Counter Revolt In Germany: Gagging “Hardliners” As the Economy Tanks And Future Exports Drop Into The Red Zone

Tuesday, August 28, 2012
By Paul Martin

Wolf Richter

A hullabaloo has flared up in Germany over squashing democratic discussion on whether or not taxpayers should endlessly pay to keep Greece in the Eurozone and protect bondholders—the ECB and national central banks—from having to recognize reality on the worm-eaten Greek debt in their basements. The tools: political pressure, fake moral outrage, and ridicule. And not just in Germany. NPR announced on Sunday that only some “hardliners” in Germany were standing in the way of the world being saved by the ECB and German taxpayers.

The pressure comes from all sides: Chancellor Angela Merkel should forcibly shut up these unruly, inconvenient, sound-bite-hungry “hardliners” that make so much sense to the people who’ll have to pay for it all. Prime target: Alexander Dobrindt, General Secretary of the CSU, Bavaria’s sister party to Merkel’s CDU. His exasperation with successive Greek governments, their lies and broken promises, their extortion efforts and demands for ever more money has bled through. So he told the tabloid Bild that he sees “Greece out of the Eurozone by 2013.” After which it would get a Marshall Plan, he said. And rumors that the ECB would soon buy potentially unlimited amounts of sovereign bonds incited him to call its President Mario Draghi “the counterfeiter of Europe.”

He “is playing with fire in the European house,” warned Andrea Nahles, General Secretary of the opposition SPD. This must be forbidden; Merkel’s reminders to tone down the rhetoric and wait for the big Troika report simply weren’t enough, she warned. Thus has begun the process of strangling democratic discussion on an expensive and risky engagement for taxpayers.

The Rest…HERE

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