{"id":187568,"date":"2011-05-17T19:39:00","date_gmt":"2011-05-18T00:39:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/05\/17\/is-angela-merkel-the-george-w-bush-of-the-eu\/"},"modified":"2011-05-17T19:39:00","modified_gmt":"2011-05-18T00:39:00","slug":"is-angela-merkel-the-george-w-bush-of-the-eu","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/05\/17\/is-angela-merkel-the-george-w-bush-of-the-eu\/","title":{"rendered":"Is Angela Merkel the George W. Bush of the Eu?"},"content":{"rendered":"

It appears that Ms. Merkel doesn’t realize that she’s not bailing out the Greeks, she’s bailing out the German banks who are owed the money, but she’s still being a hard-ass and virtually assuring that we will see defaults<\/a>, as well as worsening social unrest:<\/p>\n

Also at issue was the technical operation of the European Stability Mechanism (ESM), the permanent euro zone bailout fund due to come into force in mid-2013.<\/p>\n

As ministers prepared to tackle the increasingly precarious financial situation in Greece, Dr Merkel made clear her resistance to any debt restructuring by the country.<\/p>\n

Addressing students in Berlin, Dr Merkel said private sovereign creditors should not bear losses until the ESM starts its work.<\/p>\n

\u201cIt would raise incredible doubts of our credibility if we simply were to change the rules in the middle of the first programme,\u201d Dr Merkel said.<\/p><\/blockquote>\n

The rise in dissatisfaction with the EU, and the rise on nationalistic, and frequently xenophobic, parties in the EU is a direct result of the fact that it is being run as a support group for the banks, who, after all, were the ones who f%$#ed up everything in the first place.<\/p>\n

I stick with my original statement on the Euro Zone: the country that needs to leave is not any of the PIIGS (P<\/b>ortugal, I<\/b>reland, I<\/b>taly, G<\/b>reece, and S<\/b>pain), but Germany, which has increasingly seen the Euro as a way to artificially deflate its currency for export purposes, both within and outside of the EU.<\/p>\n

They are a predatory exporter, only marginally better than China.<\/p>\n","protected":false},"excerpt":{"rendered":"

It appears that Ms. Merkel doesn’t realize that she’s not bailing out the Greeks, she’s bailing out the German banks who are owed the money, but she’s still being a hard-ass and virtually assuring that we will see defaults, as well as worsening social unrest: Also at issue was the technical operation of the European …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,984,1004,982],"tags":[],"class_list":["post-187568","post","type-post","status-publish","format-standard","hentry","category-corruption","category-europe","category-finance","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187568"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=187568"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187568\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=187568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=187568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=187568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}