Pay attention! This is Germany's moment

I never really understood why France, the UK and Germany were so Gung Ho about the EU and Euro (France and Germany). All it did was tie the fate of already pretty bad economies (Southern Europe ect) to the real economic powerhouses of the Continent. I find it comical that anybody thought that Greece, Spain, Portugal and Italy would somehow be transformed into better economic shape by the Euro. They were semi basket cases before the Euro and never changed course before the @(#* hit the fan.

It was a basic case of the "haves" and "have nots" with the EU....... I don't see how anyone thought it was going to turn our any different than it has. If anything, the Euro basically sealed the fate of the Southern European Economies. It just took a little longer than I thought it would.

I thought the US debt problem was bad, but at least we are only one country. I don't see how the EU survives through the unfolding debt crisis that is only in chapter one or two of a much longer book.

I don't even know if going back to individual currencies will help or hurt things anymore.

Greece’s bailout money is feeding the profits of German armaments manufacturers.

Even as the Greek economy continues its agonizing collapse, with the nation struggling to submit to extreme austerity measures being enforced by its masters in Berlin, the nation’s unelected technocratic government is overseeing a giant fiddle of the books involving the channeling of bailout money into the coffers of Germany’s armaments industry.

Greece lives under a permanent military threat from its huge neighbor on the Anatolian peninsula, Turkey. The Turks taunt their smaller neighbor across the crucial Bosporus sea gate, daily violating Greek airspace with their fighter jets. Tensions are made worse by continuing disputes over Greek sovereignty attached to certain islands in the Aegean. To counter Turkey’s aggression, Greece has spent huge amounts on defense budgets—as much as 4.3 percent of gross domestic product, proportionately the highest among the EU nations.

Who has been the greatest beneficiary of this defense expenditure? The major supplier of defense equipment to Greece: the German armaments industry.

How much have EU elites actually manipulated ongoing Greek-Turkish tensions for the advantage of the European Union’s thriving defense industries? As one Greek source observed: “In this volatile game of geopolitics, the bosses of Euro ‘family’ have always been playing the major role in cultivating and manipulating an unguaranteed stability in the area, thus creating market conditions for their influential military industries to flourish. German defense corporations in particular have been major contractors with the Greek (and Turkish) army for more than two decades” (Antibaro.gr, Nov. 29, 2010).

The facts are that Greece’s coffers have been substantially drained into huge profits for German defense industry barons. This includes multibillion-euro contracts for Greece to purchase big-ticket military hardware ranging from tanks to missiles to naval vessels, including submarines.

“All these sum up to hundreds of billions of euros and, under other circumstances, could have been more than enough to balance the Greek budget deficit and even drastically alleviate the external debt,” that same Greek source observed. “One thing is for sure, those billions were added to the profits of German industrialists, bankers and intermediaries.”

Since that report came to light, the Greek economy has been brought to the brink of catastrophe, with the prospect of inevitable default on its debts being very real by the end of the first quarter of the current year.

The saving grace for Greece may well be the degree of influence that German defense industry corporate elites and their bankers have in terms of convincing the International Monetary Fund and the European Central Bank to cough up another tranche of euros in their interests. An unnamed source is quoted by German newspaper Zeit Online as observing that “If Greece gets paid in March the next tranche of funding (€80 billion is expected), there is a real opportunity to conclude new arms contracts” (January 5).

Zero Hedge reports that, “after the Portuguese (another obviously stressed nation), the Greeks are the largest buyers of German war weapons.” The same source contrasts this huge expenditure by Greece on armaments amid the general state of the Grecian economy, with “the country’s doctors only treating emergencies, bus drivers on strike, and a dire lack of school textbooks and the country teetering on the brink of drachmatization …” (January 9).
www.zerohedge.com...

When the EU was threatened with the collapse of the Greek economy, German defense industry chiefs held the Greeks’ feet to the fire. Rather than cancel out on existing contracts, permitting the release of funds to support basic services within the ailing Greek economy, the German government defense contractors enforced Greece’s contract obligations.

The effect of this scenario has been that Greece is treating as a priority the payment of its obligations to the German armaments industry using the very bailout funds received to ostensibly revive its dying economy.

Once again, as Spiegel Online points out in its January 10 edition, “Its neighbors may be suffering, but the euro crisis has created conditions that actually benefit the German economy.”
www.spiegel.de...

It’s time that you educated yourself in just what is really happening in Europe today, its sinister beginnings and its rather fearful outcome.

(Before somebody has a tissy fit)...
www.thetrumpet.com...

reply to post by Willease


So what's your opinion on this news article? All this is told and for-seen? ?

well.
thank god I'm of the Aryan race...

reply to post by Willease

Originally posted by ManFromEurope
We do not want to be the single strong man in the ring, we would very much like the rest of Europe to provide financial aids, too.

I second this post by my fellow countryman.

PIIGS want to pay their bills for themselves? Be our guests!
The majoritiy of Germans would rather see us out of the €Z and the EU entirely than paying for these other countries economies.

What Freeborn stated in his post about the Brits is also true for many many Germans, and I want to add, for all true patriots in Europe.

Your assessment about German re-militarization is also wrong. We are not increasing our military, in fact we are decreasing and "reforming" it.

*And why did you post about those salafist-islamists?

You called it.

[Daily Show / John Stewart just did an awesome bit on it]

To paraphrase...

Oh, the irony... Germany was defeated, emphatically, in WWII - now, 70 years later, they have no army, yet control ALL of Europe.

Wish I could find the clip.