German Of The Day: Graf Draghila

That means Count Draghila.

Draghila

You know, as in Mario Draghi, the European Central Bank President?

Mass-selling German newspaper Bild on Friday accused European Central Bank President Mario Draghi of “sucking dry” the bank accounts of Germany’s savers, a day after the ECB cut interest rates deeper into negative territory.

Next to a photomontage of Draghi with fangs and dressed as a vampire, Bild’s headline read: “Count Draghila is sucking our accounts dry.”

Hoping to kick-start economic activity nearly a decade after the euro zone’s debt crisis, the ECB on Thursday cut interest rates deeper into negative territory and promised bond purchases with no end-date to push borrowing costs even lower.

“The horror for German savers goes on and on.”

An Inconvenient Truth

Germany hides the awkward truth about the euro.

Germany

Mr Kohl’s offence — the original sin, I would say, at the launch of the single currency — was to shy away from spelling out to German voters the inescapable meaning of the bargain. It still goes unsaid. In short, Germany is the biggest beneficiary of European integration. The EU supplies the democratic stability and economic certainty on which its prosperity has been built. No country has more to lose from a break-up.

These benefits, understandably, carry a price tag. As the EU’s most powerful economy, Germany bears a proportionate responsibility for the stability of the enterprise.

The mantra in Berlin continues to obfuscate. Germany, it says, will never accept a “transfer union”. In real life, of course, that horse has already bolted. The true choice is between the shadow transfer union represented by the mountain of national central bank liabilities that have built up at the ECB — so-called Target balances — and the creation of an economic union that admits the role of fiscal policy in managing economic demand.

The present catch-22 is that those with room to operate the fiscal levers — Germany and its northern neighbours — refuse to do so. Those pressing for a more expansionary stance — led by France — lack the budgetary headroom.

It Can’t Happen Here

Or at least we’ll pretend that it can’t.

Russia

Russia was behind the murder last month of a former Chechen rebel in Germany, U.S. officials said on Tuesday, rekindling concerns that Moscow is ramping up an assassination campaign against the country’s perceived enemies abroad…

The absence of a German government reaction to Mr. Khangoshvili’s murder has sparked criticism from opposition parties that Berlin is eager to avoid a confrontation with Russia. A spokesman for the German government declined to comment and said the investigation was continuing.

“The United States believes that Russia is responsible for this assassination.”

German Of The Day: Respektlosigkeit

That means disrespect. I don’t know what it means in Chinese, though. Failing to kowtow?

Wong

German foreign minister meeting with Joshua Wong ‘disrespectful’: China – Beijing has slammed democracy activist Joshua Wong’s meeting with Germany’s foreign minister as “disrespectful.” Wong has urged countries to stand by Hong Kong protesters against the long arm of China in the city.

Don’t worry, China. Angela Merkel is already cowering in a back office of the chancellery somewhere and has already made it clear that she won’t meet with him. She knows it would be Wong for her to do that.

“It is extremely wrong for German media and politicians to attempt to tap into the anti-China separatist wave.”

At Least He’s Not With The AfD

The AfD or Alternative for Germany is the main far-right opposition party in Germany these days and is a potential danger because its ranks are most likely filled with neo-Nazis, one reads time and time and time again. None of the other parties will work with them.

AfD

This guy, on the other hand, is a real neo-Nazi from the National Democratic Party (NPD) so the danger is real and therefore less, I dunno, dangerous, I guess. The same parties just elected him mayor of a small town in Hesse.

Senior politicians in Germany’s ruling parties have voiced anger at the election of a neo-Nazi as mayor of a town in the central state of Hesse.

Local councillors representing Chancellor Angela Merkel’s Christian Democrats (CDU), its governing partner the centre-left Social Democrats (SPD), and the liberal Free Democrats (FDP) all voted for Mr Jagsch.

“The NPD candidate filled the vacuum.”

The Case Of The Missing Monitor Station

The Russians did it.

Russians

Or maybe Nessie? Bigfoot can’t swim. Can he?

A massive environmental monitoring station off Germany’s Baltic coast has disappeared from the seabed, baffling police and researchers.

The seabed “observatory”, worth about €300,000 (£270,000), weighed more than half a tonne. It could not have been dragged off by a storm, tide or large animal, German experts say.

Divers only found a torn power cable at the site, 22m (72ft) down and 1.8km (1.2 miles) offshore.

It is a prohibited area, north of Kiel.

No boats – not even local fishing boats – are allowed into the area, called Eckernförde Bay, about 70km (44 miles) south of the Danish border..

The missing observatory, installed in late 2016, stopped sending data on 21 August.

Now This Is What I Call Equality

Germans know how to do this stuff. When everybody loses over here then everybody loses equally.

Merkel

Everyone Loses in Germany – Voters in state elections effectively choose ‘none of the above.’

European elections these days are generally contests between a beleaguered mainstream and insurgent alternatives. Voters in two German states on Sunday chose a form of “none of the above” as the country stumbles out of the Angela Merkel era.

It Doesn’t Matter Who Replaces Merkel. Germany Is Broken.

Doubled Since 2014?

What could have brought that about?

Guns

More Germans applying for alarm gun licenses – More and more Germans are acquiring the permit they need to carry a gas pistol, a newspaper has reported. The number has more than doubled in the last five years.

The so-called Kleiner Waffenschein (“small weapons permit”) is relatively easy to acquire in Germany: they are usually available to anyone over 18 with no previous serious criminal convictions, and who is considered “physically and mentally fit.”

“At least since the events at the Cologne cathedral square on New Year’s Eve in 2015 people apparently feel more and more unsafe.”

Isn’t That Special

Germany Isn’t Special – To pull its weight, it needs to start seeing itself as a normal country, subject to the same pressures as all its neighbors.

Germany

Polls before this weekend’s elections in states in the former East Germany show the right-wing Alternative for Germany (AfD) comfortably capturing 20 percent or more of the vote. This is just one of the ways in which the country at the center of Europe is confronting a new state of affairs.

Ever since reunification, Germany has built its liberal democracy on a few key pillars—a disavowal of the extreme right, a focus on economic performance, and a steadfast relationship to the United States—to avoid a return to the conflagrations of the past. By following these guidelines, the country has won itself respect around the globe. But it has also persisted in treating itself as a special case, not subject to the pressures affecting its Western peers. That, in turn, has led to resentment among its partners. It is time for Germany to buck its postwar policy traditions and begin to see itself for what it is: a normal power.

A German friend of mine summed it up more succinctly: Die Deutschen wollen immer eine Extrawurst haben. The Germans always want “an extra sausage” = special treatment. Are those days finally over? In the real world, I mean? Stay tuned.

“Treacherous Manslaughter?”

Getting shot in the head twice with a silenced Glock 29 by an electric bicycle-riding man in a Berlin park in broad daylight?

Russians

Except for the broad daylight part I’d say yeah, that’s pretty treacherous (“treacherous manslaughter” is what the suspected killer is being charged with).

The killing of a former Chechen separatist commander in central Berlin has raised concerns that Russia may have deployed an agent to a European nation to target a Kremlin opponent, a tactic it has been accused of using many times in the past.

The victim, Zelimkhan Khangoshvili, who fought against Russian troops in the second Chechen war 20 years ago, was on his way to Friday prayers last week when he was shot in the head twice by a bicycle-riding man using a handgun with a silencer, according to witness accounts cited in the German news media.

The Russian government in 2006 legalized the killings abroad of people who were judged to pose terrorist threats, resuming a Soviet-era practice.

Russischer Geheimdienst womöglich in Mord an Exil-Georgier verwickelt.