Wednesday, June 13, 2012
Joschka Fischer shocks German conservatives by telling the truth about Angela MerkelFacing a real possibility of a near-term collapse of the eurozone and probably of the European Union as a result of her obsessive austerity policies, German Chancellor Angela Merkel is starting to sound helpless to do anything but continue on the same destructive path.
Patrick Donahue reported last week for Bloomberg News in Pressure Builds On Merkel As Spain Calls For Bank Aid 06/04/2012, just before the latest clunker of a Spanish bank rescue plan was announced:
As markets brace for further deterioration in Spain’s finance sector and a possible Greek departure from the 17-member euro area, the Canadian government said that finance ministers and central bank governors from the Group of Seven countries will hold a conference call tomorrow to discuss the European debt crisis.If Angie is really thinking in terms of "a process of European integration lasting 'many years'" before she would even agree to eurobonds, which are a necessary element of solving the current crisis, and necessary this summer, I'd say she's lost without any good idea of how to move forward any any other way but austerity, austerity, austerity.
Former Foreign Minister Joschka Fischer writes about The Threat of German Amnesia 05/25/2012 Project Syndicate, German version Europa am Abgrund. Though it's dated May 25, it's interesting to see that it didn't cause much of a stir until the 04.06.2012 Süddeutsche Zeitung published it under the online title of Europa steht in Flammen (Europe Is In Flames).
Now we've got the Financial Times Deutschland reporting that Fischer criticized Angie hard and almost called her a Nazi! (Peter Ehrlich, Harte Kritik an Merkel. Joschka Fischers ultimativer Beinahe-Nazi-Vergleich 04.06.2012) Fischer didn't almost call her a Nazi. What he does do in that piece is recall the highly relevant and important lesson that German Chancellor Heinrich Brüning, who served in that role from 1930-32 and applied Angie-like austerity policies to that depression. More precisely, he says:
The recent elections in France and Greece, together with local elections in Italy and continuing unrest in Spain and Ireland, have shown that the public has lost faith in the strict austerity forced upon them by Germany. Merkel’s kill-to-cure remedy has run up against reality – and democracy.The consequence of continued depression and high unemployment didn't have the happiest aftermath in Germany. I thought until this current depression hit that it was generally understood that depressions allowed that drag on for a long time are potentially hazardous to democracy altogether. But it apparently isn't.
The part about which Ehrlich mainly complains, though, is Fischer's also-sensible conclusion:
Do we Germans understand our pan-European responsibility? It certainly does not look that way. Indeed, rarely has Germany been as isolated as it is now. Hardly anyone understands our dogmatic austerity policy, which goes against all experience, and we are considered largely off-course, if not heading into oncoming traffic. It is still not too late to change direction, but now we have only days and weeks, perhaps months, rather than years.Elsewhere at the Süddeutsche Zeitung website, commentator Heribert Prantl seems to be having an American-style pearl-clutching hissy fit:
Für die Schärfe dieser Kritik gibt es keinen Vergleich. Noch kein früherer Außenminister hat mit der Politik der Nachfolgeregierung so zornig und drastisch, so furios und brutal, so besorgt und alarmiert abgerechnet. Joschka Fischer wirft der Kanzlerin vor, sie lösche den Brand Europas mit Kerosin.Lawdy, Miss Mellie, bring me the smellin' salts! Honey, I'm about to just faint dead away! That ruffian criticized the Chancellor! Why, that's just not done in polite society!!
I guess Herr Prantl just slept through all those stories over the last, oh, 40 years or so about Fischer's one-time role as a street-fighting militant in Frankfurt. But please don't anyone tell him that. The poor man's likely to have a heart attack on the spot.
Prantl in that piece doesn't offer much in the way of solutions to the euro crisis, only vague platitudes about the need for Germany to be active and how Angie is a nice lady with good intentions.
Tags: angela merkel, austerity economics, eu, euro, european union, greece, joschka fischer
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Defend the bad against the worse."
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