Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘Germany’

… The Situation with the Euro is Getting Dangerous [#a game of Chicken]…

Posted by paulfromwloh on Saturday,June 18th,2016

.. maybe Dr. Doom [Nouriel Roubini] is off of his game ..

.. maybe not .

.. the Greeks are testing the limits of the Eurozone system . No , they do not want to be kicked out of the Euro . Not without good reason . However , the Greeks feel that the austerity package that they are being forced to endure is intolerable . The debt load is accelerating , and the amount of austerity that Athens is forced to endure is becoming intolerable …

.. [h/t — Newsmax.com]..
.. [link] to the blog post …

.. The Germans are a patient people . They have rebuilt their fiscal reputation on being conservative and being very patient . Patience has its limits , though . Germany may feel that it may not be worth having Greece in the euro any longer , at some point . The question is , where is that point , and who makes the call ??

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… The ObamaCraps should Not Meddle [#Greece]…

Posted by paulfromwloh on Thursday,June 16th,2016

.. those idiots in the ObamaCrap White House should know better . They have a hard enough time understanding our economy as it is . Now they are trying to meddle elsewhere . Yes , it is bound to get them into trouble …

.. the Europeans and Greece are having a hard enough time settling their own affairs as it is . The Euros keep piling more and more debt on the Greeks , instead of writing it off . The Greeks cannot pay what they have to pay now . one cannot expect them to pay more ..

.. [h/t — Newsmax.com]..
.. [link] to the blog column ..

.. yet the ObamaCraps are leaning on the Euro institutions and the I.M.F. . They want them to ” take it easy ” on the Greeks . That is hardly a way for the Greeks to pay off a manageable amount of debt , much less their current load . However , it is the Euros business to settle , not ours . It is not the place of the ObamaCrap White House and His Lordship to stick their noses in wheat is not their affair …

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… The Fall of the Berlin Wall [#25 years later]…

Posted by paulfromwloh on Saturday,July 18th,2015

.. considering that we are celebrating the 25th anniversary of the occurrence of those momentous events , it is appropriate to celebrate one of Ronaldus Maximus ‘ great speeches …

.. [h/t — theRightScoop.com]..
.. [link] to the speech video …

.. yep , it is an all – time great one : the 1987 Brandenburg Gate speech in Berlin , the one in which President Reagan called on Mikhail Gorbachev to ” …. tear down this wall … ” …

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… The Eastern Part of Ukraine is Getting Dicey

Posted by paulfromwloh on Tuesday,April 15th,2014

.. and because of it , Europe may be at war for the first time since World War II …

.. Mad Vlad [Putin] is not kidding around . At the rate he is wanting to go , he wants to roughly reassemble the old Soviet Union , just not on the old Soviet model . Anyone with a brain knows that Communism does not work …. Been there , done that …

.. Ukraine is not a member of N.A.T.O. , but the countries that border it (including the Baltic nations) are . That creates a real headache . Especially for Poland . The Poles understand being under the Russian boot better than anyone . They have been there before . More than once …

.. Appreciate the irony , this time . The Germans , of all people , drawing a line , and guaranteeing a free Poland ‘ s security , and making France and Britain and the rest of Europe to come along . Germany , after all that  they have done to Poland , stepping up this time to draw a line . Angela Merkel has , to be honest , more ” balls ” than either Hollande [France] or Cameron [Britain] , and especially POTUS [U.S.] . She knows what may be at stake . Germany also has economically the most to lose …

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… Superb Point by Dr. Krauthammer [Iran and the ” Bomb “] …

Posted by paulfromwloh on Tuesday,November 26th,2013

… this [point] was brought up , I believe , by Dr. Charles Krauthammer on “Special Report with Bret Baier” the other night .

.. It is outstanding . The more I think about the Iran – nukes deal , the more that I hate the damn thing . And the more that it smells and looks like a modern – day version of Munich from September 1938 .

.. May God in Heaven Help us All !! ..

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… Angela Merkel wins re – election in Germany …

Posted by paulfromwloh on Monday,September 23rd,2013

.. interesting result , to say the least .

.. you may ask , why ?

.. Germany is Europe ‘ s power engine . Merkel is , at least for now , Germany ‘ s unchallenged leader . No one else even comes

Angela Merkel September 2010

Angela Merkel September 2010 (Photo credit: Wikipedia)

close . No one else in any of of the other parties comes anywhere close to matching her in stature , or in policy . She may not be the idea machine that Maggie Thatcher was , but she is no dim bulb . She knows what she does , and what she does not , and is very will to seek out advice from other quarters , when she needs to ..

.. Her party coalition is made up of two parties . One is the mainline Christian Democratic Union . The other is the Bavaria – based Christian Social Union . Basically , they are one and the same . The two [ the Christian Democratic Union (C.D.U.), with its Bavarian sister party , the Christian Social Union (C.S.U.)] came very close to gaining an absolute majority in the German parliament , or Bundestag . This has not been done since 1957 , in the West German days under Konrad Adenauer .

.. Her normal coalition partners were not so lucky . The Free Democrats (the F.D.U.) were , in effect , shut out of the Bundestag in this election . They only achieved 4.8% of the vote . In Germany , you need 5.0% of the vote for your party to have representation in the Bundestag . Well , the anti – euro Alternative fur Germany (AfD) fell short , as well , at 4.7% of the national vote , so they will not be in the parliament , either . However , for their first time out , that share of the vote is not a bad result .

.. The Left in Germany had a very bad night . Amazingly enough , the loonie (far) left did all right . Both of the loonie left parties [the Greens and die Linke (the Link)] achived about 8.0 to 8.5% of the vote . The mainline left (the Social Democrats) were not so lucky . Their vote declined from the last election , to about 25.5% . The bigger problem was perception . The Social Democrats lost , and lost big , to the C.D.U. by nearly 17.0% . That hurts . The current party leadership will , in all likelyhood , have to stand down , in favour of fresh blood . What they have been doing has not worked , and they need to change …

.. So what happens next ? Merkel will be able to ease up on her austerity policy , at least somewhat . The immediate crisis has abated , but Greece and Cyprus are still the problem children . Cryprus is so small , and the Russian investors will take flight , so the Cypriots will likely be able to stay in the Euro . Not so for the Greeks . It is only a matter of time before Greece is given a stark choice , and Germany will have the whip hand .

.. Merkel ‘ s hand will be strengthened otherwise . Her power , relative to France will be much greater . Francois Hollande has proven to be a total screwup , and his Socialists are not a whole lot better . Hollande had better hope that France does not have legislative elections anytime soon , or …..

.. There are also more conservative governments in Europe . Right now , Britain is governed by a coalition , but at the next elections , the Tories , along with the UKIP , are likely to win an absolute majority . Norway is under new management , and so is Spain ….

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… the Constitutional Court

Posted by paulfromwloh on Monday,July 16th,2012

… no , folks , not our U S Supreme Court …

… the German Constitutional Court .

… whatever may happen in Europe will likely start in Germany with their highest court . Why ? a number of their constitutional law professors have challenged the bailouts , as well as the mechanisms that the national governments have been using . and the demand keeps growing . and , they do need Germany , with its deep pockets …

… however , they may not have it . If their court says no , in full , or in part , Germany will effectively be out of the bailout business . I think that this court may well say no , at least in part …

… in Germany , especially , given its recent history (who can forget ,  and no one should) , they need to stick to their rule of law more than anyone , and avoid legal finesse …

… but , the consequences for Germany , Europe , the EU , and for everyone else may be telling ….

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