3 Jun 2012
On behalf of the Government of the tips of the European institutions to develop a plan behind the scenes for a new, more stable Europe. The price could be the splitting of the EU. By F. Eder, A. Ettel, J. Hildebrand and S. Jost
Google translation: A first hint of Angela Merkel, he risked. "It is of course possible to think about how we move forward over the next five to ten years," the Chancellor said this week, with a view to Europe. "If we are constantly thinking bans imposed, this will not work." This was a test balloon. He rose to go unnoticed. Still, hardly anyone suspects that Merkel's words could soon take on a very far-reaching decisions.
After the last two horror-week stands for Government and the EU's top personnel determine that you are not alone with short-term anti-crisis progresses. The euro crashed in recent days, recorded in the meantime just over $ 1.23, their lowest point in two not years. At the same time, the risk premiums on government bonds climb from Spain and Italy to record levels. The crisis is back with a vengeance.
By Georg Lentze: Its success in Germany's biggest state election last month has cemented the Pirate Party's status as the coming force in German politics.
The party took nearly 8% of the vote in North Rhine-Westphalia, meaning it is now represented in four of Germany's 16 state legislatures.
But German media and many commentators remain sceptical over its policies, and its ability to overcome internal divisions.
In its public statements, this new liberal political force now has much broader concerns than just the rights of citizens in a "digital society".
- Calls for a guaranteed basic income for everyone
- Action against racism and right-wing extremism
- Free education at all levels; free local public transport
- Abandoning nuclear power
- Equal status for marriage and registered partnerships between two or more people
- Legalisation of drugs
- Separation of state and church
But local press(-titutes) reports on the Pirates' first steps in Berlin's state assembly paint the picture of a party grappling with its own principles and struggling to shed its single-issue image.
From Wikipedia: Rudolf Joseph Lorenz Steiner (25/27 February 1861 -- 30 March 1925) was an Austrian philosopher, social reformer, architect, and esotericist. Steiner gained initial recognition as a literary critic and cultural philosopher. At the beginning of the 20th century, he founded a spiritual movement, Anthroposophy, as an esoteric philosophy growing out of idealist philosophy and with links to Theosophy.
Submitted by Tyler Durden:What would the weekend be without at least one rumor that Europe is on the verge of fixing everything, or failing that, planning for a master fix, OR failing that, planning for a master plan to fix everything. Sure enough, we just got the latter, which considering nobody really believes anything out of Europe anymore, especially not something that has not been signed, stamped and approved by Merkel herself, is rather ballsy. Nonetheless, one can't blame them for trying: "The chiefs of four European institutions are in the process of creating a master plan for the euro zone, the daily Die Welt reports Saturday, in an advance release of an article to be published Sunday. Suggestions targeting a fiscal, banking, and political union, as well as structural reforms, are being worked out by E.U. Council President Herman van Rompuy, E.U. Commission chief Jose Manuel Barroso, Eurogroup Chairman Jean-Claude Juncker and European Central Bank President Mario Draghi, according to the article. The plan is to be presented at a summit of European leaders at end of June, the article says."
Less than credible sources report that Spiderman towels (which are now trading at negative repo rates) and cross-rehypothecated kitchen sinks are also key components of all future "master plans" which sadly are absolutely meaningless since the signature of Europe's paymaster - the Bundesrepublik - is as usual lacking. Which is why, "the plan may well mean that the euro zone adopts measures not immediately accepted by the whole of the European Union, the article adds." So... European sub-union? Hardly strange is that just as this latest desperate attempt at distraction from the complete chaos in Europe (which will only find a resolution once XO crosses 1000 as we and Citi suggested two weeks ago and when the world is truly on the verge of the abyss), none other than George Soros has just started a 3-month countdown to European the European D(oom)-Day.