German Finance Minister Wolfgang Schaeuble slammed Greek Prime Minister Alexis Tsipras for accusing Germany that it targets Greek low-pensioners. In an interview to DIE ZEIT, Schaeuble said that he had “absolutely no compassion for Tsipras when he blames the German government for wanting to harm Greek pensioners.”
Background for Schaeuble’s critic was Tsipras’ decision to grant a Christmas bonus to 1.2 million low-pensioners funded by the primary surplus in 2016.
“We have asked the EU Commission, the International Monetary Fund, the European Central Bank and the ESM Rescue Fund for an opinion on whether this decision is in accordance with Greece’s commitments. The preliminary answer is: Nein.”
Of course, the claim that the institutions had said Nein was a sheer lie and I have no idea whether Schaebule blushed at that very moment he said so.
The self-proclaimed head teacher of Europe and the eurozone said further that showing “understanding does not mean that one will accept without objection when things are going in the wrong direction. Creating debt without limit causes more problems.”
He stressed that” Some should not forget that money don not come only from the Germans or French taxpayers but also from countries such as Lithuania and Slovakia, where pensions and benefits are much lower than in countries receiving assistance.”
He forgot to mention, that until 26 years ago, Lithuania and Slovakia were countries under the communist economy rule and that the pension funds were empty.
In the tiny, bitter world of Wolfgang Schaeuble, the Christmas bonus given to Greek low-pensioners could drawn Greece into debts and even worse: it could bring down the Eurozone.
The problem with Schaeuble is not the Greek debt, the pensioners in Slovakia and Lithuania, the eurozone or Santa Claus. The problem with Schaeuble is his very own personal obsession with the young Greeks in the government, an obsession that intrudes his mind, eats his soul and blurs his senses.
“No Compassion for Tsipras?” It’s the people, man, not the governments or the prime ministers.
If I were one of Schaeuble’s close friends, I would advise him to seek professional help. He could discover amazing things like why he never and will never manage to be a leader.
But I am not.
He is a leader KTG. He has successfully led the conquest of the Eurozone, he is the minister of finance of the 4th Reich and its colonies (Greece, Portugal, Slovakia, etc) and is stronger than ever in his evil empire of fear and terror. Adolf would be proud.
And little compassion for pensioners either. In 1953 it were countries destroyed by Germany -including Greece- that gave it debt relief. There was little compassion in that I think. Just a realization that the mistake made after WWI should be avoided and that a country should not be kept down forever. Somthing Schauble obviously forgot.
And then it was the reunication to which everybody agreed. A lot of compassion. It meant the best thing to happen to Germany since WWII (along with the introduction of the Euro). For the rest of the continent not so much although it is good communism ended there.
The problem with Schäuble is his pent-up bitterness and anger. He should get a massage…with a happy ending.
Schaeuble decided, years ago, to use Greece as a fallguy in order to keep the others, France in particular, under threat of the same treatment and to further his ambition within the EU. Schaeuble, so cowardly, picked on a weakened Greece. He controlled the Troika’s leaďer (I watched on TV) and I am sure he takes every opportunity to further his anti-Greece policy.
Schaeuble is an incredibly evil man. Even worse than most of the other Finance Ministers blocking recovery for Greece. This is why back when Tsipras was trying to negotiate a deal for Greece in the wake of the referendum, I was calling for his resignation. Unfortunately, not enough people joined this call.
It is also why Nobel Laureates in Economics were calling for Greece to stand firm and leave the EU rather than put up with further abuse. But that call was also ignored.
There will be no recovery worthy of the name while ever Greece remains in the Euro. By remaining, Greece is condemned to perpetual stagnation. It is that simple. Greece should never have joined this crazy scheme and God damn all those who advocated and support it.
Wolfie is not alone, had he been alone other interests and policies would have sidelined him. He is the instrument of an entire system which aims to prevail over all Europe and convert its citizens into labour slaves. It is too naive to think of Wolfie as simply being bad, psychotic or evil. The entire German elite, in collaboration with the US and international financiers are far more likely owners of such plans. Poor Greece is just the pilot site, chosen because of its decaying society and its abundance of willing cheap-to-buy political personnel.
The key issue is parallel circulation. When the EURO will be deceasing, it is important that an official exchange rate to neo-lyra and neo-drachma exists as long as possible. This will reduce the repayable debt with a factor of ten.
Therefore 5S is considering introduction of a parallel currency ASAP.
Total nonsense.
Since 2012 impossible, this is not allowed. Did you miss against this possibility they’ve dealt the memorandum to be implemented under “British law”?
You mean English Law.
He means the Law of England, Wales and Northern Ireland. Not English.
The big advantage of parallel circulation but no peg is that CACs are not to be used. Should major event happen – 5S, LePen or similar, EUR will rapidly drop against USD JPY etc. At this moment EUR will rapidly drop against parallel neo-lira neo-drachma as well. Panic will ensue; everyone will like to sell EUR. Merkel will propose to abandon EUR, but to recalculate EUR debts in USD (neo-DEM or JPY) according to last high course. This will be critical. If there is any market value of EUR anywhere, South should not agree. EUR will be decaying very rapidly. Germany will use neo-DEM which is already printed. Countries which have shredded their old currency will use USD (like Latvia) and rapidly print their new currency.
Of course, deciding to value debt at actual EUR rate (that moment probably 1 EUR = 1 JPY), also South banks and richies will lose value of their foreign assets as bonds and certificates, this is not very important. But this will be anyway small loss compared with massive cleaning of public balance sheets.
German Mittelstand will die immediately as neo-DEM appreciation will hit.