no one is talking about. If Germany bails on (leaves) the euro, the EU will collapse", recognized Zero Hedge a few days ago.
The Germans want to be loyal to France, but only to a certain extent of 'idealistic ignorance'. France better gets prepared too . . . and stop being so naive to believe that Germany and France can keep the Eurozone afloat with bailouts while the remainder keeps spending. One doesn't need to be a rocket scientist to grasp this instantly when putting the relevant data into an Excel work sheet.
France is already in financial difficulty and thus would be unable to help any other European nation effectively. Also, if France backs off the austerity route that was initiated under Sarkozy and can't get its debt under control, there is a high probability of it going the same way as Greece. The Spiegel article whose link you posted id purely 'political' in order to redirect the firepower from the Round Tablers away from Germany's ally. Knowing that the credit demands of the profligates will have no limits, this tactic of Der Spiegel won't last very long.
"and stop being so naive to believe that Germany and France can keep the Eurozone afloat with bailouts while the remainder keeps spending."
I never ask for that, but to leave the euro, it seems that none of our politicians want that, and never advocated austerity or growth plan for any euro country, just that I always thought for France, it's not the solution that would work, it should be a progressive austerity program while preserving consumerism
anyways, we'll be fixed in a few months, the whole thing will crash
The situation as it appears to Berlin is such, that 'special interest groups' pushing for an unlimited bailout of Greece - of course at the same time denouncing budget discipline as "German-imposed austerity", thus feeding hatred between the nations.
It would create a precedent when giving in, leading to a breakdown of all still existing restraint. Why should Spaniards, Italians etc. tighten their belts if the Greeks get away with murder?
If this happens, which surely would in this case, then Germany couldn't handle it anymore anyway.
Better showing the Greeks their limits now . . . or leaving the eurozone. That's the black swan no one dares to talk about, but everyone, with some brains left, knows it.
La la la la
La la la la
La la la la
Goodbay, Angela!
The North Rhine-Westphalia election. There's more to this than meets the eye. The result was primarily because of Mr. X-Ray. The CDU candidate Hr. Röttgen dithering and dithering about his interest, falling between two stools. As Federal Minister for Environment, Nature Conservation and Nuclear Safety a hot position in Germany he tried to escape to a more commutable position. Five minutes before the election giving roses on the market place is not the best strategy in addition inferring a Chancellor vote? Fr Kraft in Germany's most populous state just behaved normal, having a reputation as a local Politian she did it her way "he big spender" spend a little time with me.
Is it only me or is it somehow misleading to describe a graduated economist who has spent a year studying in London and who happens to be married to an electrician as a 'down-to-earth electrician's wife from the Ruhr'? Just imagine you would refer to Sarkozy as a 'down-to-earth singer's husband'...
Some might say slightly sexist.
I would just that that is the way Mrs Kraft portrays herself to the electorate to connect with 'the common person'. Perhasp Sarkozy could have taken a leaf out of her book, instead of coming across as a lofty nob...
There are now five political parties represented in the Landtag of Nordrhein-Westfalen, including the PIRATES!
There could be six political parties in the next Bundestag leading to a variety of possible (multicolour) coalitions. Merkel is next after Sarkozy, I would say (and then Cameron?).
Merkel has survived many alpha-males in the CDU and CSU, do you really believe that somebody like Kraft is a competitor?
Keep on dreaming.
Otherwise, isn't it the very essence of democracy when politicians don't stay in office for life, like the Kims and Assads and Brezhnevs?
Mrs. Merkel can blame herself ONLY for every economic problem Europe is facing right now.
Her BLINDNESS in imposing non-working austerity policies to PIIGS countries is the WORST way a politician faced a crisis ever, except maybe for Hoover in the '29.
She'll be remembered as the person that had driven European Union really close to an end, if not to an end at all (we just have to wait and see...).
Every politician arising from next elections will hardly be worst than her.
"She'll be remembered as the person that had driven European Union really close to an end, if not to an end at all (we just have to wait and see...)."
if so, at least in germany she will be remembered as a great politician...
Exactly, mate - and not only in Germany. The silly quasi-empire of unelected bureaucrats should be teared down.
You must be quite ignorant about the facts in the eurozone!
It's the 'troika's' Euro-austerity regime in Greece, not Merkel's.
The general binding borrowing criteria for eurozone members are laid down in the Maastricht Treaty, which is the 'law book' for all Euro participants.
Learn your facts before blaring kibosh into the audience.
yeah that's the theory and you've studied your lecture very well apparently: we agreed to the Maastricht treaty (btw, practically no country had the requisite to enter the EU at the beginning, except for France and Germany) and "officialy" the troika is imposing the austerity.
But POLITICALLY who do you think is having the influence to make the peripherical countries apply those policies without achieving anything else? Why aren't we succeeding in achieving a better united Europe? GERMANY doesn't want to introduce the euro bonds, nor wants to create a more powerful central power nor wants to run monetary policies that could help the piigs. That's because it is running well as it is now, literally STEALING from the weaker countries a very weak money compared to what it would be the Deutsche Mark.
Germany is running well on ARTIFICIAL CONDITION (with the Mark they would be dreaming about growing of the 4% PER YEAR), and since it's the first economy, it imposes to the rest of EU that things must keep going on just as they are without any change.
To summarize: what is written in the Maastrich treaty is right and must be applied to every country, only exisisting a more united Europe, rather than just a monetary-united one.
It's like if in the USA California starts imposing to alaska to have their accounts in balance without any external help or fiscal redistribution. Of course Alaska will not going to succeed in that, since it is structurally weaker than California (geographically distant from everything, a difficult weather, etc...).
Creators of EU knew that monetary union by itself was just the first step toward the "United States of Europe". Politically this never happened and is not going to happen because of Germany.
You are wrong again. Germany had 4% and more growth when she had had her own currency, the deutschmark. She never had 4% growth since she is using the Euro. As a matter fact, until the formerly 'booming' GIIPS brought the eurozone economy down, Germany had little or no growth. Only now, after the German manufacturers started to trade more outside the eurozone, her economy is growing faster than the rest of the pack.
Germans were quite happy with their hard currency, the deutschmark, that they had to be compelled to give it up.
28 September 2010 The Daily Mail (and many other publications around the globe) reported after the release of formerly concealed transcripts of the proceedings on the euro, between the French President Mitterrand and the German Chancellor Kohl that "Germany was strong-armed by French into swapping the Deutschmark for the euro".
Quote: "Hitherto secret papers from the Helmut Kohl era show that Germany was strong-armed by France into swapping the mighty Deutschmark for the euro as the price of reunification.
Spiegel magazine says it has had access to the paperwork that ties in French agreement to the joining of East and West Germany only if Bonn (then the West German capital) gave up its resistance to the common currency. Francois Mitterand, the French president from 1981 to 1995, knew his neighbours were more than reluctant to trade one of the world's strongest currencies - administered by an equally strong central bank - for an unknown quantity.
Read more: http://www.dailymail.co.uk/news/article-1315622/Germany-strong-armed-Fra...
And: All German leaders emphasized in the past on the need to develop a true European Federation if further integration is aspired.
However, an undemocratic structure, without a democratically elected joint European government, a Federal tax collecting system and a Federal legal system vested with the power to reach out into the farthest corner of the Eurozone - which then must also include the prosecution, trial and penalization of fraudulent and corrupt politicians, doesn't provide the basis for joint debt obligations.
It is the politicians from all these corrupt and nepotistic countries -not Germany- that don't want to give up their national powers and "benefices" to subdue to a centralized European government. German states would cooperate. They are in a Federation already.
As a matter of fact, euro is a weaker currency than what a currency of only Germany would be, and thanks to the euro Germany has become the 1st exporter country in the world.
Some politicians of the 90s telling that Germans were happier with the mark don't cancel the basic laws of macroeconomics.
Furthermore, you are saying that the cause of a not-very-united Europe are the governments of weaker countries, nor Merkel.
Are you forgetting that Berlin isn't allowing the ECB to depreciate money because they don't want any inflation?
And what are the sources of your opinion? Did you hear Mr. Monti or Mr. Rajoy telling that they DON'T WANT to achieve a more united Europe?
It is clear to me that if Merkel would want to achieve a real Union, her will would become reality, just as easily as has happened when she made ALL the EU countries sign the ridicolous "European Fiscal Compact".
Since a Central Government does not exist, Mrs Merkel at the moment IS Europe.
I am not German, but still don't like when people manipulate facts --- about Germany or any other country.
You just write this biased nonsense: "Germany has 'become' the 1st exporter country in the world."
Germany's export volume ranked No.2 or No.3 in the world ever since the 1960s when the Euro didn't exist for another 20 years. This, then, was together with the USA and Japan.
While Germany and the USA defended their position, Japan was replaced by China 8 years ago. Germany stayed number two. The country always tried to adjusted her productivity to her competitiveness. It is true that the productivity-lever is set somewhat too high in the moment. But current wage demands of 5+% will soon level this advantage out.
If a nation lives according to this rule, then it doesn't matter which currency it is using, as long wages don't outrun productivity. The GIIPS countries and other European economies fell behind Germany because they ignored this 'golden rule' of economics. Their wages partly rose 200% over productivity. That's the only reason they are uncompetitive now. They cut the branch where they were sitting on.
The ECB is by statute an independent decision maker, bound to the Rules of Procedure. Measures are decided solely by the ECB President and the ECB governors, executed by the Executive Board of the ECB. Germany is only one voice among many. Influence from outside is forbidden by ECB statute.
Wikipedia (Quote): The primary objective of the European Central Bank is to maintain price stability within the Eurozone, which is the same as keeping inflation low. The Governing Council defined price stability as inflation (Harmonised Index of Consumer Prices) of around 2%. Unlike, for example, the United States Federal Reserve Bank, the ECB has only one primary objective with other objectives subordinate to it (end quote).
Mrs Merkel, only 6 weeks ago, stated again that a 'fiscal Union' is impossible without a 'taxation Union'. This was even cited here on the Economist. Non of the other EZ members supported her notion. This is proof enough for me, that the heads of state of the other eurozone members don't sympathize with this idea, at least not currently.
You continue to quote technical definitions of institutions or treaties.
Of course ECB is OFFICIALLY independent from Germany and every political power (as every Central bank in the world is).
The fact is that ECB is the central bank from countries from Greece to Germany: what it should do? Expensive or restrictive monetary policy? Countries like Greece would need expensive, Germany needs restrictive. BY FACT, they're running a restrictive policy, helping Germany and not Greece (and others).
Normally, in a country, the government would "suggest" the Central Bank to run a certain policy to help the economy.
In EU, there's not a central government, but i repeat that the policy ECB is running is the one that Germany needs, that the Government of Germany would suggest to the Deutsche Central bank.
So for me it's quite clear that in this process the influence of Berlin on the ECB is quite big: Maybe for you is just because MR. Draghi has a natural hate for inflation or he does not know what to do??
On the other hand, of course the "Fiscal Compact treaty" is the one that OFFICIALLY imposes to the PIIGS the Austerity, but it was strongly supported by Germany. It is just the TOOL Germany uses to impose its will on the rest of Europe. And so it's the "troika" (a part from the IMF, EU and ECB are European authorities)
Anyway on one thing I agree with you: the leaders of peripherical countries are basically dickheads. But not because they don't want to achieve the union (why wouldn't they?? it would solve any problem of their countries, and they would be rielected for sure), but because they accept what the troika imposes (Note: i didn't say GERMANY, but "troika" is a set of three non-democratically-elected institutions, why would a country accept what they say?) without arguing about it, and they're able just to say "yes" to what Europe imposes.
The very problem here is the LACK of a central government in EU. Without it, would you mind answering me, WHO is taking the decisions in Europe (about the monetary policies, about fiscal redistribution, etc...)? The useless european parliament? Portugal? For me it is clear that is Germany, the strongest country, taking the decision for all. And independently from what these decisions are, this is an absurd.
"but the awful campaign conducted by the party's chief candidate, Norbert Röttgen, who is also the German environment minister."
the same person that required that the french nuclear sites along the german border should close down !
What a Luce, and Merkel's government has plenty like him, some were forced to resign, hey will she force him to do it too?
You have to love the unbiased impartial economist articles!
So... the German government is still committed to pretending to be a bunch of economically illiterate puritans so that they can keep the Euro right where they want them?
Another "dangerous" leader for The Economist's black list?
It's the Economist version of the Axis of Evil...
The longer it takes to reverse the austerity factor that is rendering southern European societies (soon northern societies will follow as well)into third world pariah, the more devastating of a blow the CDU will receive. Europeans found themselves in a deep recession because the preceding years of complacency gave space and momentum to politicians that are not competent for the job. They have simply gone along with austerity policies that bankers and technocrats are dictating. The predicament we are living in is similar (if not worse) to that of the1929 world crisis. Yet the obsession to the purest of Calvinism will not recede unless there is a civil unrest or the dismantling of the Euro zone. ''IT'S THE ECONOMY STUPID''
Not only economy, but also The Economist.
Policies ran by all the European Countries by now are simply RIDICOLOUS. They are demonstrating not to work at all (and that would be clear to every 1st year student in economics), but Nazi-Merkel keep going with imposing them (and other politicians-puppets in Europe accepting them).
The only way the situation will reverse it is going towards a more united europe, not a mere monetary-united one. Fiscal union, an unique market for services and a more powerful central parliament are necessary to overcome the asymmetries Europe is suffering (poorer countries vs richer countries, besides different languages, different cultures and a unique geographical situation with all the weaker countries in peripherical areas).
Until Mrs. Merkel remains the German chancellor nothing will happen, since she makes the nation believe that they are the good guys and the peripherical countries the bad ones. Not mentioning that without a so-weak euro Germany will stop growing at all!
I really hope the new political framework in Europe will help to achieve a working United Europe Model, as it was designed at the beginning.
TE: "...anti-austerity wave that swept François Hollande into the French presidency on May 6th".
Swept? Come on! Squeezed, at best.
check who is advising Hollande:
If you mean Moscovici, yeah, an activist of Revolutionary Communist League, or some such... now, of course, a "moderate Socialist". What a joke!
you didn't watch the video !
most of the "smart" students of the seventies were either beatnicks, either maosists, troskists... only opportunities made them opt for socialist parties and or RPR, so their policy is due to circonstance more than to convictions, they'll adopt the mainstream opinion if that makes them political personalities that count !
Didn't Churchill say that one is a lefty revolutionnaire in his twenties and a conservative 20 years later?
My French is so primitive that even if I watched the video I'd miss the point. However, I immediately looked up Pierre Laurent and J.-P. Jouyet in Wiki. What's so special about the latter? After reading his biography I had the impression he was just a technocratic bureaucrat... Barclay Bank, if memory serves... auditor... a professional. So?
Oh, I see! You think that opportunism makes Moscovici's communist streak unimportant. Excuse me, but I differ.
Moscovici was DSK's student, far from being communist !
Incredible the clichés you have on the French, socialism in France has nothing to do with socialism in Eastern republics of the soviet era, it is much more like the german SPD
BTW Sarkozy used JPJ services too !
Oh, Marie-Claude, I know only full well that French socialism and communism are different: in the former socialist countries of Eastern Europe it was thrust down the people's throats forcibly; in France it was in vogue with the elite (Picasso, Yves Montand and Simone Signoret, Marina Vladi etc.) At least until the Soviet invasion of Hungary (1956).
Actually, Vladi was a Central Committee member in the 70s... well, brainless actress, what to expect.
It just makes it more obnoxious.
Jospin (who privatized more chunks of the French economy than any rabid free-marketeer) was a Trotskyite, former Maoists are a dime a dozen among Sarkozytes, and need I say more about US neocons?
but of course if old Leftists join the Socialists they must be hiding a rusty cutlass between their worn-out dentures!
Oh, Dominique, I just love your discourse, I do! It's so poetic, Gallic, passionate...
But no, I don't want to torture any Old or Young Leftists, I'm not that aggressive. I just puke privately.
This is a more consistent explanation of the political trends in Germany, and the consequences of the NRW regional election, than much of what has been said about it in the French press for instance. In France, results at local elections have systematically been interpreted with a national lense, so the capture of most French regions by the Parti Socialiste seemed to herald to results of last week's presidential election. German federal politics definitely function in a different way, almost as different as are the political sensibilities of German political parties compared to their French counterparts.
The NRW election seems to demonstrate that the issue is less about "austerity" than about the correct and useful level of spending, when the means are there. There is also a level of public accountability in this debate that has been salutary. The SPD-Green coalition led by Frau Kraft only had a marginal majority in the NRW Landtag, and on a pretty fundamental issue, the vote of the budget, they failed a no-confidence vote, triggering the election. They have now won back a more solid majority, and a renewed confidence by a majority of voters, because they proposed a realistic strategy that never reneged on a commitment to cautious management of the public finances. That is in general in line with the responsible attitude of the SPD which has been visible for a number of years (with the exception of the Jusoz revolt of the early 1980s, led by one Gerhard Schröder, and the Oskar Lafontaine dissidence leading to a merger of his group with the former East German Communist Party).
Your analysis of the French situation is not on a par with your analysis of the German one.
Of course French parties are quick to interpret local/regional results in a nation-wide light, but that's not how most of the electorate sees things. What really happened is that the French public may like or dislike the Socialist's politics, but it no longer sees them as incompetent spendthrifts. In a way their long running hold on local and regional councils has been a probation period, which has been validated by the latest local elections.
It may be interesting to note that the most likely candidate for Prime Minister, J.M. Ayrault, is from that breed of competent, successful regional managers with local cross-party approbation. If France was run the way he ran his town of Nantes, often quoted as having become the most pleasant place to live in France or Europe, I would not complain.
Writing off the French PS as a party hack mafia with antiquated ideas would be a dangerous mistake.
the NRW election is like one of our regional elections, that are much less mediatised than our national elections
I'm arguing that a regional election in Germany does not have the same consequences as a French regional election, and that is the plain truth. That is in par with what The Economist's reporter published. If it's not on par with the cheerleaders of the French Socialist Party, too bad for them.
We've got plenty to hear about the "long-running hold of local and regional councils" by the French Socialists which are supposedly "validated" by the public. Let's take the city of Paris. Mayor Bertrand Delanoe's record on cleanliness and public hygiene in this city is a joke that anyone visiting this city is well aware of. As in the finest days of the past, people are still at risk of stepping into dog turds just about everywhere, including the most public places. Without mentioning the number of his party acolytes housed in what is supposedly "public housing" at "friendly rates", there's also a well-known record of subsidising at outrageous prices (we're talking several hundred thousand euros) the most inane performance art exhibits (including a number by a talking parrot which still has Parisians laughing) or doctoral dissertations about Salvador Allende which even the Socialist Government of Chile, and the man's own memorial association of friends, did not see fit to endow with as much.
Let's take Hénin-Beaumont, where both Marine Le Pen and Jean-Luc Mélenchon will be running for the parliamentary seat. Le Pen got twice the number of votes in that town that Mélenchon did, and why? Because the Socialist mayor is in jail, his deputy is awaiting trial and in order to bolster his defense, spilt the beans about the complete corruption of the PS in this area of the country( indeed, one of its cadres was Mr Strauss-Kahn's purveyor of female flesh).
Let's take Corrèze, the département run by Hollande himself (and his main claim to executive experience) since the last local elections. It's the most endebted département in France. Where is the money that the Président du conseil général has been handing out is supposed to have come from? You'll note it worked very well, since the département gave him a quasi North-Korean score in the presidential election. At least the clientele isn't ungrateful.
Let's take Marseilles, wher councillor Guérini is indicted for subsidising criminal gangs with city and regional money over a number of years, passing on public contracts, a case which is even discussed within the PS itself (which none of the Secretrary-Generals, Martine Aubry or François Hollande, never took action against). If only buying off drug dealers in North Marseilles had helped! The city is now in the throes of gang war, awah with automatic weapons a any war zone, with 11 new unsolved murders in four and a half-months.
We can finish with Languedoc-Roussillon. Ever heard of Georges Frêche? He is the PS regional president who got away for years with describing North Africans serving in the French Army as "sub-human", then complained about black players on the national soccer team, and finally got expelled from the PS after several years... but only because he mentioned that the PS grandee Laurent Fabius is jewish.It's rather helpful that he has since died, since the local PS refused to disavow him agaist the orders coming from Hollande and Aubry up in Paris.
The famous Mr Ayrault, the next Prime Minister, was found guilty in 1997 of excessive familiarity in allocating a public market, something that is routine for most local councillors in France (in the 1980s and 1990s, the PS had an official racketeering office to match the Gaullists on the basis of public markets. the only reson this is supposedly not relevant to today's party, still run by the same people, is that they got a blanket amnesty voted by Parliament). Of course Mr Ayrault's record, which was unfortunately publicised over the past weekend, drew the public and irate reprobatiuon of his own friend Mr Hollande, he of the impeccable moral standards.
All of these tales of ordinary Parti Socialiste corruption takes us far away from the NRW elections, and why? Because the next French President desperately needs good news before he goes off to face the German chancellor and try to sell her the kind of arguments that failed to convince half the population of his own country. Misrepresentation of German political news in France to serve the narrow-term interests of Mr Hollande and his friends gives us a good indication of what the next few years are going to be like.
Care to read my original post and you'll see a German Land election is nothing like a French election, neither in its political consequences or in its media treatment.
"Misrepresentation of German political news in France to serve the narrow-term interests of Mr Hollande and his friends gives us a good indication of what the next few years are going to be like."
may-be, but do we have to care ? so far we aren't yet integrated into the Holy Roman Empire
"German Land election is nothing like a French election"
of course we still have a centralised monarchic republic, where regional dukes are vassals but not confederated
How come they all get reelected by the French public? Could it be that your friends are even worse?
Please tell us about the Balkanys. For a start.
Anyway my point was not that the PS is free of corruption; that was not the issue. Any party that claims to purity of any kind is likely to be closer to the Italian Northern League than to the Boy Scouts (not to mention earlier, Godwin point-winning references). My point was that French voters no longer swallow the tripe about the Right being naturally good managers, and the Left natural born spendthrifts. This showed first in local elections, and now naturally enough in Presidential elections.
A simple enough point, and one that you chose to ignore, instead embarking in a stinkball machinegunning spree which is little more than a smokescreen.
Which French voters do you find so enlightened? So you want to make the point that both sides are corrupt, but that one side's voters are able to figure out what is "tripe" when the others' aren't?
All the damage control that Mr Hollande and his friends are engaging in, about them being responsible, about theml being about to win the argument in negotiations with Germany, etc, has obviously nothing to do with the fact that they DID sell tripe to their electors. And now that they have to manage it, that's their problem.
Well, I'm not sure what the Holy Roman Empire has to do with anything relating to the discussion of this topic...
uh then while knowing wat kind of elections take place in Germany, you seem to know far less of the german psyche
"So you want to make the point that both sides are corrupt, but that one side's voters are able to figure out what is "tripe" when the others' aren't"
One of us is not writing or reading proper English.
The issue of corruption was raised by you and nobody else. The issue of "tripe" was raised by another poster, about the smug self-serving CSU propaganda that virtuous Germany is being mobbed by Latin beggars. I find the word apt enough, but it is not my point either.
My point was merely that the relationship between local and national elections in France is not the one you want us to believe. I am not saying if the voters are right or wrong - you know best about such things, nicht wahr, Herr Professor - but that you know zilch about their motivations. Which, in politics, is half the issue.
I'm not writing to convince you, Monsieur Dominique - indeed I know zilch about YOUR motivations - but yes I've followed enough of politics and elections in France, both national and local, to offer an opinion about them. It's too bad that upsets Mr Hollande's media plan, but I'm not there to accomodate his every wish.
Well I wouldn't presume to make judgments about the "German psyche" on the basis of generalizing prejudice. What I may know of it comes from individual people I'm acquainted with. I still do not understand the point you're trying to make, anyway.
It is more than obvious that Merkel is having one defeat after another, not only in Europe but also in home. Her strategy failed, she can no longer insist on the iron fiscal rules and the neo-liberal austerity madness... Europe is changing and the Germans become isolated.
germans are used to isolation in times when they dont hand over the money...
I don't know... German public opinion has really bought all that tripe about virtuous Germany vs spendthrift PIGS, so not even the Social-democrats nor the Greens seem to dare to question the "austerity" that is slowly killing Europe. If you believed some German pundits, questioning austerity is tantamount to treason (and François Hollande is Bonaparte born-again).
The hapless SPD leadership is little more than the "loyal opposition" to Merkel. No real threat for the coming elections. They are more willing to form another coalition with her than hoping to win.
I am seeing another mouvie.
"German public opinion has really bought all that tripe about virtuous Germany vs spendthrift PIGS"
That may well be true, and a pity for Germany, as it may soon find itself with an overvalued Neue Deutschmark and its former EU markets unsolvable and out of reach behind de facto customs fences. Then it will rue the much maligned EU and PIGS.
But in Germany like in other countries, whitewashed public opinion has to coexist with a few clear minds. Let's wait and see.
Hehe, if all French socialists are as clueless as you in economics, there are gloomy times ahead for France.
You're welcome to prove me wrong, but the "argument" you use is more telling about you than about me or my capacities.
Don't take it personally... it was the favorite talking point of our former masters. You're in good company.
Correct statement. I guess it now dawns on us that the entire EU/EZ project only worked as long as Germany pays without expecting any payback.
And anyway, who needs such allies as Italy or Greece. And as much as I like the UK or France, the are no friends, they are the competition. It is time we scrap the European project. We can spend all that money instead on our own infrastructure,universities, science, military etc...
As the French used to say: Aidez toi, Dieu t'aidera.
It may help to read between the lines. The SPD is staunchly pro-Europe which for them means pro-bailouts. They don't get much press for it in all places.
Whenever there is fuss about a vote in the Bundestag about bailouts, the reality of the matter is that the bill is never in danger at all because the SPD and most of the rest of the opposition will vote for it at any rate. A headline like "German Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag to secure backing for Europe's revamped rescue" (Telegraph) is true but means exactly that: Merkel's own party might dither. There was a lot of reporting lately that made things look like on razor's edge. But there was never any doubt that the opposition would vote with Merkel on the matter. There was no ambiguity or political gaming about it.
It seems to me that not only Europe is not being killed but the so called austerity is just an attempt come back to sanity after realization that debt only is not a solution but a method of getting by. The problem is that debt as it were was used as means to get by to be able o borrow even more. The only ones that were happy were bankers even if some of this debt had to be written off at the end. Just to see this in the correct proportion: the second biggest post in German budget is debt servicing. Now go and think twice about the austerity killing Europe - you can of course start printing - this may be even necessary to dismantle the mountain of debt but as said before: thought of living on debt only is a delusion.
Sadly, umghhh, this is how our economy works at present (if it has ever worked differently). Debt is like oxygen for the economy, like the fuel that keeps it going. Cut it and it will wither and die, as we are seeing today. The problem is that even with all those billions given away to private banks from the public's pocket, credit is still not flowing. Banks prefer to place that money in "risk free", low-yield German bonds rather than risking lending it among themselves or, heavens forbid, to private companies. So this way the economy further deteriorates in Southern European nations, whose governments have to get into debt themselves at ridiculously high interest rates, feeding again this vicious circle. All this is all well and fine for Germany, since the higher the rates for its neighbors, the lower they are for itself, so you can after all understand all the distorted coverage and vicious animosity in the German press against the "spendthrift Southerners". But sooner or later this will end up blowing in Germany's face. In the meantime, it has managed to provoke some well-deserved backlash all around the continent.
The solution, in my humble opinion, short of disbanding the EU and ending the Euro experiment, would of course be the implementation of Eurobonds, that would allow European countries to get the finance they need at reasonable prices, but with the ECB controlling the flow (say, beyond the 3% public deficit or 60% public debt limits, they would have to issue their own bonds, at much higher interests). Then you would have other tools that any central bank possesses, but somehow they seem to be anathema to the ECB, such as "quantitative easing".
And of course, we could just bypass the private banks altogether and let the ECB or the national central banks directly lend directly to the private economy, since our banks seem so keen to take our money and then not lend it out. But of course that would be "communism", wouldn't it?
Resuming: if you don't want to "live on debt" we will have to completely redesign our economic paradigm, since the current one is specifically devised to breath from it. Good luck with it, though.
F R O Y wrote: "Sadly, umghhh, this is how our economy works at present (if it has ever worked differently). Debt is like oxygen for the economy, like the fuel that keeps it going".
I posted my opinion about this issue on another thread (on Charlemagne's blog). After I accidentally read your post, I decided to send it to you as well, since it touches the arguments brought forward by you in your comment of May 15th, 04:04.
Here it is:
The unanswered question investors are asking about this Eurobond concept (and I have spoken to many institutional investors both sides of the pond) is: Why should such "Eurobonds" receive a better rating, and, hence, enjoy lower interest rates in the long view, than profligate countries currently are paying, especially when the 'guarantors' for these joint bonds consists of (mainly) exactly those countries that ran their own creditability already against the wall, and when, additionally, the goal of issuing these Eurobonds is, to be allowed continuing a life beyond the de facto productivity, by means of piling up even more debt?
I'm sizable enough an investor to claim that my opinion on this issue isn't a minority view among market participants. E.g., I invest, as do many successful investors, according to the principle of "identifying the weakest link" in a potential investment. This is part of my risk assessment, which again is a step of my further risk management procedures. Because a majority of investors do their risk assessment similar to mine, the market has dried up for those Eurozone countries that don't pass the risk test, as simple as that.
Until the abolition of the gold standard "spending beyond the treasury's means" was hardly possible, unless the general level of public debt was relatively low and the borrowing demand resulted from a transient need (e.g. in form of 'patriotic' war bonds).
Thus, the concept of running debt up to the amount (and beyond) a nation's yearly economic output is a pretty new one. No governance in human history could pile up debt -without proper collateral- as governments in the West are currently doing.
And this method obviously doesn't work at present - nowhere. It doesn't even work anymore in the USA, in a currency-realm with the 'firepower' of a Fed, which is still lucky enough being able to issue (and dilute) the world reserve-currency No.1).
But how should this scheme work in 'limited' countries like Greece or Italy - or even Germany? If they take the route the U.S. took in the past, any prudent investor can easily predict that he will lose his wager sooner or later when betting on such 'horses'.
He will lose his investment in two possible ways, either through inflation of his investment's denomination, resulting in bottomless devaluation of its face value or through a debt-default of the issuing country. Why should an investor then give them his good money in the first place if they, on top of it, announce as loudly as foolishly that 'austerity is crap'?
The method of financing debt with ever more debt has all the typical symptoms of a 'classical' Ponzi scheme. Even the best-wrapped Ponzi scheme has a 'life-span', since it can only for a certain period of time rely on the mistaken belief in a nonexistent financial reality, including the hope of finding always enough fools to keep the scheme going.
The 'sovereign' ponzi scheme works by way of putting the payback liability on future generations. This might work as long as the burden of servicing the scheme is relatively low; and this is also why IMF and the Eurozone's Maastricht treaty set the threshold of sovereign debt-sustainability at a maximum of 60 percent of the yearly domestic economic output of a given country. This is, because beyond this margin, sovereign indebtedness becomes increasingly an aforementioned Ponzi pyramid.
Why is this so? - Because if the debt service becomes too burdensome for the current generation, it might very well not be willing (or able) to fulfill the obligations piled-up over generations. When this happens, the Ponzi pyramid collapses. This is, IMO, currently the case in Greece.
Debt bonds are 'promissory notes'. The young Greeks are not willing to fulfill the promises of the old generation; paying back gone assets the 'old' had already 'lived up'. By doing so, the 'old' negligently drove the subsequent generations into an unjust bond serfdom via a fraudulent debt-pyramid. The today young Greeks were thus victimized by the old.
These biggest of all Ponzi schemes in human history, the current sovereign debt pyramids, might just come -generally- to an end now . . . and the current generation is the unlucky one that got 'screwed'.
Ah, the gold standard, that good old fetish of any self-respecting conservative...
While I agree with you in that the current economic/monetary system is in itself a ponzi scheme about to collapse, implementing the gold standard today would create such a crunch in the money supply that the Great Depression would look like a holiday in comparison. Keynesian policies, while feeding the ponzi scheme, can also alleviate the pain while we figure out an appropriate new paradigm. As I said, given the current system, the only thing that keeps the economy going is injecting more money (i.e., more debt) into it. Cut it down and all will go to hell. But perhaps that is what we precisely need, to push for this necessary paradigm change we need (which wont have anything to do with how much of a particular, and useless, metal you possess, I would say).
Hi F R O Y,
you might have misunderstood my line of argument. I didn't suggest to go back to the gold standard, even though the supply limitations of this material is no hindrance to use it for backing up (and thus limit) the paper money supply of a given fiat currency. The needed quantity depends only on the rated value of the bullion. If it is too scarce relative to the demand, the price simply will go up.
But money supply has to be limited in order to keep its exchange value. If this is ignored by a Central Bank of a 'limited economy', then you will quickly experience inflation, eventually hyperinflation.
The USD is a special case. The demand for the greenback is 'unnaturally' high, because of its role as main global reserve- and trade-currency. This is why the 'dilution' of the dollar is felt very late.
A small country with a very limited economy doesn't have this option. Since the market would punish it severely if it starts a 'printing contest'. There is currently no other long-term solution for smaller economies as to exercise in austerity.
"German public opinion has really bought all that tripe about virtuous Germany vs spendthrift PIGS".
I was in Germany a week ago. No one talks about virtuous Germany vs spendthrift PIGS. As a matter of fact, the derogatory term 'PIGS' is a British invention and not used in Germany since PIGS has no meaning in German.
It's actually astonishing how little media coverage Greece or the euro-crisis has in that country. Even in US news and print media it seems to draw more attention.
This relative 'silence' could be for two reasons; either because the Germans trust Angela Merkel blindly that she does things just right . . . or that they are just fed up with the Greeks' attitude depicting Chancellor Merkel and Wolfgang Schaeuble as Nazi or with a grim facial expressions, which appears, according to eye-witnesses, almost every day on TV or the cover pages of Greek newspapers.
Greek caricatures supposedly depicting Merkel as a sharp-toothed bloodsucker or as a strict schoolmaster with a raised index finger, seem almost benign compared to the harsher depictions of her wielding a leather whip and wearing a Swastika armband.
This must be the reason that meanwhile almost 70 percent of the German voters – of all ages from CDU to Social-democrats, Free democrats or the Green - are just fed up to listen "those slandering assholes" (so some German youth on TV when asked why they cancelled their vacation in Greece).
Consequently, Greece's once largest tourist group, the German tourists, now avoids Greece like the plague, worsening the situation for Greece's largest business.
This is just another sign of the stupidity of so many Greeks; biting the hand that feeds them.
It's all very well to airily dismiss the larger picture and explain it's all a matter of inept campaigning on one side, and empathy on the other.
But if this description of the CDU/SPD debate
"Mr Röttgen tried to paint Mrs Kraft as a free-spending leftist. Instead, voters bought her argument that more investment in education and other "preventive" social policies now would save the state money in the long run."
does not call to mind the one across the Rhine, there is something seriously wrong with The Economist's olfactory synapses - and short-term memory.
Around 60% of Germany's SPD voters supported Sarkozy. There is something seriously wrong with the French socialists, they are about to drag down their own country.
Oh, and btw, being a German I can assure you that this win was only about personalities and nothing else. In fact, the FDP prefers strict austerity and business-friendliness - the opposite of the French socialists - and gained massively.
"I can assure you that win was only about personalities" So Lindner's (FDP candidate) personality does not count, the FDP wins were solely votes for "austerity and business-friendliness"? As a fellow German I have to say: You can't have it both ways. The 60% number in your comment above must be from "Bild" or a similar beacon of journalistic prowess, it's ridiculous.
While Röttgen's campaign was indeed horrible, this only explains the high margin of loss of about 8% for the CDU. There is a definite mood swing going on. The SPD is gaining in their own right, the Greens' rise is stalling and the Left is definitely on their way out. The Pirates impact remains to be seen, right now there is not enough data yet to seriously assess what will come of their wins.
hm, a lot of wishful thinking in your comment, not underlined by a single fact. Indeed, Lindner also gained due to his personality, but probably not only. And you are right, 60% is too much, it was "only" 42%, but more SPD-voters supported Sarkozy than Hollande. Even the ivory-tower Green voters are undecided, supporting both Sarkozy and Hollande. Only the Left favour Hollande strongly, no surprise since they have similar "Schnapsideen" as he has: http://www.welt.de/politik/deutschland/article106257637/Deutsche-unterst...
"There is a definite mood swing going on" --> THAT is ridiculous.
I wasn't really far off the mark when I said "Bild", was I ?
About the mood swing, it may be wishful thinking, but I believe it's not. The, perhaps, not so scientific method of gauging the mood of voters by reading comments sections in newspapers of various political persuasions, (Yes "Welt" too), and social media, e.g. twitter, convinces me of it. Votes like yours I read less frequently since last fall. Even here in Switzerland, where I live, the votes for the strongly pro austerity right is decreasing, and this can be measured in votes, during the recent elections.
Calling ARD Deutschland-Trend by infratest dimap close to "Bild" has either something to do with your illiteracy regarding reading statistics properly or the mountains sourrounding you and cutting you off from the rest of the world.
Switzerland is not actually surrounded by mountains, nor am I, but then. I said "Welt" is close to "Bild". Let's leave it at that. To everyone their own bubble.
you're are losing you're are losing you're are losing you're are losing you're are losing you're are losing you're are losing
Too much French wine so early?
Correct, even as a CDU supporter I had headaches voting for Roettgen. I say he did cost the CDU at least 8-10%.
The election had mostly nothing to do with the EU or Austerity. Main slogan of Kraft was "NRW in Herzen"/ "NRW in my heart".
But I guess that does not matter, our Anglo-French-Us experts know better anyway.
"The SPD is gaining in their own right". Sorry, that is wrong with regards to NRW. NRW is for the SPD what Bavaria is for the CSU. The CDU win 6 years ago was an exception. We are back to normal in NRW.
There is nothing you can learn from NRW about the next major election in 2013. And the SPD's main personal is awful to say the least. Steinmaier, Steinbrück, Gabriel. The 3 archangel of political stupidity.
Now this discussion has all the hallmarks of a proper Stammtisch. Just because I know a little English doesn't mean I'm not German and what's more I grew up in Bayern, so no need to lecture me, I voted for the CSU in my first elections in 1979 and never since, cause I am lernfähig.
For the most part I agree with you. NRW, as a huge state, votes generally in its own right . . . not because of the performance of the parties on federal level.
The FDP has a strong basis among NRW's mittelstand, as we know from the past. Here, the 'calm anchor' the FDP is providing currently in general - after Westerwelle's antics - surely helped to activate this existing potential.
Insofar not 'Lindner alone' made it! If you think so as well, then you have my nod.
I agree that Mrs Merkel has other things to worry about at the moment, but the NRW elections are not as unimportant as TE paints them out to be. In fact, as the situation in Greece and the rest of Europe worsens, Mrs Merkel and the CDU may have to turn their attention back to Germany to win new votes or at least maintaint their current support. Only, it might happen that the Chancellor was so busy with the crisis, that she left too much free space in Berlin. I have a feeling that, should Greece fail, her own party will be the first one to turn against her, destroying their own chances for re-election.
"it might happen that the Chancellor was so busy with the crisis"
Many political commenters would advocate the contrary, but that she was more worried of the next german elections
The only reason why this election is of any importance is because of the majority in the Bundesrat. And another broke German state in the hands of the SPD (the party that caused the dept in the 1st place during a 20 year rule).
The SPD under Schröder also reformed the German welfare system, lowered job protection and kicked off the wage restraints that are credited as the root of current German economic resilience. One of the guys responsible for those reforms may challenge Merkel next year.
That Merkel listens to what the electorate wants is part of her job description.
Her party probably won't turn against her because the very man who failed in NRW this WE was the last one of the second tier below her and heir apparent. There seems to be no alternative candidate for her job left in her party.
what did you expect? Banksters at least should choose someone who has a slight idea of what economics is all about. This wo=man is truly clueless and we are all paying the price of it.
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There are plenty of users who also claim that Gnome usability sucks. Linus Torvalds is probably the most famous of them (I remember a flame war of sorts where Linus almost outright said "Gnome sucks").
Usability is subjective. There will always be people that find shortcomings in *any* environment. If I try to think about what I don't like in KDE, the result are shortcomings in things that are not part of it: Thunderbird, Firefox, Compiz.
As for going political, I like that KDE is based upon something that is fully GPL instead of LGPL. I support the viral nature of the GPL and its mentality. LGPL is a compromise for me.


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Time: July 5, 2011 from 8am to 5pm
Location: 222 Merchandise Mart Plaza, #1126
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Just what I was looking for, for my ultrabook with only a single fan and an easily blocked vent haha
Phoronix: Intel Releases Linux Thermal Daemon
Intel has announced the release of an open-source Linux Thermal Daemon package for Linux. Intel's Linux Thermal Daemon is for monitoring and controlling platform temperatures...
Just what I was looking for, for my ultrabook with only a single fan and an easily blocked vent haha
That's interesting. Is it like PowerTop in that it's just developed by Intel, but works fine on AMD platforms as well?
The specific driver you mention is already there in 3.9
Michael, i crave a bench against usal ondemand and performance governors
pretty please?
It doesn't really tell me anything. "latest cooling and P state drivers developed by Intel" does not necessarily mean Intel-specific. Although I didn't see a P-state listing in PowerTop on my AMD hardware, so I suppose it is Intel-specific? And I also have no clue what what the x86 register use means in this context.
I'm assuming that Intel didn't develop drivers for AMD hardware, not really their style. So, yes, its Intel specific until AMD drivers are upstreamed and the daemon is patched to be aware of them.
The register comment would imply that part of the x86 standard is defining a specific set of CPU registers that say "When this register is this, it means: go to xyz performance state." So somewhere there is a register, lets call it PowerLevel (i know its not) and when its set to 1, thats idle, 2 is low power, 3 is medium, 4 is high, and 5 is turbo. And this daemon can set specific registers to specific values to help control the temperature of the box.
Quick question: why don't they just patch the current cpufreq subsystem ? Why reinvent the wheel ?
Last question: that daemon runs in user space ? How efficient is that ? do we really a daemon for something that can be done by the kernel ?


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Washed Linen Camelback Ottoman with Slipcover


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Top Definition
The act of using force and leverage during oral sex in order to produce gagging, watering eyes, gasps for breaths of air and the occasional vomiting.
During last night's throapee session with Jennifer, her eyes teared up so bad that her make up ran and she ruined my new sheets.
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Thomas Jefferson University Board of Trustees Robert S. AdelsonPresident, Osage Investments, Inc. Mark Alderman, Esq.Cozen O'Connor Janice R. BellaceProfessorWharton School, University of Pennsylvania David R. BinswangerPresident & CEO, Binswanger Companies Louis C. Blaum, Jr., MD Ira BrindPresident, Brind Investments, Inc. Sal Cognetti, Jr., Esq. Foley, Cognetti, Comerford, Cimini & Cummins Thomas Costello George E. Deming Anthony J. (Jay) DiMarino, Jr., MD, FACP, FACG, AGAFDivisional Chair, GI/Transplant, Thomas Jefferson University Hospitals, Inc. Jack FarberChairman, President & CEO, CSS Industries, Inc. James W. Fox, IV, MDJefferson Plastic Surgery Richard C. GozonTJU Chairman Kenneth GrahamFounding Managing Principal, Inverness Graham Investments Brian G. HarrisonPresident & CEO, Granville Company William Harrer, MD H. Richard Haverstick, Jr.Ernst & Young, LLPManaging Partner, Retired Michael J. Heller, Esq.Cozen O'Connor Richard W. HevnerManaging Director, Wells Fargo Advisors Harold A. HonickmanChairman of the Board, Honickman Affiliates, Pepsi Cola Co Hyman R. Kahn, MD Christopher J. KneizysPresident, Micro-Coax Stephen K. Klasko, MD, MBAPresident & CEOThomas Jefferson University and Jefferson Health System Charles Kopp, Esq.Cozen O'Connor Leonard KormanChairman & CEO, Korman Commercial Properties, Inc. James KsansnakVice Chairman, ARAMARK Corporation William A. LandmanCEO, Mainline Investment Partners Douglas J. MacMaster, Jr., Esq. Josephine C. MandevillePresident, The Connelly Foundation Paula Mandle Dan Matthias Joseph McLaughlin David P. McQuaidPresident, Thomas Jefferson University Hospitals, Inc. Thomas B. Morris, Jr., Esq.Berwind Corporation Britton MurdochManaging Director, Strattech Partners Ronald J. NaplesChairman Emeritus, Quaker Chemical Corporation Jeffrey OrleansCEO, J.P. Orleans Development, LLC Timothy PulteChief Operating Officer, Delaware River Port Authority Vijay M. Rao, MD, FACRChair, Radiology, Thomas Jefferson University Hospitals, Inc. Richard T. Riley Caro U. RockPublisher, Family Business Magazine Lawrence SmithExecutive Vice President & Co-CFO, Comcast Corporation Gerard SweeneyPresident, CEO & Trustee, Brandywine Realty Trust Brian Tierney, Esq.CEO, Brian Communications & Realtime Media Mark L. Tykocinski, MDDean, Sidney Kimmel Medical College Cuyler Walker, Esq.Pepper Hamilton Alex Wasilov R. Richard WilliamsChairman of the Board - TJUH Christine Wu, MDPresident of the Medical Staff Charles J. Yeo, MDChair, Surgery, Thomas Jefferson University Hospitals, Inc. Jennifer L. Bellot, RN, PhDAssociate Professor, Graduate Programs, Jefferson School of Nursing Jan B. Hoek, PhdProfessor & Vice Chair for Research, Thomas Jefferson University Richard Rothman, MD, PhDFounder, Rothman Institute Previous Next Health is all we do. Thomas Jefferson University JeffersonUniversity Hospitals JeffersonPhysicians JeffersonPhilanthropy JeffersonInnovation Health Is All We Do President's Message Fast Facts History Trustees Final Message 0
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President Barack Obama, Gov. Mitt Romney and their running mates are making nearly constant appearances in eight swing states in the final days before the election.
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text: 117 min | R Nothing ruins a party like the end of the world in this unpredictable apocalyptic comedy starring James Franco, Seth Rogen, Jay Baruchel, Danny McBride, Jonah Hill, Craig Robinson, and a slew of hilarious Hollywood cameos. After a series of strange and catastrophic events devastate Los Angeles, six friends are trapped in a house as the world unravels outside. Dwindling supplies and cabin fever threaten to tear apart the friendships inside until they are forced to leave the house, facing their fate and the true meaning of friendship and redemption.


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In Lake Forest, ambulance services are provided anytime, in any condition and operate in all weather conditions. Even if there is a crisis situation, as in situations where civilian drivers often opt to stay off the road, such services would be available 24*7. The services may be provided by local or national government, even organizations, hospitals or by local municipalities or provincial health agencies. Charities or non-profit companies operate ambulance services, both in an emergency and as a patient-transport function. In some cases, charitable organizations may employ volunteers to operate a full time ambulance service. Private companies may provide only the patient-transport elements of ambulance services, but in some places, they are contracted to provide emergency care also. The main feature is that all personnel who provide the services are at least trained in ambulance services. The levels of qualification that the ambulance service crew may hold, is from holding no formal qualification to having a fully qualified doctor on board.


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Just to add on:
Suse dropped Reiser as it's default filesystem because of several technical problems, as well as problems related to maintenance especially after Chris Mason left (the people basically left holding th bag on maintaining it). That left basically Mahoney to look after it and with it's bug ridden past it just became to big of a headache. It also wasn't so shit hot in performance or reliabilty as well. I wouldn't be surprised if it is soon dropped from the supported filesystems all together in suse.
ReiserFS has no future. It's effectively dead. Time to put it up on the shelf with other innovations like the Superdisk 120 and the 80186.


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DeVotchKa performs live from SXSW for KCMP
by Mark Wheat, Minnesota Public Radio March 13, 2008
Austin, TX -- Singer Nick Urata founded DeVotchKa nine years ago with the idea of mixing together the music of east and west. He did not found it with the hopes of selling music to McDonald's. The band turned down a request to use one of their songs in the fast-food giant's commercials.
With their sixth new CD A Mad and Faithful Telling, DeVotchKa is poised to capitalize on the popularity they earned by being featured on the Little Miss Sunshine soundtrack.
Songs performed: "Transliterator," "We're Leaving," and "Queen of the Surface Streets"