EU FUTURE BREAKING: Berlin moves Germany out of the line of fire…and squarely into the driving seat
BY JOHN WARD NOVEMBER 12, 2013
'BUSINESS-FRIENDLY' EU = VICTORY FOR BANKERS AND MULTINATIONALSS DANGER AHEAD FOR GREECE EC TO BE SIDELINED IN EZONE BANKING UNION HITLER WON AFTER ALL VICTORY FOR THE BANKFURTERS WOLFGANG SCHÄUBLE
It is no longer possible to deny the Grossdeutschland “business friendly” agenda in Europe
Although the process has gone largely (and very likely deliberately) ignored by the old Robber-Baron media, in a series of moves over the last few days, the German Federal Republic has given out the message loud and clear: the eurozone project will be pursued, but not in a way that even remotely risks German solvency. The Bankfurters, it seems to me, have won…as I always suspected they would. Mario Draghi – for all his initial political skills in the ECB job – now looks cornered. The Greeks must accept that they’ll be hung out to dry….and the Schäuble dream of a Germanised ‘business friendly’ Europe is on the verge of coming true.
In Germany’s emergent post-election CDU/CSU/SPD Grand Coalition, red lines have been clearly agreed on banking union. Alongside this sits a united decision to reject the proposals of the European Commission and ECB on banking union, and to anchor the resolution fund to the Ecofin on a purely inter-governmental basis. Several sources involved in the coalition talks have confirmed the story, which ran at Reuters. The 3 major German Parties also agreed that no funds from the ESM should be made directly available for the recapitalisation of eurobanks.