Friday , July 12 2024
Home / News / Economy / German President Urged Merkel to Explain Why the Euro Needs to Be Saved

German President Urged Merkel to Explain Why the Euro Needs to Be Saved

German President Joachim Gauck called Saturday for Chancellor Angela Merkel to explain why Germany needs save the euro – at great expense to the country‘s taxpayers – and what will be necessary.

In an interview with German television channcel ZDF, Gauck said that Merkel “has the duty to describe in great detail what it means, including what it means for the budget.”

He said that the political establishment has struggled to explain why it is vital for Germany to do its part to save Europe‘s currency union, and he offered to help in the process of communicating those priorities.

“Sometimes it‘s hard to explain what this is all about. And, sometimes, there‘s a lack of effort to openly tell the populace what is actually happening,” Gauck said. (dpa via europeonline-magazine.eu)

Check Also

Housing prices in Greece soar amid short supply and high demand

Ηousing prices in Greece continue their upward trend in 2024, with the most significant increases, …

10 comments

  1. Mr. Gauck does not have to wait for Merkel to explain anything to him or the German people.
    All it takes is a very good read of this:

    http://www.opendemocracy.net/david-malone/save-euro-who-for

    We have all been conned Herr Gauck, and the Merkels and Schaubles of this world are willing pawns in this huge ponzi scheme, while Joe Soap, including German Joe Soap, is ending up paying for it!

    • keeptalkinggreece

      she should explain to him that the European taxpayers paid so that Merkel & Gauck get freed from the iron curtain, that Eastern Germany entered the EU -maybe without deserving it – and that both ex East Germany citizens lead the unified Germany nowadays.

      • now now, we are all citizens of the Greater Unified Germany, East West South or North. Some of us just haven’t paid enough yet to be allowed wear the badge 🙂

        • keeptalkinggreece

          oops! I forgot to mention “what an honour for EU citizens to pay for German reunification”.

          • Tsk tsk. Exactly when has Germany EVER received more money from the EU than it contributed? Not even in 1990, ktg.

          • Hi Gray. Now you have a German MEP telling your constitutional court that it does not know its job. Your thoughts ?

          • My instant thought: In every crowd there are some idiots. I would never pretend that Germany is free of them. Some of those jerks even got elected.

          • Second thought, something I’ve read somewhere: “It has been said that democracy is the worst form of government except all the others that have been tried.” I guess the author would have heartily acknoledged that there’s no parliament anywhere that’s free of idiots.

  2. Ephilant,

    Good article. There is one additional concern with regard to euro break up: the effect on international trade and production that relies on long supply chain.Currently a lot of goods, especially electronic ones, have different parts produced in different countries. With the break up of euro the costs of producing long supply chain goods would be very uncertain. Also, international trade in general would suffer.
    But, with the re-localisation of the economies due to Peak Oil, this concern would become less important.

    N

    • Much of the supply chain is outside of the EU – Chinsa, Taiwan etc. It is straightforward to control supply costs by currency hedging. [ I run a micro company – 5 staff – and I do it regularly ] Those who say this is decisive are talking the problem up for political reasons.

      The same for “peak oil” – this is almost always a politically driven discussion- not the oil majors saying ” oh shit, folks, we’re running out “