German Chancellor Angela Merkel signed off on a deal with the devil (Turkey) that would give 80 million Turkish Muslims visa-free access to the EU. As part of the deal, Turkey will receive €3 billion in aid.

In return, Turkey agreed to halt the flow of refugees pouring into Greece.

Turkey did stop the flow of refugees into Greece, and now the devil wants his due.

"Growing Panic"

The Financial Times reports EU States Grow Wary as Turkey Presses for Action on Visas Pledge.

Devil Chimes In

"They cannot and should not change the rules of the game...We expect them to stick to what was agreed, otherwise how can we continue to trust the EU? We delivered on our side of the bargain. Now it is their turn," said the devil's spokesperson, Selim Yenel, Turkey's ambassador to the EU.

Supposedly it now takes a "a political smokescreen" to muster support in the Bundestag and European Parliament, which must also vote on the measures.

In other words, Merkel signed off on a deal that was not hers to make.

The devil himself chimed in.

"The EU needs Turkey more than Turkey needs the EU," President Recep Tayyip Erdogan said recently.

EU Unhappiness

Brussels is unhappy with the way Turkey has passed data protection laws and has issues with some of its terrorism legislation impinging on minority rights.

EU officials have in the past blamed Ankara's liberal visa policy -- and even the plethora of destinations offered by Turkish Airlines -- for making it too easy for people to risk the trip to Europe via Turkey. At the same time, Brussels is also demanding that Turkey give visa-free access to all EU citizens.

In regards to the above EU unhappiness, a lawyer representing the devil emailed me today stating "Where does the deal specify data protection and minority rights? Please show me the clause."

The devil ended his email to Mish with this line "When did I promise happiness?"

Deal History

March 7: Devil Demands and Receives More Concessions from Merkel: In Bed with a Dictator
March 8: Needs of the "One"; Merkel's Backstabbing; Devil Cheers
March 9: EU leaders Recoil from Merkel's Deal With the Devil
March 15: Tusk Blasts Merkel Citing "Animal Farm", Seeks to "Rebalance" Refugee Deal
April 20: Devil demands his due, stating "It's too late to rebalance signed deal".
Unknown Future Date: I saw Satan laughing with delight the day the EU died.

By Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Click Here To Scroll Thru My Recent Post List

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management . Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Visit Sitka Pacific's Account Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific.

I do weekly podcasts every Thursday on HoweStreet and a brief 7 minute segment on Saturday on CKNW AM 980 in Vancouver.

When not writing about stocks or the economy I spends a great deal of time on photography and in the garden. I have over 80 magazine and book cover credits. Some of my Wisconsin and gardening images can be seen at MichaelShedlock.com .

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.

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