Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I didn't wanted, but since it is discussed anyway.

<Theo Weigels' merry men wrote the 3-percent deficit limit into the Maastricht Treaty.>

No. They proposed it; and 1< other governments accepted it. What about their agency?

 <Germany opposed any effort to work towards an EU-wide bank resolution scheme when the shit hit the fan in late 2008.>

Now you are just making things up. There was no effort to work toward a EU-Wide resolution scheme. Every country - and that was the problem - acted for themselves. As usual the main culprit and trigger were the Irish with their idiotic blanket guarantee.

> Germany opposed fiscal stimulus as the G20 in 2009 on the grounds that "automatic stabilizers were sufficient" only to spearhead the destruction of the EU's welfare state and social compact when the said automatic stabilizers pushed deficits well above 3% EU-wide as they couldn't possibly fail to do in a deep recession.>

That is a bit dubious history. In July 2009, when the summit happened, in Germany the stimulus was already enacted at about 1.6% of gdp in 2009. That was not really then the stimulus in the US, not to talk of the other G8 countries. And the argument that countries with big automatic stabilizers like Germany need a smaller explicit stimulus is at least plausible.

 <Germany has for 2 years and increasingly transparently pushing a laundering a bank bailout through Greece, in the process destroying the Greek economy and making the Greek debt situation worse with each  crisis "resolution" proposal.>

You mean Germany and the other EU-countries, I hope. And the greek economy was hardly in a healthy state in 2009. There was and in same sense is a global crisis starting in 2008, even if you like to pretend it isn't.

 >Germany is pushing treaty reforms and policy proposals at the EU level which have nothing to do with the causes of the crisis and do nothing to resolve it.>

True. Neoliberalism in action. Is e. g. Rajoy any different? Most of europe is governed by right.wingers. What do you expect?

 >For "Germany" read "Merkel and her government" above if you must.<

No, that would misconstrue your argument: You don't mean Merkel, you don't mean right-wing policies, you mean Germany, going back to at least Waigel. But probably you think that the root of this ancient conspiracy goes back to when Helmut Schmidt duped Giscard d'Estaing into a common european currency.


by IM on Sat Feb 18th, 2012 at 09:59:37 AM EST
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