Just Merveilleux

Life at № 42

Why Angela Merkel Is Wrong On Greece

An outstanding article by German philosopher Jürgen Habermas:

“…Because the federal German Chancellor opted as early as May 2010 to treat investor interests as more important than a haircut in restoring the Greek economy to health, we’re stuck in a crisis once more. This time it’s the hole left by another institutional deficit that emerges.”

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6 comments on “Why Angela Merkel Is Wrong On Greece

  1. acflory
    June 28, 2015

    Hmm…I admit I didn’t understand much of what I just read, but isn’t the EU meant to be like a commonwealth of sorts? Member states having power in their own areas and then a central, national/eurowide government in Brussels? Or is that the point, that there /isn’t/ a central, eurowide government at all???

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    • Mr. Merveilleux
      June 28, 2015

      That’s the point; because there isn’t, there’s a free for all of each country trying to appease its ruling class. Mrs. Merkel wants to make sure German investors get the best deal possible even if they did exploit the Greek crisis. The same is true of other economically powerful EU countries.

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      • acflory
        June 29, 2015

        Ah, the penny just dropped. Here the representatives of the Federal Government are elected from all the states and municipalities…by the voters. They are not just whoever happens to be the Premier of a given state or municipality. So in our system, Angela Merkel would only have power within Germany itself. Other German representatives would be charged with helping to oversee the whole of the EU.

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      • Mr. Merveilleux
        June 29, 2015

        In a nutshell: At the moment the deal in the Eurozone is whichever countries have the money, have the power. Germany is number one and France is number two. So they exercise inordinate power over everyone else. The markets want austerity because that translates to cheap labour and incredible reductions of worker’s rights. That means high dividends (profits) for the ‘owner’ class across the board- at the expense of the people at the bottom. Germany supports that position.

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      • acflory
        June 29, 2015

        Gah. 😦 And people are putting up with this because…? I can understand now why so many want to quit the EU.

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      • acflory
        June 29, 2015

        And all the other countries are staying put because they hope to become one of the powerful ones? Sounds like a pyramid scheme. :/

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This entry was posted on June 28, 2015 by in Uncategorized and tagged , , , , .
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