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Desperate: Unstable EU Countries Consider Surrendering Sovereignty in Return For German Aid

Longtime austerity advocate and German Chancellor Angela Merkel says she will only consider France’s proposed “collective debt” solution if the rest of the EU agrees to her ambitious demands.

French President Francois Hollande introduced the idea of an EU-wide “collective debt” agreement, which would use euro bonds to reduce troubled countries’ borrowing costs, in May. However, for all the obvious reasons, Germany opposed his solution.

Austrian finance minister Maria Fekter rejected the idea of introducing jointly issued bonds and said that “running up new debts to finance growth is ‘nonsense,’” the AP reports.

Desperate: Unstable EU Countries Consider Surrendering Sovereignty in Return For German AidAustria’s Finance Minister Maria Fekter, right, believes the idea that
you can spend your way out of a financial crisis is “nonsense.” (AP Photo/Virginia Mayo)

During a radio interview with Oe1 radio, Maria Fekter, said that “eurobonds [sic] are only attractive for those ailing countries that pay very high interest rates, who…go to the neighbor who has good creditworthiness and say, ‘Dear neighbor, please pay my debts.’” She added: “I don‘t want to pay the neighbors’ credits.”

Contrary to Keynesian beliefs, the Austrian finance minster insisted “growth from new debts is nonsense.”

And before Fekter’s “nonsense” remarks, Bundesbank chief Jens Weidmann said during an interview with Le Monde newspaper that it was an “illusion” to think allowing eurozone countries to borrow money jointly would solve the crisis.

“He said countries that use the euro would need to combine their budgets before turning to euro bonds,” the report adds.

However, the German alternative to government spending solutions (i.e. slashing budgets with austerity measures) has not been well received either. With the ousting of French President Nikolas Sarkozy, a Merkel ally, the German Chancellor has found herself alone among EU leader who believe spending is the wrong solution for the eurozone crisis.

But perhaps Hollande’s “collective debt” proposal has presented Germany, the most stable and wealthiest country in the 17-nation union, with an opportunity.

“After falling short with her ‘fiscal compact’ on budget discipline, German Chancellor Angela Merkel is pressing for much more ambitious measures, including a central authority to manage euro area finances, and major new powers for the European Commission, European Parliament and European Court of Justice,” Reuters reports.

Desperate: Unstable EU Countries Consider Surrendering Sovereignty in Return For German AidGerman chancellor Angela Merkel (AP Photo/Herbert Knosowski)

She has also proposed a coordinated effort to reform and restructure labor markets, social security programs, and tax policies.

“Until states agree to these steps and the unprecedented loss of sovereignty they involve, the officials say Berlin will refuse to consider other initiatives like…a ‘banking union’ with cross-border deposit guarantees,” Reuters report.

But Merkel wouldn’t put these demands on the table unless she was at least partially serious, right? Actually, she probably is very serious. Although a “collective debt”  solution is an unappealing option for the German state, it can be used as a bargaining chip.

Let’s put it this way: the EU’s financially desperate countries (i.e. Greece, Spain, etc.) are so eager to get Germany to agree to a “share the load” solution that they might actually concede a great deal of power to the Merkel administration — and she knows it.

Desperate: Unstable EU Countries Consider Surrendering Sovereignty in Return For German AidSocialist Party candidate for the presidential election Francois Hollande (right)
and his companion Valerie Trierweiler (left) (AP Photo/Lionel Cironneau)

Spanish Prime Minister Mariano Rajoy told a Senate session that Europe “needs to support those that are in difficulty.”

“It needs fiscal integration with a fiscal authority and banking integration, a banking union with Eurobonds [sic], a banking supervisor and a European guaranteed deposit fund,” he added.

European leaders are to hold a summit on June 28 on how to stop the 17-country eurozone from collapse, the AP reports. The European Commission and the ECB will likely discuss measures for creating a “banking union” that would oversee banks and “possibly offer bailouts directly, bypassing national governments.”

The Associated Press contributed to this report. This story has been updated.

Comments (160)

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  • PROSECUTE_PUBLIC_SERVANTS__FOR_CONSTITUTIONAL_TREASON
    Posted on June 6, 2012 at 6:48am

    “Interest is a most vile evil.” Thomas Edison, inventor

    “If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nations credit.” Sir Josiah Stamp, World Banker

    “The drive of the Rockefellers and their allies is to create a one-world government combining supercapitalism and Communism under the same tent, all under their control…. Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent.” Congressman Larry P. McDonald, 1976, killed in the Korean Airlines 747 that was shot down by the Soviets

    “Communism and Zionism are Rothschild proxies: two pincers in the bankers’ plan for world government dictatorship, currently masquerading as globalism.” Dr. Henry Makow, “The Cult That Hijacked the World” (p.104)

    “The Federal Reserve bank buys government bonds without one penny…” Congressman Wright Patman, Congressional Record

    “We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it”. – Congressman Louis T. McFadden

    “There will be a new global government.” David de Rothschild, Wo

    Report Post »  
    • HowardSternIsABigot
      Posted on June 6, 2012 at 7:22am

      Correct! Why do the fools think surrendering sovereignty will make things better for them? That German Jackboot will push down on their throats and no more discussion of who pays. They will pay, and poay, and pay. Sooner or later you pay the piper. Letting someone else enslave you NEVER ends up good for the slave.

      Report Post »  
    • soybomb315
      Posted on June 6, 2012 at 7:55am

      “Gold is the currency of kings; silver is the currency of gentlemen; barter is the currency of peasants, and debt is the currency of slaves” unknown author

      Report Post » soybomb315  
    • soybomb315
      Posted on June 6, 2012 at 8:17am

      now maybe people will see that changing the obama regime without making significant financial reform is just window dressing. I will vote for real change

      Report Post » soybomb315  
    • poorrichard09
      Posted on June 6, 2012 at 8:46am

      So what’s really different here? Bankrupt countries issue more debt backed by fiat currency, same old same old. There used to be a joke that went: the EU is a group of bankrupt countries united by a common currency.

      Report Post »  
    • 3monkeysmomma
      Posted on June 6, 2012 at 9:23am

      So basically, WWII just suddenly became irrelevent?

      Report Post » 3monkeysmomma  
    • johnjamison
      Posted on June 6, 2012 at 9:38am

      They truth is until the change the mindset of the work force to and ask not what my country can do for me ask me what I can do for my country mantra THEY’RE SCREWED.

      Report Post »  
    • hidden_lion
      Posted on June 6, 2012 at 9:50am

      Welcome to the return to the age of Empires. How pathetic to give up sovereignty for a bailout. These people do not deserve to have their own countries.

      Report Post » hidden_lion  
    • AmazingGrace8
      Posted on June 6, 2012 at 10:03am

      Good Morning America….how are ya?

      Great Post!

      Report Post »  
    • ChiefGeorge
      Posted on June 6, 2012 at 11:25am

      Its no wonder Jesus threw the money changers out of the temple and called it a den of thieves and robbers. If they were only innocently changing monies then why would Jesus say they were thieves and robbers. The answer is in the exchange of monies to purchase temple provided sacrifices which were marked up through the exchange process.

      Report Post » ChiefGeorge  
    • Evileye
      Posted on June 6, 2012 at 11:30am

      Obumbler said Change America now then the world next( one of his campaign speeches)

      Hitler said “ today Germany tomorrow the world” .
      Both mental ill tyrants.

      Report Post »  
    • Independent4233
      Posted on June 6, 2012 at 1:11pm

      “French President Francois Hollande introduced the idea of an EU-wide “collective debt” agreement, which would use euro bonds to reduce troubled countries’ borrowing costs, in May. However, for all the obvious reasons, Germany opposed his solution.”

      This will just kick the can down the road a bit farther. I’m not sure they realize that or, perhaps, they are for the scheme, because they think that delaying tactics will give them more time to get things back to solvency. Either way they come across asa bunch of dunces.

      Even a high school accounting student knows it isn‘t possible to get back on a sound financial footing if expenses aren’t brought under control and continue to be greater than revenue.

      And, yes, it is as simple as that.

      It is these little tricks their “brilliant” minds come up with that causes their economies to continue heading downward.

      They’ve flooded their countries with third world hordes hoping to increase their tax base and their number of consumers, but have instead caused an abnormal drain on their economies via additional social spending, which was another one of their brilliant schemes.

      The only thing that will stop them from digging a deeper hole for their countries is to be ousted by civil conflict…………… and it’s coming.

      Report Post »  
    • AreyouseriousReally
      Posted on June 6, 2012 at 2:28pm

      In Star Wars III the Sith Lord is taking over the senate when the princess says, “So this is how liberty dies, with thunderous applause…” OOhhhh the irony.

      Report Post »  
    • MarsBarsTru7
      Posted on June 6, 2012 at 2:39pm

      I find it to be a profound irony that you’d adhere to the notion that Zionism and communism are intertwined since one is simply advocating the sovereignty of a Jewish nation in Israel while the other is an atheistic anti-religious totalitarian political system. It is especially ironic considering that this negative spin on Zionism comes in response to an article that deals with the subject of a resurgent Germany possibly seizing the sovereignty of other European nations.

      Yeah. Totally makes sense… Funny. It kind of reminds me of propaganda that came out of Germany in the 1930s. Hey, I have a copy of Goebbels diaries if you’d like to have a look sometime. Then again, you may have already read it and thought, “Hey, now that sounds good to me.”

      Report Post »  
    • West Coast Patriot
      Posted on June 6, 2012 at 5:45pm

      Things just keep getting better and better: Dollar loses reserve status. http://www.nypost.com/p/news/business/item_hFyfwvpBW1YYLykSJwTTEL#ixzz1×2MyCixC

      Yeah lets put another progressive in the White House that will do little to stop the madness. http://www.fox19.com/story/17096680/reality-check-fact-checking-mitt-romneys-budget-plan

      Report Post » West Coast Patriot  
    • Hollywood
      Posted on June 6, 2012 at 6:17pm

      Martin Bormanns; plan is coming together well! Germany firing up their Panzers, once again[Economic Panzers this time!]

      Report Post » Hollywood  
    • SBR308
      Posted on June 6, 2012 at 6:36pm

      The German reich will rise again. The germans have never liked the dark people to the south.

      Report Post »  
    • Jaycen
      Posted on June 7, 2012 at 1:36am

      It’s been entertaining to me to see so many “conservative” bloggers and commenters praise Merkel. She is just as socialist as the rest of the group, but she’s more power hungry. She isn’t preaching austerity, because she’s noble. She’s been putting her country into a better situation to dictate how things will work in the rest of the countries.

      I know several Europeans. Only the Swedes that I know seek American-style freedom and economy. The rest take socialism for granted in every regard.

      Report Post » Jaycen  
    • johnjamison
      Posted on June 8, 2012 at 3:57pm

      Hitler is laughing from his grave as radical jew hating Muslims are the fastest growing population in Europe and Germany is taking over Europe without firing a shot.

      Report Post »  
  • ColoradoMaverick
    Posted on June 6, 2012 at 6:40am

    Bed wetters! I guess they are going to let Germany take them over once again, without firing a single shot. So sad. So pathetic.

    Report Post » ColoradoMaverick  
    • Mil-Dot
      Posted on June 6, 2012 at 6:59am

      I think the opposite. If the Krauts fall for this crap and continue dumping money down rat holes they are idiots. When are the Germans going to get rid of this Merkel creep anyway. I mean, my God, is SHE the best you got? That whole Euro thing was a bad idea from the start. There was a good reason, stretching back thousands of years as to why Europe was a group of DIFFERENT countries. Because they are DIFFERENT PEOPLE. Who would have thunk that?

      Report Post »  
    • jblaze
      Posted on June 6, 2012 at 8:28am

      A German strongman is waiting in the wings, be very careful, you may get your wish! Do not forget German history. History has a way if repeating itself.

      Report Post » jblaze  
    • bertr
      Posted on June 6, 2012 at 9:35am

      What’s intresting is i think this was actually predicted a couple decades ago in the forth reich conspiracy theories. I still don’t think i buy it, but I’ll keep an open mind seeing how things are heading

      Report Post » bertr  
    • CMDR6
      Posted on June 6, 2012 at 10:03am

      you can call Germany the strong man/jackboot/thug if you want, but it only is the truth because they are the only country in the WHOLE EU that actually works and makes things and produces! The rest of the lot just suck on the government teet. Quite frankly, it is this type of productivity that will be determined to be our saving grace when all of this over spending government crap gets behind us….one way or another.

      Report Post » CMDR6  
    • happ77
      Posted on June 6, 2012 at 12:17pm

      Mildot, Right on. Cmdr6 your right about productivity
      but unfortunatly the left knows that too and they’re
      doing everything they can to make sure we can’t produce
      our way out.

      Report Post »  
    • KOCHLEFFEL
      Posted on June 6, 2012 at 1:13pm

      MIL-DOT
      You should be so lucky to have a Merkel in your Government.
      You would not have to beg China for money and people would have jobs.
      What you have is a bunch of people who enrich themselves and couldn’t care less for
      the rest, think about it!

      Report Post »  
  • PROSECUTE_PUBLIC_SERVANTS__FOR_CONSTITUTIONAL_TREASON
    Posted on June 6, 2012 at 6:15am

    End game is world banking cartel total control of the EU. The slaves work to pay the interest. The interest is converted to hard assets throughout the world. The banking cartel does nothing of substance to deserve the intterest creating non backed debt currency out of thin air using paper and ink. The people of the US are completely enslaved into a one world UN backed state nation marxist gov. The Constitution is gone. Gun ownership is gone. Freedom is gone. Sin rules. Christians are no longer salt and light and have failed to stand for righteousness. If Jesus Christ delays returning, Christians are sent to FEMA camps along with other domestic terrorists. Stay tuned folks it’s all coming.

    Report Post »  
    • missaudrey
      Posted on June 6, 2012 at 7:30am

      What bothers me is…..I think you’re right!

      Report Post »  
    • HKS
      Posted on June 6, 2012 at 7:43am

      That appears logical. The hand writing is on the wall, never has and never will be a free lunch, however liberals think it’s a right.

      Report Post » HKS  
    • soybomb315
      Posted on June 6, 2012 at 8:01am

      spot on

      It’s funny we spend all this money on military and go overseas fighting people and countries….All to make us “more safe”. However, anyone who has a clue knows the biggest threat to national security is debt and our corrupt federal reserve banking system. The FED can bring this country down single-handedly. There is only one candidate who acknowledges this – Ron Paul….But yet Ron Paul is the guy who they say is weakest on national defense. Huh?

      Report Post » soybomb315  
    • AmazingGrace8
      Posted on June 6, 2012 at 10:02am

      Good Morning America….how are ya?

      Agree with posts: @prosecute, miss, hks, soy

      Fema Camps? No one will ever take away my JOY! Praise The Lord!

      Report Post »  
    • PaxInVeritate
      Posted on June 6, 2012 at 12:22pm

      If you truly think, and believe that we are in the period of Revelations, then here is a visionary/prophet that is receiving messages from God the Father, Jesus Christ, and our Mother, Mary. 

      http://www.thewarningsecondcoming.com/home/

      For those bothered by Our Lady, get past it and read the messages anyways. For those that think that the next Pope will be the Anti-Christ, guess what… that is part of the messages. So is the false prophet and all that pertains to the Book of Daniel, Revelations and 1 Enoch. The only good that our voting will do is to lessen the harshness of our tribulations, not delay nor forestall it. Get your oil lamps lit (repent, fast and pray to remain in, and give freely the Love of God) and bring your flasks of extra oil (prepare, store food, buy seeds and items to barter with). Rejoice for the Bridegroom is coming! Pray this prayer and trust in the Lord God:
          ”O My God, My loving Father, I accept with love and gratitude Your Divine Seal of Protection.
            Your Divinity encompasses my body and soul for eternity; I bow in humble thanksgiving and offer You my deep love and loyalty to You my Beloved Father.
      (cont)

      Report Post » PaxInVeritate  
    • PaxInVeritate
      Posted on June 6, 2012 at 12:29pm

      (cont)
            I beg You to protect me and my loved ones with this special Seal; and I pledge my life to Your service forever and ever.
      I love You Dear Father.
      I console You in these times Dear Father.
            I offer You the Body, Blood, Soul and Divinity of Your dearly beloved Son, in atonement for the sins of the world and for the salvation of all Your children. Amen.”

      Report Post » PaxInVeritate  
    • AreyouseriousReally
      Posted on June 6, 2012 at 2:30pm

      Who is John Galt?

      Report Post »  
    • girlnurse
      Posted on June 6, 2012 at 7:30pm

      “For to me, living means living for Christ, and dying is even better”. Phillippians 1:21
      We can’t lose!
      Come quickly Lord jesus…we’re living in amazing times!

      Report Post » girlnurse  
  • Bolo2811
    Posted on June 6, 2012 at 6:15am

    The Four headed Leopard anyone? The national “symbol” for Germany is the Leopard. The Four heads are the 1st, 2nd, THIRD, and soon to be FOURTH Reich. Only this Reich will have power that Hiltler tried to aquire by force…..namely DEBT.

    Report Post »  
    • starman70
      Posted on June 6, 2012 at 6:58am

      AMEN BROTHER! This is the real opening stanza for the One World Government as predicted in the Bible. Soon, America with the loads of debt we have accrued will fall into place and submit to a One World Authority. The end times are rushing at the world at a blistering pace.

      Report Post »  
    • jblaze
      Posted on June 6, 2012 at 8:43am

      Keep your eyes on Germany. The power it receives through this economic collapse with be the catalyst of world changing events such as this world has never seen before!

      Report Post » jblaze  
  • adeleeeee
    Posted on June 6, 2012 at 5:45am

    WHY? If I were a German, I would cut all the help to other countries and embrace the fact that I lose money by lending money to Greece, Spain, France and Italy… Keep your money and let go, it is time for EU to falling apart.

    Report Post » adeleeeee  
    • Sarge-21
      Posted on June 6, 2012 at 6:16am

      The EU is simply rearranging the deck chairs on the RMS Titanic… The idea of creating bonds for their continued spending is absolutely foolhardy… France just elected a Socialist because he has promised then “less pain” than the fiscal reality being stated by Germany and Austria…

      My prediction is that the European Union will go the way of once Great Britain and become a third world toilet overall in the next 18 months… Europe had better begin worrying about their massive influx of illegal alien Muslims or be ready for the Allied Powers to once again storm the beaches of Normandy as they did 68 years ago today…

      Report Post »  
    • DonaldH
      Posted on June 6, 2012 at 6:21am

      Ironic that the EU’s original purpose was to compete or, if you will, counter-ballance the giant U.S. economy and for the most part it did. However when you look at what the results you have to ask was it worth it– Considering the EU has gotten us where we are today– a wrecked European economy- a weakened US economy that has done what?– given rise to the Chinese Economy— Job well done, Europeans. Your ego has ruined the western world!!!

      Report Post » DonaldH  
  • PaxInVeritate
    Posted on June 6, 2012 at 5:27am

    Hmmm… There’s that pesky book which mentions a beast with horns. Question is, which will it be to get cut off first, Greece or France? Signs, wonders and rumors keep rollin‘ on in don’t they?

    Report Post » PaxInVeritate  
  • greerk65
    Posted on June 6, 2012 at 5:27am

    Germany takes over in europe, if they want a dictator we’ll send them Obama when he loses in November

    Report Post »  
    • RepubliCorp
      Posted on June 6, 2012 at 6:40am

      I have friend in Germany, they think Obama is a dummy.

      Report Post » RepubliCorp  
    • soybomb315
      Posted on June 6, 2012 at 8:05am

      yea, at least the socialists in europe actually know what they are doing

      Report Post » soybomb315  
    • 3monkeysmomma
      Posted on June 6, 2012 at 9:30am

      Send them Bush, too!
      Remember we started this bailout nonsense when he was president.
      If we had done absolutely NOTHING, we would have been so much better off.

      Report Post » 3monkeysmomma  
  • TODTorg
    Posted on June 6, 2012 at 5:04am

    The price for Germany stepping up to save the EU should be the returnof ALL lands stolen from Germany after the end of the FIRST WORLD WAR !

    Right the wrongs of the Treaty of Versailles!!!

    Report Post »  
    • Sarge-21
      Posted on June 6, 2012 at 6:27am

      Maybe the liquidation of the 50 million killed during Germany’s war led by Heir Hitler from 1939-1945 is payment enough for the Versailles Treaty debacle…???

      Report Post »  
    • Vic Tory
      Posted on June 6, 2012 at 6:49am

      There were no wrongs. You start a war, you lose a war, you get taken to the cleaners. End of story.

      Report Post » Vic Tory  
    • Mil-Dot
      Posted on June 6, 2012 at 7:39am

      Many Americans, especially older folks always yap about how evil Hitler and Germany was. Have you guys taken a look at the US govt in the past 30 years or so? They are no better. They have just been more successful at keeping their evil doings a secret.

      Report Post »  
  • Diane TX
    Posted on June 6, 2012 at 4:57am

    If I were Germany, I would tell all the other Countries – I’m out of here, and you’re on your own.

    Report Post »  
    • Gonzo
      Posted on June 6, 2012 at 8:31am

      Why? They are about to accomplish what two world wars couldn’t…permanent control of Europe. They didn’t even have to fire a shot this time.

      Report Post » Gonzo  
  • NOBALONEY
    Posted on June 6, 2012 at 4:57am

    The “collective” bubble.

    Report Post » NOBALONEY  
  • chicago76
    Posted on June 6, 2012 at 4:42am

    The Bankrupt European countries will give up their sovereignty for nothing. Germany will order austerity through this new system and the governments will have to comply or you may see German troops move into their capital. That is why Germany wants expanded enforcement powers also. Do I see Germany taking over Europe using this Union as the driving force? Yes. We won WWII and now 68 years later Europe is voluntarily giving up to Germany. Tell me again why we fought WWII and spent all those years protecting Europe from Russia.

    Report Post »  
    • Sarge-21
      Posted on June 6, 2012 at 6:23am

      If this were the case – the Germans will have their hands full defending their new kingdom against the Muslim hoards that are already in Europe…

      Report Post »  
    • johnpaulkuchtajr
      Posted on June 6, 2012 at 6:56am

      Hey Sarge 21,

      I wouldn’t be too concerned about Germany defending her debt-induced territorial gains, if that happens.

      Give German Generals their head and tell them “I want that crowd of rioters dispersed.” Stand back and be amazed! Old traditions die hard.

      Report Post »  
    • Jezcruzen
      Posted on June 6, 2012 at 8:00am

      The Hun has always been militaristic and aggressive. Just ask the Romans. As someone with the blood of the Hun from both sides of my family all I can say is I would rather fall under the rule of Germany than those barbaric islamic savages now infesting all of Europe! Only Germany might have the will to throw the muslim out.

      Report Post »  
  • GETLIFE
    Posted on June 6, 2012 at 4:27am

    Thanks for the translation! “Eurobonds = collective debt proposal”
    In France they’ve already gone one further. The eurobond idea is now simply called “croissance” or “growth.“ The French media is running around explaining how Hollande is putting ”growth” on the table with Merkel, or how Hollande must insist on “growth” in his negotiations with Merkel. What a joke!

    “Eurobond” is already a bad word in France. Hollande was ridiculed for it. (He was elected to keep the socialist goodies coming on to those who have their heads in the sand. Even to his electors, everything else about him is embarrassing.)

    Report Post » GETLIFE  
    • spikebu
      Posted on June 6, 2012 at 5:16am

      So, France can achieve growth by sucking Germany dry. Then Germany will have to suck off somebody else. Hmmm. I wonder who?

      Report Post »  
  • nzkiwi
    Posted on June 6, 2012 at 4:13am

    Here is a good link that explains international banking and debt as it relates to the USA, Greece and other countries. A complex subject boiled down to its basics by a guy in the business. It should be required viewing for all sovereign leaders, because after you watch it, everything will be obvious (except the solution, unhappily). Also a couple of brief pointers on how to protect your money, depending on what happens.

    It’s about half an hour long so you might want to bookmark it, and kick the kids outside because you do need to concentrate a little bit.

    http://www.youtube.com/watch?v=LKsZ1hqHBHU&feature=related

    Report Post »  
  • Apple Bite
    Posted on June 6, 2012 at 4:13am

    Rest assured, Merkel knows her back is against the wall as well. The Germans aren’t very happy right now as it is, and that, is as sure sign of bad things to come if she can’t pull a rabbit out of her hat…and it better be a drunken rich one. I’m hoping she does.

    You guys do know she’s pro-austerity, right? The EU is pressed for help, the chance to break up the Socialist Euro Orgy lays at her feet.

    https://twitter.com/Nigel_Farage/statuses/208170554459561984

    Report Post » Apple Bite  
  • mauijonny
    Posted on June 6, 2012 at 4:09am

    In a lot of ways, this is worse than WWII – more insidious and no way to take it on directly with any kind of difinative defeat at hand – you can’t bomb the crap out of Keyensian economics then go in and set up a Marshall Plan. That’s the problem with hard ideologies – you have to wait for them to cross a shocking line. Even then, it might not matter – we waited until Japan bombed Pearl. Maybe Lehman Bros was this wars Pearl and we’re just not sophisticated enough yet to recognize it…? I dunno, just thinking out-loud.

    Report Post » mauijonny  
  • RaydocX
    Posted on June 6, 2012 at 3:39am

    We won the cold war by making the user spend itself insolvent.
    Sadly, we didn’t learn from our own history.
    So the real question is who profits from the demise of the civilized democratic world?
    I hear lots of insistence that china will be hurt too… Thing is, the people in charge their treat their people as a commodity they are willing to sacrifice.

    Nancy p, Christie m, the ayers, Jeremiah wright, petty d, bho, and all the 47% who think money is free and/ or socialism is their path to power will learn too late they were played for–patsies in the destruction of real freedom

    Report Post » RaydocX  
  • TeaPartyForRomney
    Posted on June 6, 2012 at 3:37am

    As Palin said last night, the Wisconsin election last night shows that Americans understand austerity is a great thing: http://www.thedailycandidate.com/video/2012/june/palin_obama_away.html

    Report Post »  
  • LKYPRL
    Posted on June 6, 2012 at 3:33am

    Germany/Merkel as Daddy Warbucks get to annex 16 other countries, all in one fell-swoop………Napolian, Franco and Hitler would be so proud!

    Report Post » LKYPRL  
    • love the kids
      Posted on June 6, 2012 at 3:49am

      You say that like it‘s Germany’s fault and greed, but they COULD NOT be in that position if the other countries controlled themselves in the first place. What you are doing is blaming the person who bought the car at an auction after the car was repossessed. That is Liberal Logic.

      Report Post »  
    • chicago76
      Posted on June 6, 2012 at 4:53am

      You are correct. The socialists always want to go bigger. The Germans will take over Europe through this. The socialists are willing to give up anything and everything to keep the spigot flowing. Giving up their rights to self governance to a giant unelected bureaucracy is the ultimate act of socialism. The next step is communism or facism and the next step is totalitarianism.

      Report Post »  
  • rsanchez1
    Posted on June 6, 2012 at 3:28am

    What Kaiser Wilhelm and Hitler couldn’t accomplish through war, Merkel will accomplish through sheer economic dominance.

    Hey Germany, when we offered to pick up the pieces after you ruined Europe with WWII, we didn’t demand that you give up sovereignty. You know who did demand it? The communist reds in the Kremlin who took over East Germany.

    Report Post »  
  • Micmac
    Posted on June 6, 2012 at 3:12am

    This was all predicted when the Euro was instituted…by the ones who instituted it. It won’t happen. They will try but it won’t. Sovereignty will not be breached. This is a great example of government by Technocrats. The real question IMHO is what will Greece do and if they leave the EU, what are the ramifications for both Greece and the EU. The German populus wants Germany to back off.

    NoBama 2012

    Report Post »  
  • sasquatch08
    Posted on June 6, 2012 at 3:09am

    The Euro is falling apart. It’s really that simple. The math provides the answer and it is inevitable. Either Europe changes its ways, or it goes bankrupt.

    “But perhaps Hollande’s “collective debt” proposal has presented Germany, the 17-nation’s most stable and wealthiest country, with an opportunity.”

    Yeah. Leave the Euro while you can! To quote Admiral Ackbar (Star Wars) when it comes to any other proposals where Germany pays others debts “It’s a trap!”

    Report Post »  
  • Mutiny
    Posted on June 6, 2012 at 3:06am

    This whole thing is about to go really bad. Stock up on food, water, supplies, guns, and bullets. Find a safe place with good people to be with because we will be hit the hardest of them all. Americans are used to highspeed internet, 3 meals a day, summer vacations, sporting events, and air conditioning. Most other countries will not even notice, while we are murdering, raping, and looting each other.

    Report Post » Mutiny  
    • JarheadX
      Posted on June 6, 2012 at 7:41am

      Yoy’re absolutely right. Even my best friend (101st Airborne) has decided to basically give up. The concept of prepping for any emergency while juggling a state job, blackout drunk wife, and video addicted, self absorbed son is too much. He‘s decided to come hang with me if there’s a problem.

      Report Post » JarheadX  
  • lrb14
    Posted on June 6, 2012 at 3:00am

    “Collective debt”? Keynsian policies? Can we just stop with the nonsense and call it socialism. Unbelievable! I thought we fought and won the cold war, but European socialism, centralized government is about to happen.

    Report Post »  
    • chicago76
      Posted on June 6, 2012 at 5:01am

      Let’s see. They want an unelected group of bureaucrats to rule Europe. What shall we call this new type of government? I think it should be called a dictatorship, because someone will have to make the decisions that a group cannot make.

      Report Post »  
    • Red Bubba
      Posted on June 6, 2012 at 7:33am

      Keynes did not hide the fact that he was a fabian socialist. This whole scenario was laid out in The Creature from Jekyll Island, now in its 5th edition and full of curernt events.

      Report Post » Red Bubba  
    • 3monkeysmomma
      Posted on June 6, 2012 at 1:43pm

      @Red Bubba

      reading it now…can’t put it down.

      Report Post » 3monkeysmomma  
  • nzkiwi
    Posted on June 6, 2012 at 2:56am

    Hey, why not elect a dictator while you’re at it. It will save time.

    Report Post »  
    • lrb14
      Posted on June 6, 2012 at 3:04am

      I am totally amazed that this is about to happen. Its so sad in many ways.

      Report Post »  
    • AmazingGrace8
      Posted on June 6, 2012 at 10:10am

      @nzk

      I chuckled and then reality hit…why not “cut-to-the-chase”. Sad.

      @lrb

      Hmmm….mysteries and secrets revealed = the Bible

      Good Morning America….how are ya?

      Report Post »  
  • Thatsitivehadenough
    Posted on June 6, 2012 at 2:52am

    Everything is going in the direction that they (Germany & France, and the closed EURO community) want it to.

    Report Post » Thatsitivehadenough  
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