Itβs not just the politicians who make decisions about how to rescue the foundering Euro: a Constitutional Court in Germany also has a say on the most important decisions: Germany’s Constitutional Court Germany’s top court has rejected calls to block the permanent eurozone rescue fund – the European Stability Mechanism
Continue readingTag: Angela Merkel
CuriosityCat: Eurozone: The coming New Deal
Thank heavens for democracy! In a world taken to the brink of financial implosion because of lax regulations of financial institutions, incompetence of regulatory authorities, pure greed on the part of the stakeholders in our investment banking industries (banks, merchant banks, regulatory agencies, regulatory authorities, lawyers, auditors and the like)
Continue readingthe reeves report: Saving Solar Power in Germany
German Solar Park. For most of the past winter, Germany’s 1.1 million solar power systems that crisscross the country have sat relatively idle. Overcast skies and a relative lack of sunshine has meant the powerful solar-generating system has produced little energy, forcing Germany to import electricity from nuclear power plants
Continue readingCuriosityCat: The Eurocrisis β A Gallic snub, No Haircuts & More Stability Funds
What a dramatic few days we have just lived through! The grandest experiment in modern history β the European Union β has weathered a major threat to its existence, with 27 governments gathering in Brussels, and 26 agreeing on a roadmap for future stability and closer fiscal union. And the
Continue readingCuriosityCat: UK’s Cameron needs to take a lesson from The Gambler
Lissen up, David: Click here! And listen especially hard when Kenny Rogers has this to say: And the night got deathly quiet, and his face lost all expression.Said, “If you’re gonna play the game, boy, ya gotta learn to play it right. You got to know when to hold ’em,
Continue readingCuriosityCat: David ‘Two-Speed’ Cameron and the EuroCop
Chancellor Merkel’s glacial crawl towards the creation of an all-powerful EuroCop with powers to veto the budgets of Eurozone nations is beginning to make Prime Minister Cameron a bit nervous. Cameron is on the outside, looking in, but is itching to give advice to the 17 European Union members of
Continue readingCuriosityCat: Will Germany pay more for helping save the Euro than it paid for losing the War?
The figures seem to show it would, according to Landon Thomas in The New York Times: This Lady ain’t for stampeding … Bernard Connolly, a longtime critic of European policies, estimates that it would cost Germany, as the main surplus country in the euro zone, about 7 percent of its
Continue readingCuriosityCat: Chancellor Angela Merkel’s bypassing tactic on its way to success
David Cameron wants a pound of flesh in return for the UK agreeing to changes to the EU Treaty to bring on closer fiscal union in the Eurozone. Pushed by the Euroskeptics in his party, he has to pander to them by trying to change the deal and repatriate more
Continue readingCuriosityCat: Angela Merkel tosses Cameron a bone and presses on with Little EU amendments
David Cameron rubbed his hands in glee a few weeks ago when Angela Merkel insisted that the European Union treaty be amended as part of her agreement to save weaker countries from bankruptcy. Because amendments require 100% approval by all members, Cameron thought that he could bargain with the Iron
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