The German Plan to Take Over the Euro
BY RICHARD PALMER
Before European leaders agreed to German demands to change the Lisbon Treaty, U.S. think tank Stratfor wrote that amending the treaty would “complete Berlin’s first phase of redesigning the European Union” (December 15).
December 16: Phase one complete.
December 17: Start phase two: a group of nations with a common taxation and spending policy—essentially a common government.
Now that phase one is virtually finished, Germany has got straight to work on phase 2. On December 17, French President Nicolas Sarkozy agreed to work with German Chancellor Angela Merkel for a more unified Europe in 2011.
Phase One: A Europe Dependent on Germany
European leaders agreed to amend the Lisbon Treaty to create a permanent eurozone rescue fund on the first day of a two-day summit in Brussels, December 16. The fund will succeed the European Financial Stability Facility (efsf), the current mechanism for bailing out euro nations, when it expires in 2013.
The agreement is a victory for Germany. As Spiegel Online wrote, “What had been derided in summer as a unilateral demand from Berlin has now become European consensus” (December 17).
Stratfor agrees, saying, “Amending the Lisbon Treaty in order to establish a permanent rescue mechanism will complete Berlin’s first phase of redesigning the European Union” (op. cit.).
It is not random events that have brought about German control of eurozone finances. It is phase one of a deliberate plan.