Germany …… Sigh ….. Not Sure That A Bridge Is Prudent


I suppose because I lived there as a child is one of the reasons why I pay attention to the movements in Germany.  My recollection is that they were beautiful people.  Back when, they were a well organized society, and peaceful, for the most part.  <—- (recommended reading!)

But, it is also the case that Germany is probably the singular most important player in the Euro-zone.  Without Germany, the Euro dies, and then, so too, does the EU.  The Euro-zone is the second largest economy in the world, and if one was to combine it with the other members of the EU, but, not part of the Euro-zone, it may be the largest economy in the world.  (I haven’t checked lately.)   So, watching Germany is probably prudent for those of us who concern ourselves with world affairs and economics.  So, there’s this ….

Report: Iran, Germany to hold major economic conference

TEHRAN, Iran (AP) — Closer ties between Iran and Germany will help bridge the gap between Europe and the entire Middle East, Iran’s president said as Iran and Germany announced plans to hold their first joint economic conference in a decade, the official IRNA news agency reported on Monday.

Hassan Rouhani, who met visiting German Economy Minister Sigmar Gabriel, said he hopes Germany plays a “positive role” in improving relations between Iran and the EU, “as it played a positive role in nuclear talks.”

Gabriel is heading a delegation of representatives from German companies, one of the first overt signs of a thaw following a deal with world powers over the Islamic Republic’s nuclear program.

In response to Rouhani’s comments, he said, “I am sure the business community of Germany and the German government will take stronger steps in the way you indicated,” the report said. …….

There’s more to read at the link. 

I believe the reason why there’s a body of water separating the mid-East from Europe was Divine intent.  I also believe that more intimate relations with the mid-East has been demonstrated, over and over again, to be harmful to the West …. and the mid-East.   It’s been said before that better fences make better neighbors. 

But, speaking of Greece and Germany ……

Merkel rules out ‘haircut’ for Greece, open to other relief

BERLIN (AP) — Chancellor Angela Merkel on Sunday suggested that Germany would show flexibility in negotiating how Greece deals with its massive debt, but again ruled out writing off part of the money.

Speaking on ARD television’s Bericht aus Berlin program, Merkel said that “a classic haircut of 30, 40 percent of debt cannot happen in a currency union.”

But Merkel, who persuaded German lawmakers on Friday to give their overwhelming backing to another financial rescue package, suggested that she was open to discussing ways to lessen the burden on Athens.

She said, for example, Greece previously has been given more favorable interest rates, time extensions and other relief

“We can talk about such things again,” she said, but added such talks could only begin after details of Greece’s bailout program are finalized.

Though the broad outlines of the Greek bailout were agreed last Monday by the eurozone’s 19 leaders, the details are now being negotiated.

The discussions, which are expected to last four weeks, will include economic targets and reforms deemed necessary in return for an anticipated 85 billion euros ($93 billion) over three years.

Merkel pushed for them to move as quickly as possible, saying that it was important that “the country gets back on both feet quickly.”

Asked about Finance Minister Wolfgang Schaeuble’s suggestion last week that Greece could take a five-year “timeout” from the shared euro currency to address its economic problems, Merkel said the idea of a “Grexit” was no longer on the table.

“The option was discussed but we decided on this option, which was quite apparently the right one for all the other” eurozone nations, she said.

Talking to Parliament on Friday, Merkel said the alternative to the new rescue package “would not be a time-out from the euro that would be orderly … but predictable chaos.”

German Vice Chancellor Sigmar Gabriel, who is also economy minister and chairman of Merkel’s junior coalition partner, the Social Democrats, on Sunday criticized Schaeuble for bringing up the idea of a timeout, saying “it wasn’t prudent to make this suggestion as a German suggestion.”

He suggested there was a disconnect between Merkel and Schaeuble, but the finance minister downplayed any differences, saying in a Der Spiegel interview “we’re not always of the same opinion but we’re on the same path.”

Merkel skirted the issue when asked about internal strife, saying only that her coalition and her party would work together going ahead, and that “the finance minister will conduct the negotiations the same way I will.”

I remember what Turkey did to a weak Cyprus, and what it’s still doing, today.  They would treat the Greeks no better in Greece than they did in Cyprus. 

Europe has choices.  But, they better make them soon, and they better be the right choices.  Else, their unique cultures and societies will collapse under the weight of leftist multi-culturism and our international businesses. 

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15 Responses to Germany …… Sigh ….. Not Sure That A Bridge Is Prudent

  1. gator69 says:

    History repeating?

    In 1933, the year Hitler came to power, the Third Reich began to publish a racist magazine titled lran-e Bastan (The Ancient Iran). The journal was financed by Siemens-Schukken and pro-Nazi Iranian intellectuals. It referred to Hitler as “one of the greatest men in the world.” It depicted him as the man who ended the alleged 200 year old plot by Jews against the nationalities of the world, especially the Aryans.

    The journal also claimed that the swastika was a symbol of Iranians from 2000 years before Christ and they rejoiced over its use as a symbol of German pride and of unity between the Iranian and German peoples.

    In 1935, Reza Shah asked foreign delegates to refer to Persia as Iran. The Iranian Ministry of Foreign Affairs then requested that all foreign embassies in Tehran refer to the country as Iran and they obliged. [Iran ChamberSociety]

    The suggestion for the change of the country’s official name to Iran is said to have come from the Iranian ambassador to Germany, who came under the influence of the Nazis.

  2. DirkH says:

    German industry obviously hopes to compensate the severe losses incurred by sanctions against Russia by amping up trade with Iran, and who knows how many German goods will visit Iran only in transit on the way to Russia.

    There’s an obvious rift between Merkel and Schäuble, and my guess is that Merkel’s time is up. There is huge discontent bordering on panic in the nominally conservative and Christian CDU about the rampant Islamization by mass import of Muslim refugees (vulgo invaders).

    I hope we will get early elections. When Schäuble dares to oppose Merkel openly that means he’s got his troops organized.

  3. DirkH says:

    …also: Greece TRIED to pivot to the BRIIICS but it was blocked! (BRIIICS = BRICS + Iran + Indonesia)
    “Moscow’s response was a vague mention of a 5-billion-dollar advance on the new South Stream natural gas pipeline construction that will pass through Greece. Tsipras also sent similar loan requests to China and Iran, but to no avail, the report said.”

    Now, the AIIB has 200bn USD funding IIRC; why did they block this? My guess is: Tsipras will have to go first. Germany does not allow Greece to pivot as long as he’s in power (and yes I think Germany has a say in this.) (After Greece pivots, Germany will. Merkel and certain other top ranking CDU generals might then be junked.)

    • Lars P. says:

      I doubt that article Dirk.
      Greece would only had to go to Germany and ask for the 10 billion-dollar advance to go to Drachma and the Germans would even accept a default + haircut on debt in this case. Is it not what Scaeuble proposed after all?

      • DirkH says:

        Obviously there is a power struggle within the CDU. Schäuble does not have the authority to give Greece 10 bn on his own; officially he is only the FinMin. BTW he pondered resigning (but I think only to scare the other side).

    • Lars P. says:

      Maybe that is a trial balloon by the media to see how people react to it?

  4. gator69 says:

    I forgot to ask earlier. Where in Germany did you live? I was at Patch Barracks for three years, and loved it!

    • DirkH says:

      Ah, 60 km from where I’m now, Mannheim. Way too hot here. 100 deg F. I come from the North.

      • gator69 says:

        I was actually asking James, but nice to know your stomping grounds as well. I never made it to Mannheim, but I used to visit Heidelburg fairly often, sometimes to play soccer. No matter the reason for the visit, we always made a point of seeing the castle, it was one of our favorite places. When I lived at Patch, I don’t ever remember it getting anywhere close to 100, but that was during the ice age scare of the 1970’s.

        • DirkH says:

          Throughout the 70ies Germans bemoaned the rainy summers, and invaded Italy every Summer by the millions.

        • gator69 says:

          I remember finding it a bit chilly at the local outdoor pools, warm days were a treat.

      • cdquarles says:

        Heh, Germany’s hotter than Alabama! I don’t think we’ve seen 100F officially, yet. [July is our hottest month, not August. In a normal HHH summer, we don’t see mid-latitude systems (aka, cold fronts). Last year was quite cool for us. No HHH. This year we’ve had 3 weeks of HHH, normally we switch to HHH in late May to mid-June. Still, we had three mid-latitude systems go through, the last one last week and that one’s cold front made it to Jamaica. I’m not in any ‘urban’ heat island (quite wooded nearby with lots of farm ponds), though there are some a short drive away. I’m going to check to see if the recent normal summer produced any 100s. Back from the search that turned up no official temps higher than 98F.]

    • suyts says:

      Bad Kreuznach ….. well, the first time it was Frankfurt, but, I was much to young to recall. B.K. isn’t very far from Mainz or Wiesbaden. As a child, I loved German candy! Dad was something of a linguist and picked up on German quite well. There was an elderly couple who owned a Guest house/tavern, who essentially adopted dad because he reminded them of a child they had lost some time earlier. I liked them because they doted on us kids. Dad was a disciplinarian. He’d take us out to eat there at least once a month, usually more often. They’d get onto dad for getting on to us.

      One of my early memories was confusion with a child of one of dad’s German friends. He invited us boys to play “football” with him, we eagerly accepted! ……. the silly ball wasn’t colored or even shaped right!!!!

  5. DirkH says:

    This is nearly too mad even for Sweden.
    “If you think this story is too outlandish to believe, remember that we’re talking about the same country whose taxpayer-funded “expert” on Islamophobia, Michael Nikolai Skråmo (pictured below), went on to join ISIS.”

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