Best of the Week
Most Popular
1. Will Gold Price Breakout? 3 Things to Watch… - Jordan_Roy_Byrne
2.China Invades Saudi Oil Realm: PetroDollar Kill - Jim_Willie_CB
3.Bitcoin Price Trend Forecast, Paypal FUD Fake Cryptocurrency Warning - Nadeem_Walayat
4.The Stock Market Trend is Your Friend ’til the Very End - Rambus_Chartology
5.This Isn’t Your Grandfather’s (1960s) Inflation Scare - F_F_Wiley
6.GDX Gold Mining Stocks Fundamentals - Zeal_LLC
7.US Housing Real Estate Market and Banking Pressures Are Building - Chris_Vermeulen
8.Return of Stock Market Volatility Amidst Political Chaos and Uncertain Economy - Buildadv
9.Can Bitcoin Price Rally Continue After Paypal Fake FUD Attack? - Nadeem_Walayat
10.Warning Economic Implosion on the Horizon - Chris_Vermeulen
Last 7 days
Land Rover Discovery Sport Rattling / Knocking Sounds From Car Pillars - 25th Apr 18
China Takes the Long View on Gold-Silver... and So Should You - 25th Apr 18
Russia Buys 300,000 Ounces Of Gold In March – Nears 2,000 Tons In Gold Reserves - 24th Apr 18
Stock Market Study Shows Why You Shouldn’t “Sell in May and Go Away” - 24th Apr 18
CRYPTOCURRENCY MASTERCLASS #CRY90 - 24th Apr 18
UK Gambling Statistics - What the Numbers Say - 24th Apr 18
Chaos Capitalists Short Countries - How Chanos Got China Wrong - 24th Apr
Artificial Intelligence Defines the Political News Narrative - 24th Apr 18
Stock Market "Oops, They Did It Again" - 24th Apr 18
Fox in the Henhouse: Why Interest Rates Are Rising - 23rd Apr 18
Stocks and Bonds, This is Not a Market - 23rd Apr 18
Happy Anniversary Silver Investors! - 23rd Apr 18
The Hottest Commodity Play In 2018 - 23rd Apr 18
Stock Market Correction Turns Consolidation - 23rd Apr 18
Silver Squeeze, Gold Fails & GDX Breadth - 23rd Apr 18
US Economy Is Cooked, the Growth Cycle has Peaked - 23rd Apr 18
Inflation, With a Shelf Life - 23rd Apr 18 - Gary_Tanashian
Stock Market Predictive Modeling Is Calling For A Continued Rally - 22nd Apr 18
SWEATCOIN - Get PAID to WALK! Incentive to Burn Fat and Lose Weight - Review - 22nd Apr 18
Sheffield Local Elections 2018 Forecast Results - 22nd Apr 18
How Long Does it take for a 10%+ Stock Market Correction to Make New Highs - 21st Apr 18
Sheffield Ruling Labour Party Could Lose 10 Council Seats at May Local Elections - 21st Apr 18
Crude Oil Price Trend Forecast - Saudi Arabia $80 ARAMCO Stock IPO Target - 21st Apr 18
Gold Price Nearing Bull Market Breakout, Stocks to Follow - 20th Apr 18
What’s Bitcoin Really Worth? - 20th Apr 18
Stock Market May "Let Go" - 20th Apr 18
Overwhelming Evidence Against Near Stock Market Grand Supercycle Top - 20th Apr 18
Crude Oil Price Trend Forecast - Saudi's Want $100 for ARAMCO Stock IPO - 20th Apr 18
The Incredible Silver Trade – What You Need to Know - 20th Apr 18
Is War "Hell" for the Stock Market? - 19th Apr 18
Palladium Bullion Surges 17% In 9 Days On Russian Supply Concerns - 19th Apr 18
Breadth Study Suggests that Stock Market Bottom is Already In - 19th Apr 18
Allegory Regarding Investment Decisions Made On Basis Of Government’s Income Statement, Balance Sheet - 19th Apr 18
Gold – A Unique Repeat of the 2007 and How to Profit - 19th Apr 18
Abbeydale Park Rise Cherry Tree's in Blossom - Sheffield Street Tree Protests - 19th Apr 18
The Stock Market “Turn of the Month Effect” Exists in 11 of 11 Countries - 18th Apr 18
Winter is Coming - Coming Storms Will Bring Out the Best and Worst in Humanity - 18th Apr 18
What Does it Take to Create Living Wage Jobs? - 18th Apr 18
Gold and Silver Buy Signals - 18th Apr 18
WINTER IS COMING - The Ongoing Fourth Turning Crisis Part2 - 18th Apr 18
A Stock Market Rally on Low Volume is NOT Bearish - 17th Apr 18
Three Gold Charts, One Big Gold Stocks Opportunity - 17th Apr 18
Crude Oil Price As Bullish as it Seems? - 17th Apr 18
A Good Time to Buy Facebook? - 17th Apr 18
THE Financial Crisis Acronym of 2008 is Sounding Another Alarm - 16th Apr 18
Bombs, Missiles and War – What to Expect Next from the Stock Market - 16th Apr 18
Global Debt Bubble Hits New All Time High – One Quadrillion Reasons To Buy Gold - 16th Apr 18
Will Bitcoin Ever Recover? - 16th Apr 18
Stock Market Futures Bounce, But Stopped at Trendline - 16th Apr 18
How To Profit As Oil Prices Explode - 16th Apr 18
Junior Mining Stocks are Close to Breaking Downtrend - 16th Apr 18
Look Inside a Caravan at UK Holiday Park for Summer 2018 - Hoseasons Cayton Bay Sea Side - 16th Apr 18
Stock Market More Weakness? How Much? - 15th Apr 18
Time for the Gold Bulls to Show their Mettle - 15th Apr 18
Trading Markets Amid Sound of Wars - 15th Apr 18
Sugar Commodity Buying Levels Analysis - 14th Apr 18
The Oil Trade May Be Coming Alive - 14th Apr 18

Market Oracle FREE Newsletter

Trading Lessons

Euro Crisis - It’s Time for Angela Merkel to Stand Up

Politics / Eurozone Debt Crisis Mar 17, 2015 - 07:25 AM GMT

By: Raul_I_Meijer

Politics

I need to start of off the bat with an update to this piece, which I started writing yesterday, since I now know that Angela Merkel actually did invite Alexis Tsipras on Monday. It only took her two months…. But that doesn’t take away anything from my point that Merkel has been sorely lacking and missing, it just goes to prove that point.


And if she doesn’t get her act together very quickly (why not ask Tsipras to be in Berlin tomorrow morning?!), this will, I’ve said it before, go down as her main legacy. She will be known as the person who let Europe slip into war, for no good reason whatsoever. Here’s what I started off with last night (Oz time):

The increasing ugliness of the ‘negotiations’ between the Greek Syriza government and the rest of the eurozone, which is ruled by the German government, needs to be halted and put in reverse. There is an urgent need for a detente, for cooler heads and for trust. And there is only one person who can act to create these things: Angela Merkel. But Merkel is nowhere to be found or seen.

The increasing ugliness of the propaganda war the west is waging against Russia and its president Vladimir Putin, also needs to be halted. There is an even more urgent need there for a detente, for cooler heads and for trust. There is only one person who can act to create these things: Angela Merkel. But Merkel is AWOL.

There are German voices in the Putin case that call for reason and quiet, and that have labeled people like NATO head Stoltenberg, NATO General Breedlove and US State Department ‘Assistant’ Victoria Nuland more or less insane. But Merkel’s voice is not among them, nowhere to be heard.

German Finance Minister Wolfgang Schäuble was born in 1942. That means he was alive when German troops committed the worst of their war crimes and atrocities on Greek soil, and on Greek people, which the Syriza government says it wants to receive war reparations for. But Schäuble high-handedly poo-poohs these demands, claiming everything has been settled decades ago. As if he were talking about things that happened 1000 years ago or more.

They did not, Mr. Schäuble, they happened during your lifetime, and no level of high-handedness, not one level of it, is appropriate here on your part. The only appropriate reaction is humbleness and the highest level of respect you are capable of. Whether there’s a legal issue is something for legal experts to decide, but until then, you have no right to poo-pooh anything.

Besides, you’re a finance minister, and this is not a finance issue, it’s far too sensitive to be regarded as such. The only person who should indeed address it is your boss, Angela Merkel. But no-one’s seen her around.

Merkel should have told Schäuble weeks ago to keep his trap shut, but she has instead allowed him to antagonize Athens even more. And blame the Greeks for that.

It may already be too late when it comes to the Ukraine issue. Angela should have intervened a long time ago. She did not. She suddenly turned her back on her friend Vladimir, for reasons she never explained, and allowed US and NATO hotheads to completely take over European politics. Never a good idea, for obvious reasons.

And now she may be stuck with the consequences: a war on her doorstep. Which, in reality, has of course already started. 6000 Ukrainians are gone, millions have been forced to leave their homes. Angela Merkel could have prevented most of this from happening. Blood on your hands, girl.

She let Schäuble get out of hand with his hugely out of place and out of whack comments on Greece’s financial situation, on Varoufakis and on the crimes perpetrated by his parents’ generation in not just Greece, but certainly also in Greece. Comments not befitting the European Union’s de facto political and economical leader. And that has left space for extremists to come in and take the lead over from Merkel.

Likewise, she’s let Breedlove and Nuland take the lead in the Ukraine issue, while she could have easily defused it, leading to a situation where Putin this weekend made it a point to say that he felt so strongly about Crimea, he would have been ready to alert his nuclear capacity. That the western press chooses to put that fact in entirely different, and far more threatening terms, was and is only to be expected, for Angela as much as for you and me.

The most powerful woman in the world had better stand up now, or it will be too late in both instances.

Greece will be forced into a Grexit or Grexident, neither of which EU leaders have anywhere near the grip on that they try to convince us they have; more countries will leave after Greece, and financial markets will start betting on just that.

And the US and NATO will force Ukraine into a full blown war theater, something Merkel should never ever want to her immediate eastern flank, and something that was always entirely preventable is she had put her foot down.

Is Angela going to be the umpteenth tragic lady with a tragic footprint in history, or will she wake up in the nick of time, stand up, and say: no more of this?! We’ll soon know.

(posted from Melbourne Tullamarine Airport)

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)© 2015 Copyright Raul I Meijer - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Raul Ilargi Meijer Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules