The Germans are accused of exhibiting a generally negative attitude that prevents the planning of strategies for the public – all member states – good.
By Chrysostomos Tsoufis
The Solz government’s Deutschland Uber ales with the 200 billion subsidy package. euro tests the endurance of European solidarity.
One after another, European leaders – of all political stripes – accuse Berlin of short-sighted policy as it entrenches itself within its borders with its air fiscal supremacy.
And as long as the Germans use excuses like “it’s a misunderstanding, the package is not that big”, like the one German Finance Minister Christian Lindner made at the Eurogroup, so much frustration and anger flare up.
“Some do not feel the urgency of the situation and insist on policies that lead Europe on an unsustainable trajectory” was the “nail” of the Belgian Prime Minister De Croes.
“Faced with such serious common risks, it is not possible to separate ourselves according to the space each state has in its budget,” wrote Mario Draghi. “Cannibalism in Europe has begun,” declared the Hungarian Prime Minister Viktor Orban.
The bad thing is that the Germans don’t just stop at taking support measures in favor of their citizens, after all this is not reprehensible. On the contrary.
They are accused of exhibiting a generally negative attitude that prevents the planning of strategies for the public good – of all member states. “No” to the ceiling on the price of natural gas, “no” to the joint issuance of debt, “no” to the loosening of the fiscal straitjacket so that the rest can take more support measures.
In this climate, the chances are increasing that another summit – the one in Prague – will pass without result and while the protests are growing and becoming more numerous.
In Italy they are burning their electricity bills, in England the “I don’t pay” movement is strengthening, in Germany even middle-class citizens with incomes above €3,500 are declaring that they are not “going out” but will… take to the streets.
At least the good weather, but also the fact that European warehouses are almost full, have pushed natural gas prices down to €169/Mwh which is the lowest since July 22.
On the contrary, however, oil is starting to “sting” (+6$ from 85 to 91) from Friday in the shadow of concerns of a recessionary winter and also of thoughts in the ranks of OPEC – which is meeting today – to reduce production.
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I have worked in the news industry for over 10 years and have been an author at News Bulletin 247 for the past 5 years. I mostly cover technology news and enjoy writing about the latest gadgets and devices. I am also a huge fan of music and enjoy attending live concerts whenever possible.
