President Trump's suggestion the EU is run for the benefit of Germany.

Mick Mac

Well-known member
Joined
Jan 6, 2017
Messages
7,851
President Trump got the German, French and EU elites in a tizzy when he said that Europe, the political machine, was heading towards break up.

Even harder he said that the EU had become nothing more than a vehicle for German interests. The American President is not alone. Serious players in the world of European politics say the same.

Romano Prodi has said: “The resolutions of the Greek crisis was not a Brussels-Athens decision, it was a Berlin-Athens decision.” Romano Prodi led the Commission between 1999 and 2004 and oversaw the EU nearly double in size.

Matteo Renzi has said "Stressing austerity means destroying Europe,” Renzi told an audience of policy experts at the Council on Foreign Relations. ”Which is the only country which receives an advantage from this strategy? The one which exports the most: Germany.”

An opinion piece in the Washington Post examines the President's argument and finds that there is meat there whatever one's view on the new President. The author is

Sebastian Mallaby is a Post contributor and Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. He is author of “The Man Who Knew: The Life and Times of Alan Greenspan.”

The E.U., President Trump observed, is dominated by Germany. “People, countries want their own identity,” he said. Prodi, Renzi, President Trump and the people of so many countries who saw that Germany was always the country slamming the fist on the table demanding that Europe follow austerity. But did it work and did the European peoples benefit.

Americans may feel that their recovery since the financial crisis has been anemic. But, adjusted for inflation, the U.S. economy has actually grown by a cumulative 12 percent since 2008. In contrast, the 28 countries in the European Union managed combined growth of just 4 percent . And in the subset consisting of the eurozone minus Germany, output actually fell. Even though the strong dollar may help Europe this year, most of the Mediterranean periphery has suffered a lost decade.
Thats the answer. The only country that seems to have done well seems to be the country everyone is accusing of running the show. Did Germany have undue influence over Ireland? When they reviewed the Irish budget before the Irish people even heard it was that too much control?

All that control and what for?

Unemployment among Europe’s youth is even more appalling: In Greece, Spain, France, Croatia, Italy, Cyprus and Portugal, more than 1 in 4 workers under 25 are jobless. America’s ability to put its economic house in order after 2008 shows that there was nothing foreordained about this. Europe has suffered an optional catastrophe. It has a lost generation to match its lost decade.
Europe has been remarkably relaxed about youth unemployment. It opted for austerity as a principle and it didnt care what happened. Even when there were options available it was more important to scrape every possible advantage for the German tax payers and let everyone else suffer.

The decisions that delivered this destruction were made overwhelmingly in Germany, just as Trump seems to suspect. Angela Merkel, the country’s sober, deliberate and altogether un-Trumpian chancellor, systematically slow-walked measures that could have accelerated Europe’s recovery. Budget stimulus, bank recapitalizations and, at least early on, monetary policy were sluggish because of German resistance. At some points in this process, Merkel was protecting German taxpayers, which is both reasonable and yet at the same time supportive of Trump’s view that national interests beat euro cohesion. At other points Merkel has been protecting nothing more vital than Germans’ phobia of even modest public borrowing and inflation — and never mind the plight of Mediterranean youth.
and what about this...

if you take Trump seriously rather than literally — to borrow the wonderful distinction made by Salena Zito in the Atlantic — then it has to be admitted that the president-elect has a point here. Europe is in deep trouble. It is time for its leaders to recognize that incremental policies are failing the continent’s people.
What a brilliant line that is. But the serious part is Europe is in trouble and its because its failing the people of Europe. President Trump has a serious message and it resonates with people because it has the advantage of having a continent devastated by the EU's austerity policies.

Like the American President or loathe him but if he is pitted against the architects of austerity a lot of people will choose the enemy of their enemy (whether thats Trump or the EU)

Mick
 


Mick Mac

Well-known member
Joined
Jan 6, 2017
Messages
7,851

gerhard dengler

Well-known member
Joined
Feb 3, 2011
Messages
46,739
Of course it's run for the benefit of Germany.

German re-unification altered the European equation.

Trumps grandfather was German btw.
 

statsman

Well-known member
Joined
Feb 25, 2011
Messages
55,059
President Trump got the German, French and EU elites in a tizzy when he said that Europe, the political machine, was heading towards break up.

Even harder he said that the EU had become nothing more than a vehicle for German interests. The American President is not alone. Serious players in the world of European politics say the same.

Romano Prodi has said: “The resolutions of the Greek crisis was not a Brussels-Athens decision, it was a Berlin-Athens decision.” Romano Prodi led the Commission between 1999 and 2004 and oversaw the EU nearly double in size.

Matteo Renzi has said "Stressing austerity means destroying Europe,” Renzi told an audience of policy experts at the Council on Foreign Relations. ”Which is the only country which receives an advantage from this strategy? The one which exports the most: Germany.”

An opinion piece in the Washington Post examines the President's argument and finds that there is meat there whatever one's view on the new President. The author is




The E.U., President Trump observed, is dominated by Germany. “People, countries want their own identity,” he said. Prodi, Renzi, President Trump and the people of so many countries who saw that Germany was always the country slamming the fist on the table demanding that Europe follow austerity. But did it work and did the European peoples benefit.



Thats the answer. The only country that seems to have done well seems to be the country everyone is accusing of running the show. Did Germany have undue influence over Ireland? When they reviewed the Irish budget before the Irish people even heard it was that too much control?

All that control and what for?



Europe has been remarkably relaxed about youth unemployment. It opted for austerity as a principle and it didnt care what happened. Even when there were options available it was more important to scrape every possible advantage for the German tax payers and let everyone else suffer.



and what about this...



What a brilliant line that is. But the serious part is Europe is in trouble and its because its failing the people of Europe. President Trump has a serious message and it resonates with people because it has the advantage of having a continent devastated by the EU's austerity policies.

Like the American President or loathe him but if he is pitted against the architects of austerity a lot of people will choose the enemy of their enemy (whether thats Trump or the EU)

Mick
Trump is a grade A gobshyte.
 

Morgellons

Well-known member
Joined
Mar 24, 2012
Messages
4,911
The spat about the American cars during the week was a flavour of what's to come, I think:

Germany to Donald Trump:

German media has been rabidly anti-Trump: I'm beginning to think they know there's a trade war in the offing, and Germany is going to be very exposed politically and economically.
 

ger12

Well-known member
Joined
Feb 25, 2011
Messages
47,680
The EU disintegrating would suit the US and Trump. So he makes remarks in hope.
 

Mick Mac

Well-known member
Joined
Jan 6, 2017
Messages
7,851
Trump is a grade A gobshyte.
He could be but if he is the man who starts telling the awkward truth he will become a very awkward and problematic grade A gobshyte who happens to be President of the USA.

The fact of the last 4 words of the preceding paragraph are very slow to sink in.

Mick
 

Mick Mac

Well-known member
Joined
Jan 6, 2017
Messages
7,851
The spat about the American cars during the week was a flavour of what's to come, I think:

Germany to Donald Trump:

German media has been rabidly anti-Trump: I'm beginning to think they know there's a trade war in the offing, and Germany is going to be very exposed politically and economically.
The German establishment might one day be talking a different tune. If their economy stuttered their restrictive budget rules would make it harder to bounce it back.

Mick
 

TheWolf

Well-known member
Joined
Jan 14, 2017
Messages
7,550
Trump is a grade A gobshyte.
Isn't he Noonan's BFF?
Remember all the bowing and curtsying at Shannon?


NB. BFF = 'best friends forever' according to my youngest.
 

dresden8

Well-known member
Joined
Feb 5, 2009
Messages
14,598
The EU is run for Germany is not a new theory and is not outrageous.

It's not run for the benefit of anybody else.
 

Morgellons

Well-known member
Joined
Mar 24, 2012
Messages
4,911
You're not wrong there, Mick.
 

enuffisenuff

Well-known member
Joined
Sep 27, 2011
Messages
3,431
never fear...its labours way or frankfurts way....f*ck I love any chance to roll that beauty out lest we all forget...
 

Morgellons

Well-known member
Joined
Mar 24, 2012
Messages
4,911
never fear...its labours way or frankfurts way....f*ck I love any chance to roll that beauty out lest we all forget...
That was a cracker alright.
 

Mick Mac

Well-known member
Joined
Jan 6, 2017
Messages
7,851
never fear...its labours way or frankfurts way....f*ck I love any chance to roll that beauty out lest we all forget...
What does Mr. Gilmore think of President Trump's dismissal of Frankfurt's way?

Mick
 

Happycamping

Well-known member
Joined
Dec 1, 2016
Messages
2,186
Like the American President or loathe him but if he is pitted against the architects of austerity a lot of people will choose the enemy of their enemy (whether thats Trump or the EU)

Mick
'The architects of austerity.' What is austerity?
 

Karloff

Well-known member
Joined
Jun 5, 2015
Messages
6,952
I bet his advisors are just thankful he didn't segue into a John Cleese walk when discussing Germany.
 


New Threads

Most Replies

Top