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Brown dismisses German attack on economy rescue plan - UK Politics, UK - The Independent

In a surprise attack, German finance minister Peer Steinbruck derided the headline 2.5 per cent cut in VAT announced by Chancellor Alistair Darling in the Pre-Budget Report while warning that a generation of taxpayers would be saddled with the debt.

In an interview with Newsweek magazine, he described the Government's switch to a "crass Keynesianiam" to try to spend its way out of the economic crisis after years of preaching fiscal rectitude as "breathtaking".

But Mr Brown, who will head to Brussels later today for a major European Union summit, told London's LBC Radio: "Actually the German government is investing more. They have just announced a fiscal expansion so that they can invest in public works and helping their banks and doing these sorts of things.

"I do not really want to get involved in what is clearly internal German politics here, because they have a coalition in Germany with different political parties.

"The important thing is that almost every country around the world is doing what we have been doing."

Quite measured from Brown, in my eyes. (Most of the German media is focusing only on the headline.)


*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu Dec 11th, 2008 at 03:20:54 PM EST
[ Parent ]
Whither the 'Good Europeans'?: EU Ire with Germany Spills into the Open - SPIEGEL ONLINE - News - International
Berlin has shown an increased willingness in recent weeks to go it alone when it comes to questions facing Berlin and its partners in the European Union. Now, though, the dissent threatens to turn into outright hostility.

...Following the appearance on Wednesday of a Newsweek interview with German Finance Minister Peer Steinbrück -- in which he picks apart Britain's recent sales tax (VAT) reduction -- Downing Street has hit back. Germany, a source close to the prime minister's office told the BBC, "was in a minority position and out of step with most other countries on how to deal with the looming recession."

...France has likewise played a major role in poisoning the relationship with Germany. "It used to be that whatever happened in the European Union, Germany and France discussed it first before going public with a proposal," Barysch said. "Now, they open up the newspaper in Berlin to learn that Sarkozy has sprung a new idea on them. They are constantly being put on the spot having to respond to proposals from Sarkozy. And they really don't like that."




*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Dec 11th, 2008 at 03:21:12 PM EST
[ Parent ]
In yesterday's IHT:


A scientist by training, with a mastery of detail, Merkel is instinctively at odds with her energetic and mercurial French counterpart. "The Germans," said another diplomat, also speaking on condition of anonymity due to the sensitivity of the subject, "hate the feeling that they wake up in the morning and have no idea what Sarkozy will do that day. They really hate it."

Who can blame them, seriosuly?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Dec 12th, 2008 at 03:03:55 AM EST
[ Parent ]
"The Germans,.. hate the feeling that they wake up in the morning and have no idea what Sarkozy will do that day. They really hate it."

They are not the only ones...

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

by Melanchthon on Fri Dec 12th, 2008 at 03:44:34 AM EST
[ Parent ]
really... the man/rodent has 'loose cannon' written all over him. it's a miracle he hasn't caused more serious damage already.

still time for that.

here's hoping carla is busy exhausting him at night, (though i think her singing is probably pretty barbiturate!)

he and berlu are really making me question democracy, i mean it's the best system out of a bad menu of choices, i know, but without extensive education in critical thinking, it just leads to the rule of the ignorant by the cunning.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Fri Dec 12th, 2008 at 06:40:12 AM EST
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Yet the german statement as reported in the UK focuses on the line that economies that were prudent with their economies do not want to subsidize for the consequences UK's regularotory weakness.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 11th, 2008 at 05:02:00 PM EST
[ Parent ]
Sorry, by "headline" I actually meant the sub-headline:

Prime Minister Gordon Brown dismissed criticism of his economic rescue plan for the UK today as a matter of "internal German politics".

Depending on paper and journalist, this is either presented as a strong dismissal indicating worsening relations - or as an astute if pointed observation from abroad.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu Dec 11th, 2008 at 05:24:09 PM EST
[ Parent ]

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