Meet The New Crisis

Same as the old crisis. So like what, me worry?

Crisis

“I think there is no need to talk about a euro crisis,” German Finance Minister Wolfgang Schaeuble said after Italian voters defeated the referendum on constitutional amendments. “I think we should see the situation in Italy with a certain calmness. That is how democratic and constitutional processes work in the member states. The Italians have decided, that is to be respected. They will make the best of it.”

I admire his serenity (Greece, Brexit, Italy…). And I’d also like to know what kind of tranquilizers this guy is on.

Die Lage in Italien heute besser als vor zwei Jahren.

German Of The Day: Geht Nicht Gibt’s Nicht

That means, “it’s not possible is not an option.” And that’s where we are right now with this German refugee crisis, I believe.

Merkel

What would you think, my fellow Americans, if your fearless leader (let’s call him “The Pres”) were to tell you in a nationally televised address that it simply is not possible for the United States to stop the influx of refugees coming in from, say, Canada? Or, I dunno, Mexico maybe? You would rightly think, well then what’s the point of having the freakin’ border in the first place?

Well, that’s what the world’s most powerful woman has told her countrymen in Germany now on several occasions.

I have not yet figured out why she is saying this – because it obviously is possible – but talk about your self-fullfilling prophecy. If what she really means is that it is not possible for HER to secure her country’s borders (European Union borders clearly do not exit so these are the only borders left), then somebody else after her will. And I think this could happen pretty quickly now, too.

In other words, German of the day coming soon: Putsch.

Schäuble ist am Ende seiner Karriere angelangt. Er hat nichts zu verlieren. Er ist die Schlüsselfigur, der ideale Mann, einen Putsch anzuführen. Der einzige, der es erfolgreich tun könnte. Er wäre ein denkbarer Übergangskanzler im Fall der Fälle.

PS: I think what we’ve got here with Angie is the next Günther Schabowski.

Plan B For Bankrupt

Tick tock tick tock

Plan B

German Finance Minister Wolfgang Schaeuble hinted on Saturday that Berlin was preparing for a possible Greek default, drawing a parallel with the secrecy of German reunification plans in 1989.

“You shouldn’t ask responsible politicians about alternatives,” Schaeuble answered, adding one only need to use one’s imagination to envisage what could happen.

He indicated that if he were to answer in the affirmative that ministers were working on a Plan B — what to do when Greece runs out of money and cannot pay back its debt — he could trigger panic.

“Da ist überhaupt nichts dran. Der Plan B wurde nicht diskutiert.”