“The problem with socialism…”

is that you eventually run out of other people’s money.”

Socialism

Already on Saturday pictures of anxious savers queuing outside banks to withdraw money were circulating. A slow-motion bank run that had already drained €35 billion ($39 billion) of household and corporate deposits out of the Greek banking system between November 2014 and May 2015 threatens to get out of control. Greek banks have been able to cope with the haemorrhage of deposits only thanks to massive borrowing from the Bank of Greece, permitted by the European Central Bank (ECB) in Frankfurt. The ECB is now likely to call time on this and to prevent further increases in this “emergency liquidity assistance” (ELA). That will in turn force limits on cash withdrawals along with capital controls to prevent money leaving the country… Even if the ECB stays its hand this weekend, it will be forced to act early next week. Without a deal this weekend, the cash-strapped Greek government will be unable to repay the IMF €1.5 billion that is due at the end of this month.

The climax to 10 days of fraught bargaining in Brussels and Luxembourg was the decision by Alexis Tsipras, the Greek prime minister, to call a plebiscite on the terms of Greece’s bailout, stunning the other eurozone governments. “I am very negatively surprised,” said Jeroen Dijsselbloem, the Dutch chair of the committee of eurozone finance ministers. “The situation [in Greece] will deteriorate very rapidly … How the Greek government will survive, I do not know.”

Mutti Looks Mad

Some say it has something to do with Greece or something.

Mad

A small majority of Germans now want Greece out of the single currency, while an overwhelming majority believe that Europe shouldn’t offer Athens any new concessions to keep it in the bloc, according to a new poll from the German broadcaster ZDF.

Euroländer bereiten sich auf Griechenland-Pleite vor

Even When We Win We Lose

Or so it goes with SPD these days.

SPD

Germany’s Social Democrats, Chancellor Angela Merkel’s coalition partners, on Sunday suffered their worst-ever electoral setback in regional polls in Bremen, raising questions about party leader Sigmar Gabriel’s hopes of gaining ground nationally on Ms Merkel’s conservative Christian Democrats.

So sehen Sieger aus (this is what winners look like):

FDP

In Bremen ändern 6,5 Prozent für die FDP nicht viel. Im Bund aber eröffnet ihre Wiedererweckung Gedankenspiele für die Wahl 2017.

Capitalism Causes All This Awful German Affluence

And it must be stopped immediately (the capitalism, not the affluence). And let’s get rid of democracy while we’re at it.

Democracy

Survey says… Nearly a third of Germans believe that capitalism is the cause of poverty and hunger.

The poll of 1,400 people found that 59 percent of Germans in the formerly communist east consider communist and socialist ideals a good idea for society. In western Germany, 37 percent said they considered communist and socialist ideals to be good…

The survey found that more than 60 percent of Germans believe there is no genuine democracy in their country because industry has too much political influence and that the voice of the voters plays only a subordinate role.

Although not covered by this particular survey, capitalism and democracy are clearly also the cause behind the German obesity problem, the German six weeks of vacation a year problem, the German lowest unemployment rate and highest per capita (does that word come from capitalism?) savings in all of Europe problems, too. To name just a few.

Einer Studie zufolge glauben mehr als 60 Prozent der Bürger, dass in Deutschland keine echte Demokratie herrscht.

German Of The Day: Lieber ein Ende mit Schrecken als ein Schrecken ohne Ende

That means “better a terrifying end than unending terror.” In other words, it’s time for Greece to get those drachma machines running again.

Greece

But the Greeks already know this themselves. That’s what they just voted for. Sure, we’ll get to watch how Greece and the EU (Germany) play around with each other for a few weeks as if both sides are tying to find a new solution for a solution that has already long been in place but in the end Greece will leave the EU. This new Greek government is the undertaker man (don’t shake that guy’s hand!). They will point their fingers at Germany on the way out telling Greek voters “we tried everything we could, but…” and then, well, it’s back to the real world again. And this will be a good thing for Greece – in the long run.

Hey, this reminds me of another German saying: Geh mit Gott, aber geh! Go with God, but go!

Entgegen allen Warnungen aus Deutschland und Europa lehnt die griechische Regierung Gespräche mit den internationalen Geldgebern ab. Sie seien in Athen nicht willkommen.

Togetherness

SPD party whip Thomas Oppermann has found it necessary to interrupt his clearly less than busy summer vacation to explain to Germans who already know that it is the United States ITSELF that is directly responsible for the rise of the ISIS terrorist group and their atrocities in Iraq.

Oppermann

The American intervention and overthrow of Saddam Hussein ten years ago, so the reasoning goes, ruined the “togetherness” that had predominated under the peoples and religions down there up until then. While their fearless leader was still around to take care of things like togetherness and stuff like that, I mean. Whatever.

But not to worry, folks. Six (that’s the number between five and seven) German soldiers have now been sent to the area to calm things down and clean things up.

Personally, I think that this guy needs to extend his vacation another month. He’s obviously stressed out and can’t see very clearly at the moment. Not only do Germans get terribly stressed out just watching TV (while on vacation or otherwise), a new study also indicates that the enormous stress Germans are generally under can lead to vision impairment, too.

Die US-Intervention habe das Miteinander der Völker und Religionen im Irak zerstört.

I Thought He’d Never Leave

Berlin’s mayor Klaus Wowereit (SPD) will finally step down on 11 December, after thirteen years in power. Damn. That’s longer than the Third Reich lasted.

Klaus

And talk about chuzpe. This guy took it to a whole new level (just like he took building airports to a whole new level). He’s leaving now of his “own free will.” Before his cronies get around to tossing him out first, in other words. Even the Berlin SPD crowd has finally figured out that Berlin doesn’t “work” because of Wowereit, it works despite him.

Hey, lieber ein Ende mit Schrecken als ein Schrecken ohne Ende. The Party Klaus is finally over.

Sein drittes Problem: die Stadt. „Arm, aber sexy“, wie der Bürgermeister sie eins beschrieb, das reicht in Wahrheit keinem Berliner mehr. Ihre Stadt, so stellten sie fest, funktioniert nicht wegen Wowereit, sondern trotz Wowereit.

SPD Not Sozial Enough

Boy, that didn’t take long. Did you read that part about “social” yesterday?

Sozial

Hardly in the new coalition government with the CDU/CSU, leading SPD politicians are now already preparing the way for their move to form a new “100% social” one with the Left Party.

These things take time, though. And it’s all about psychology. And timing. OK, the SPD has never been all that good with the timing part but they’re numero uno when it comes to subtle psychological manipulation. OK, not so subtle psychological manipulation. And publishing a paper calling for a “progressive left-leaning reform alliance with an aim to take over in 2017” with the Left Party is just the right ticket. For the start, I mean. Did I mention the timing part?

Für ein “progressiv-linkes Reformbündnis mit einer Machtperspektive 2017” müsse man “die bestehenden inhaltlichen und strategischen Differenzen zwischen allen Parteien links der Union” beseitigen.

What’s All The Excitement About?

I’ve never made any secret about being an unrepenting communist.

Lötzsch

This is another one of those “only in Germany” kind of things. Well, to be fair, it’s more like an “only in Berlin” kind of thing.

It goes like this: The Left Party – a “democratic socialist” party stemming directly from the PDS (some of us referred to it as the Partei der Stasi) which in turn was a creature that had stemmed directly from the black lagoon of GDR SED East German Communism, never stops going through the motions of pretending that it isn’t communist in nature (if not in deed) while everyone here knows of course that it is. It’s just some kind of weird parlour game that Germans play.

The Left Party is the refuge for all of those hundreds of thousands of incorrigible die-hard Ostalgie dinosaurs who cannot except the fact that their worldview is in fact irretrievably gone (I feel for some of them in a way, it is unrealistic of us to think that the older ones can except it). Check out this election map of Berlin from two months ago if you don’t believe me.

Occasionally this game gets a little out of hand, however, and folks have to speak up to have them tone it down again for awhile so the game can continue in a more civilized and orderly fashion. That just happened once again with the Left Party attempt to have their ex-party boss Gesine Lötzsch herself (hardliner is the nice word for her) placed at the head of the Bundestag‘s Budget Committee.

Now everyone is suddenly surprized and concerned, it seems – to include the “regular” green kind of left-wing dream-world crowd, albeit from the West – that she is not prepared “to distance herself” from her communist past. This is unfair irgendwie (somehow). I understand completely why she has no business being there in the Bundestag and all. But how can you be expected to distance yourself from a past that is still your present?

Abgeordnete von Union und Grünen wollen die Linke Gesine Lötzsch als Vorsitzende des Haushaltsausschusses los werden. Der Grund dafür ist ihr unkritischer Umgang mit der DDR-Vergangenheit.

With A Little Help From My Friends

To keep Willy Brandt as Chancellor, the GDR was prepared to bribe members of German Parliament. Brandt’s intimate friend Egon Bahr (both SPD) negotiated with a GDR mediator in 1972 about payoffs for CDU and CSU parliamentarians. This has emerged in Stasi documents available to Der Spiegel. Brandt should thereby be kept in office. Bahr was State Secretary of the Chancellery at that time.

Brandt

And this is completely unrelated, of course, but for you history buffs out there: There was a very controversial Misstrauensvotum (vote of no confidence) in German Parliament back in 1972 which Willy Brandt won – with two decisive votes mysteriously missing for the conservative opposition that had proposed it.

“Das muss absolut verschwiegen bleiben.”