Merkel's European Failure: Germany Dozes on a Volcano
✍ Scribed by Habermas, Jürgen
- Book ID
- 127310454
- Publisher
- John Wiley and Sons
- Year
- 2014
- Weight
- 40 KB
- Volume
- 21
- Category
- Article
- ISSN
- 1351-0487
No coin nor oath required. For personal study only.
✦ Synopsis
Merkel's government is forcing Southern Europe to undertake profound reforms while at the same time denying its own responsibility for the consequences of its crisis policies. Germany is risking a historic failure with its shortsighted wrangling.Under the imploring headline "We Germans Don't Want a German Europe," German Finance Minister Wolfgang Schäuble recently denied in a newspaper essay published simultaneously in Great Britain, France, Poland, Italy and Spain that Germany seeks a political leadership role in the European Union. Schäuble who, along with Labor Minister Ursula von der Leyen, is the only remaining member of Chancellor Angela Merkel's cabinet who can be characterized as a "European" in the West German mold, speaks from conviction. He is anything but a revisionist seeking to reverse Germany's integration into Europe, thereby destroying the basis for the stability of the postwar order. He is familiar with the problem that Germans must fear should it ever return.After the founding of the German Empire in 1871, Germany assumed a calamitous and partly hegemonic position, which, in the words of the deceased historian Ludwig Dehios, was "too weak to dominate the Continent but too strong to bring itself into line." This too helped pave the way for the disasters of the 20th century. Thanks to successful postwar European unification, both a divided Germany and a united Germany were prevented from stumbling into the same, old dilemma. It is clearly in Germany's interest that this state of affairs remains the same. But hasn't the situation changed?Schäuble is reacting to a current threat. He is the one who is pushing through Merkel's stubborn course in Brussels and who can feel the cracks that could lead to the breakup of Europe's core. He is the one who, when meeting with finance ministers from the European Monetary Union, encounters the resistance of the "recipient countries" whenever he blocks renewed attempts to bring about a change in policy. The obstruction of a banking union, which would mutualize the costs associated with winding down ailing banks, is only the most recent example.Schäuble doesn't stray so much as a millimeter from the chancellor's stipulation that German taxpayers not be burdened with more than exactly the scope of lending commitments that the financial markets demand for a rescue of the euro -and that they have always received, as the consequence of an openly investorfriendly "bailout policy." Naturally, this rigidly pursued course does not rule out a gesture of €100 million ($133 million) for loans to small and mid-sized businesses, which the rich uncle from Berlin recently handed to the stricken cousins in Athens from the national bank vault.
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