Translation from English

Wednesday, August 19, 2015

Die Zeit

GREECEChancellor on Filzlatschen

Angela Merkel was silent again. And that in the important debate about Greece. With this understanding of crisis management it shifts political boundaries. FRANK LÜBBERDING
Wirtschaft, Griechenland-Abstimmung, Angela Merkel, Griechenland, Bundestag, Bundeskanzler, Wolfgang Schäuble, Unionsfraktion, CSU, Grüne, Die Linke, SPD, Internationaler Währungsfonds, Volker Kauder, Anton Hofreiter, Bundesfinanzminister, Debatte, Kopfpauschale, Staatsverschuldung, Tunnel, Athen
Chancellor Angela Merkel (CDU) goes on 19/08/2015 at the military part of the airport Berlin Tegel to the Airbus A340 of Air Force. | © Kay Nietfeld / dpa
The most interesting remark in the Bundestag debate on the third aid program for Greece on Wednesday made ​​the Finance Minister. And rather casually. For theassessment of debt sustainability is not the abstract debt ratio of a country's vital, remarked Wolfgang Schäuble. Rather, it would depend on the so-called gross financial burden. They should not exceed 15 per cent in relation to economic performance.
This is certainly an elegant way out of that dilemma, in which the Union faction in the Bundestag has been overthrown in the past few days. This argument Schäuble could the IMF keep on board and at the same time avoiding a nominal haircut.Finally, coined by American economist think the IMF is considered not as dogmatic as the German Ordoliberaler. For this the three percent deficit limit and the 60 percent public debt of the Maastricht Treaty are still the last closing of economic wisdom.
DISPLAY
At least one speaker in this debate Greece 's noticed this rather unconventional pragmatism for a German finance minister: the Christian Democrat Klaus-Peter Willsch. He warned in the few minutes that his group had given for his speech against the possible consequences of this argument. So he hit a sore spot. What does such flexibility actually for the debt ceiling in Article 109 of the Basic Law? Is Greece a special case or is not it rather questioning the meaning of such abstract rules?
Willsch looked a bit lost in this debate. He had the almost impossible task of at least 63 "dissidents" to have to give, and three who abstained in the Union faction one vote. That was to be made in the short time hardly. But he made his remark the borders visible that characterizes the political understanding of the Chancellor.
This is, however, recognize no borders. The Bundestag is not an economic seminar and the Minister of Finance not a professor of political economy, as a former colleague from Athens. It is a political statement with consequences if since this morning debt sustainability is defined as "gross financial burden". You have to justify politically.

Maddening

Only the Chancellor said nothing, leaving her finance minister introducing the bill. Schäuble avoided any polemic, there was nothing more to feel the drama of July. He was largely confined to the technical details of this aid program. The other speakers of the Union could certainly hear self-critical tones. So pointed Ralph Brinkhaus, after all, the Group vice-president, to the responsibility of the creditor. The shaken by the reforms Greeks would the "light at the end of the tunnel" can detect when the conversion of the country to be successful. Weeks ago to hear the still different.
But who is surprised in the face of silence the Chancellor about the unwillingness of the Union faction? Who holds assiduously to the old beliefs like Willsch, must be almost crazy. Détente was a "Aggression on Filzlatschen" so once feared leading cadres of the SED. The Chancellor shifts political limits to this outmoded footwear. Earlier beliefs are out of the way, as if they were little things.
READER COMMENTS
  1. Unfortunately, as always - Germany pays and receives no counter solidarity.
    France called for a high turnout and open adhesion of Germany to the assistance - but is also a lack of solidarity and hardly takes on asylum. NRW alone took more asylum seekers than the whole of France.
    The Europe of the egoist - at Germany's expense.
    8 READERS RECOMMENDATIONS
    REACTIONS TO THIS COMMENT VIEW
  2. ... Of Merkel's private phone her resignation. Merkel's blackmail.
    6 READERS RECOMMENDATIONS
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    •  bms166
    • Yesterday 21:34 clock
    ... She was silent on Thursday?
    2 READER RECOMMENDATIONS
    REACTIONS TO THIS COMMENT VIEW
  3. Many believe that the Euro policy is leading Germany to destruction.
    But what do we do if it in 10 years, is still doing well and Greece has become a productive, advanced country?
    What shall we say then to our children that we had always warned against the Euro?
    People, which can be quite embarrassing.
    3 READER RECOMMENDATIONS
    REACTIONS TO THIS COMMENT VIEW
  4. "
    Earlier beliefs are out of the way, as if they were little things.
    "
    I do not remember the nuclear Volte or statements at the 1st "bailout" now.
    I want to ask a question: What does this, our Chancellor, anyway?
    It strikes me as a nothing.
    26 READERS RECOMMENDATIONS
    REACTIONS TO THIS COMMENT VIEW
  5. "Greece vote on Chancellor Filzlatschen"
    has once again burned just 85 billion euros.
    Who would have liked to beat it publicly on the chest?
    10 READERS RECOMMENDATIONS
    REACTIONS TO THIS COMMENT VIEW
    •  Fr0zen
    • Yesterday 21:36 clock
    "Earlier beliefs are out of the way, as if they were little things."
    I can not remember a time, not of "what interests me my talk from yesterday" politicians defined the personality profile of an unsalted zucchini in politics. The 18 million non-voters come not by chance. Remains to be seen whether the various political developments in recent years will increase or reverse this trend. I fear the latter.
    A READER RECOMMENDATION
  6. then the result: you will already blackmailed.
    Anders is not to explain.
    13 READERS RECOMMENDATIONS
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