“America should bail out the Euro”, say europhiles
Posted on January 1, 2011In 1972, German Chancellor Willi Brandt announced a gesture of thanks from the German people to the USA for the Marshall Plan reconstruction funds provided over the previous 25 years. He gave 150 million Deutschmarks to establish the German Marshall Fund of the United States, a think tank and grant-giving body to encourage discussion and understanding between Europe and the US.
The tone of the Fund was set from its birth – in effect, Brandt was giving the US bak some of their own money to be used on his terms. Since then it’s been a voice for Eurofederalism for the last 38 years.
Now, though, the German Marshall Fund has perhaps pushed things too far.They are too smart to pretend that the Euro is safe and solid, and their proposed solution is that the USA should bail the single currency out.
If German taxpayers are furious about bailing out Ireland and Greece, can you imagine how their American equivalents would respond to the idea of bailing out this failed project? It will go down like a lead balloon.
The Americans are getting a taste of a classic EU approach: they will take your money hand over fist, sweeten you up with a generous “gift” of a slice of your own cash, and only later will you find out that this money has in fact been given to try to get more cash out of you. I somehow doubt they will put up with as patiently (and foolishly) as we have.
Tags: Bailouts, EU, Euro, Germand Marshall Fund, opinion, Politics, public spending, Socialism, USA
Categories: Opinion, Politics, Public spending
Well…
I supose it would be better if the Yanks were to do it than what is actually happening.
http://www.globalpost.com/dispatch/china-and-its-neighbors/110106/china-european-economy-debt-eurozone-crisis
I mean seriously, do you want the Chinese told hold European debt? Think about the long term strategic aspect of this.
06.01.2011 16:55
[...] Mark Wallace is getting a little hot under the collar that a Europhile think tank is suggesting that the US help bail out the Eurozone. Admittedly he is right that their plaintive cries may not recive a popular hearing in the states, but I suspect he should be looking elsewhere for his money.China is where. Chinese premier Wen Jiabao is wandering around the Continent spraying currency into various bottomless pits,China has been increasing its holdings of EU government debt since the outbreak of the crisis. In a statement released Thursday, Chinese Vice Commerce Minister Gao Hucheng, who is accompanying Li, said, "China maintains confidence in European and Spanish financial markets and believes they will overcome the current crisis."and there are some sensible economic reasons for this. But there are also deeper political reasons.But there is a political price to pay. Recently, Wen Jiabao called on European leaders not "pressure China on the yuan's appreciation." China's help provides it with traction on that issue, and can help drive a wedge between the US and Europe.Sunno about you Mark but this rather concerns me.China as Eberhard Sandschneider, analyst at the research institute the German Council on Foreign Relations (DGAP), points out, is interested mainly in "stability across the world, in almost all areas – concerning its own domestic stability, but also concerning regional, international and financial stability",And stability sounds great. But of course stability requires a reduction in freedom. Nothing so stable as a dictatorship with all the military power in its own hands. Nothing so stable as a situation where democracy ceases to have meaning, and people cannot remove their government. Stability is momentary in this world of ours, and like the earths crust, whilst it can be achieved, what comes after registers on the Richter scale.More .. Forget the scooter Mark, there is a juggernaut in the roomSource by: Vinabrand News Express Tags: wen jiabao « PreviousNo Judge Teare, he is not a "decent man" Next »The big politics behind the CAP deal [...]
21.04.2012 15:29