Thursday, June 28, 2012
Angela "Frau Fritz" Merkel and the EU summitKlaus Stuttmann in a 28.06.2012 cartoon shows German Chancellor Angela Merkel as "Old Fritz", aka, Frederick the Great.
This is the original Old Fritz:
Charles Hawley takes a stab at guessing Angie's intent in taking such a public hard line going into the current EU summit Euro Crisis Summit: What Merkel Really Wants from Europe Spiegel International 06/28/2012:
Still, something has changed in the Chancellery. Merkel's message has become shriller and more urgent as demands from Southern Europe for shared debt have become louder. The reason is not difficult to divine: From Merkel's perspective, the narrative of impending disaster threatens to hijack the debate.Yes, Angie, impending disaster has a way make people want to stop doing self-destructive things.
Well, some people, anyway, probably not you, Frau Fritz.
Merkel's conviction that only fundamental reform efforts -- concrete steps toward the political union which the original architects of the common currency failed to put in place -- can save the euro in the long run informed her Wednesday assault against the plan presented earlier this week by the so-called Gang of Four. European Council President Herman Van Rompuy, European Commission President Jose Manuel Barroso, Euro Group President Jean-Claude Juncker and European Central Bank President Mario Draghi worked out a possible plan to pull the euro back from the brink.For Angie, phrases like "fighting the causes of the crisis" mean austerity, more austerity and even more austerity.
And Hawley cluelessly thinks that's fine and dandy:
With the flaws of the euro zone now exposed for all to see, Merkel appears to be on the verge of achieving a giant step toward her European dream. The euro-zone's debt-stricken nations have almost all pushed through far-reaching political and labor market reforms. Just on Wednesday, Italian Prime Minister Mario Monti managed to pass the final legislative piece of a package of measures aimed at liberalizing Italy's labor market and creating jobs. He has also installed significant austerity measures and raised taxes, paths that Portugal, Greece and Ireland have all undertaken. Spain is in the process of examining badly needed reforms of its financial system. Of course, many argue that the economies of many of those countries are also suffering as a result of the strict austerity measures Merkel has promoted.Yes, if History wants to deep-six the euro and plow under the European Union, Frau Fritz is a regular Hegelian world-historical leader, even one motivated by "idealism", as the admiring Hawley puts it.
Otherwise, she's just the Angienator.
Tags: angela merkel, austerity economics, eu, euro, european union
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No subject for immortal verse
That we who lived by honest dreams
Defend the bad against the worse."
-- Cecil Day-Lewis from Where Are The War Poets?
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