Merkel bucks German Street on Greek aid

Merkel bucks German Street on Greek aid

There are 2 comments on the News Journal story from Feb 21, 2012, titled Merkel bucks German Street on Greek aid. In it, News Journal reports that:

BERLIN — Angela Merkel is having a Margaret Thatcher moment. Having spent six years in office defying comparison with Britain's first female prime minister, Merkel is being likened to Thatcher as she steers Europe's response to the financial crisis with demands for debt reduction and tighter economic controls. Media including the Frankfurter Allgemeine Zeitung, the newspaper of record in Germany's financial hub, dub her 'Europe's Iron Lady.' Strengthened by record-low joblessness at home, Merkel has rejected calls to either cut Greece loose from the euro area or ease her conditions for aid. By bucking the German street and steering the middle course, she is gambling that policy makers will continue to prevent a euro meltdown, helping her win re-election next year and match Thatcher's third term. 'If Merkel were to go into elections with a collapsed euro zone she'd have a lot of difficulty winning,' Giles Merritt, head of Friends of Europe, a Brussels, Belgium-based research group that promotes debate on the European Union, said. 'Finally, her statesman side is kicking in.' Merkel may be homing in on her platform for the election next fall: enforcing the budget discipline that Germans want while fending off the breakup of the euro area as too risky to contemplate for a country that has staked its post-World War II role in Europe on promoting consensus. She has quashed an anti-euro groundswell in her coalition, saying the solution is 'more, not less, Europe.' 'I don't want Greece to leave the euro, and therefore the question doesn't arise,' Merkel, 57, told a student audience earlier this month, saying the costs of a crack in the euro region are 'incalculable.' The balancing act is paying off. Even as Germany bankrolls bailouts from Athens to Dublin, the yield on the country's 10-year government bond on Jan. 13 dropped to a two-month low of 1.74 percent, after reaching an all-time euro-era low of 1.67 percent on Sept. 22. Merkel's poll ratings have risen since December to the highest of her second term as she prodded French President Nicolas Sarkozy to forge a united front favoring spending rigor across the euro area and expanding the defense against crisis contagion. Twenty-five of the EU's 27 states have signed up to her plan. 'She realizes that only with sticks, the European project is not going to move forward,' Henrik Enderlein, a political economist at the Hertie School of Governance, said. 'She also needs carrots. And the carrot is that Germany is a pro-European country that wants to build something with the other countries in a concerted fashion.' As Greeks chafe at a perceived German diktat, Merkel wants to signal that 'it's not Germany leading the others, it's Germany leading with others,' Enderlein said. 'This is the message she wants to convey to her European partners.' That means Merkel is facing down calls for dumping Greece by business leaders such as Commerzbank supervisory board Chairman Klaus-Peter Mueller, who last month said Greece should be freed of its 'shackles' of the single currency. Franz Fehrenbach, chief executive officer of German auto-parts supplier Robert Bosch GmbH, told Manager Magazin last week that Greece should be ousted if it doesn't quit voluntarily. Merkel's unyielding stance is prompting the comparisons with Thatcher, who famously dismissed criticism of her budget cutting 18 months into her premiership, telling members of her Conservative Party in 1980 that 'the lady's not for turning.' 'Thatcher and Merkel are both tough as nails,' Gary Smith, executive director of the American Academy in Berlin, a trans-Atlantic research institute, said. Both conveyed that 'they're resolute and not flip-floppers.' Like Thatcher, who took on miners as she sought to clamp down on Britain's trade unions, Merkel hasn't shied from confrontation. Unlike Thatcher, she appeals to Germans because she's 'cautious, modest and discreet,' Smith said. 'With Merkel at the helm, things are calm and Germany is doing well on a global scale.' The two leaders' respective attitudes to Europe couldn't be further apart. Almost a quarter of a century after Thatcher used a speech in Bruges, Belgium, to warn against a 'European super-state exercising a new dominance from Brussels,' Merkel is pressing for economic and political union. That drive has sidelined Britain as Conservative Prime Minister David Cameron refuses to join the German-inspired European budget-discipline pact. Merkel, a protege of former Chancellor Helmut Kohl who grew up in communist East Germany, didn't come naturally to building a united Europe, the goal of German leaders since the aftermath of World War II. At a Christian Democratic party rally last year, Merkel accused Spaniards and Portuguese of working too little. Now, Merkel rebuffs national caricatures that pit industrious against lazy Europeans and presents austerity as the best hope of competing in the global economy for EU's 500 million people. 'There are lazy Germans and there are hard-working Germans,' Merkel said in a Sueddeutsche Zeitung newspaper interview in January. 'We can bury the old stereotypes.' Merkel's Christian Democratic Union party is benefiting from German economic data including the lowest jobless rate in two decades and business confidence at a five-year high. A Feb. 2 poll for ARD television showed Merkel's personal popularity at 64 percent, the highest since 2009. The same poll showed 70 percent against offering more financial guarantees for Greece. Backing for Merkel's CDU held at 38 percent, the highest since before her reelection in September 2009, a separate weekly Forsa poll showed Feb. 15. The opposition Social Democrats dropped one percentage point to 26 percent. Shielding Germans from the turmoil has helped reverse Merkel's fortunes after public anger at bailouts for Greece, Ireland and Portugal sent support for her bloc as low as 29 percent in fall 2010. Last year, her national coalition was defeated or lost votes in all seven German state elections. Markets are going Merkel's way for now, easing political pressure. Even so, she can't bank on an end to the turmoil and the next state election looms on March 25 in Saarland, where a Christian Democrat-led government collapsed on Jan. 6. With Greece's ability to shoulder its austerity in a fifth year of recession unresolved and Portugal's debt sustainability in doubt, any resurgence of the crisis would probably revive calls for joint euro-area bonds and a bigger firewall, putting Merkel on the defensive. 'It's a risky strategy,' Enderlein said. 'Now that the crisis is calming down she can say more Europe is needed, as long as this Europe picks up the German 'stability culture.' If this works, it will be extremely successful.'

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Royal Families Are Scum

Covina, CA

#2 Mar 1, 2012
According to "wikianswers" Benjamin Franklin's statement, "We must all hang together, or assuredly we shall all hang separately" was made at the signing of the Declaration of Independence on July 4th 1776 and meant that if they did not band together in the fight against the British, they would all be hanged separately.

&fe ature=related

The point of that Twilight Zone clip is to point out that you should never let government get out of control.

As you read this the New World Order is trying to see how far they can push America before they finally push us over the cliff and take over.

“When the people fear their government, there is tyranny; when the government fears the people, there is liberty.”

-Thomas Jefferson

This country needs to do two things right away.

1) We need to have a prolonged MASS PROTEST in Washington DC right away using freedom loving public figures and media.

2) We need a NATION WIDE TAX HOLIDAY/ REVOLT to protest our tax money being used to to fund these Nazi like invasions of other countries. Our bribed Federal government is giving our tax money to these filthy international bankers to invade other countries. Regular Americans don't support this behavior so we need to take a stand.

The first couple of minutes of this Three Stooges clip shows the international banking ellites mindset

Now is the time to stand up to our banker bought Federal Government. This needs to be done nonviolently and effectively right now.

Royalty is behind all of the world's problems -it always has been; English, Dutch, Austrian, German, Hungarian, Translyvanian, etc. We have worthless reptillian like parasites running the planet right now. No wonder things are so screwed up -this is their true digusting essesnce behind the fancy clothes and speech. They are noting but filthy, murderous, godamn self annointed Skeksis:

These Royal blood line families are causing all the worlds problems by making us fight each other while these vampires profit off the wars they create -Russia and China should target them, not the good old USA if we head into WWIII. America should do a double take and go after this royal vermin as well. Any American that would worship any of these royal parasites is a drooling labotomized moron.

BTW, this has nothing to do with the good average citizens of these countries -just their so called royalty. They are getting screwed like all the rest of us.

We need to bring America back to its founding principals. We are already doing this by getting the word out.


Since: May 11

Location hidden

#3 Jun 14, 2012
First you must get rid of the Royalty in the U.S.!!!

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