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Merkel's conservative allies are on board.

German conservatives' eurobond awakening

So why did Germany's conservative bloc go from being the scourge of southern Europe to its enthusiastic savior? In a word, business.

Unlike the euro crisis, which triggered dramatic turbulence in financial markets but left German industry unscathed, the corona pandemic threatens Germany's own economic stability. The nations in the eye of the euro crisis storm, such as Portugal and Greece, were not key German trading partners. The countries in focus now -- especially Italy -- are a different story.

Italy is Germany's fifth-largest trading partner with a total trade volume of more than €125 billion last year. Major German car companies and machinery makers rely heavily on suppliers in Italy's northern industrial corridor. Permanent damage to those supply chains could also do irreparable harm to German industry.

That's why German industry, traditionally close to the CDU, has been one of the loudest voices urging Berlin to push ahead with the recovery fund.

by Bernard on Thu May 21st, 2020 at 12:56:14 PM EST
It still seems remarkable, to an outside observer, how something is objectively wrong, unthinkable even, until Mutti says its ok.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu May 21st, 2020 at 01:38:02 PM EST
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Even Conservatives have finally figured out that people won't buy stuff if (a) they don't have any money and/or (b) they are dead.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Sat May 30th, 2020 at 04:50:59 PM EST
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So why haven't the Dutch figured this out?
by gk (gk (gk quattro due due sette @gmail.com)) on Sat May 30th, 2020 at 04:53:28 PM EST
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I get from what people around here have said Rutte, et. al., are more in the Populist Fascist side of things.  

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Sat May 30th, 2020 at 05:01:38 PM EST
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Rutte et al. are not alone. See this Dutch magazine cover about the perennial "lazy southerner".
by Bernard on Sat May 30th, 2020 at 05:56:00 PM EST
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That's an Elsevier magazine, who probably represent the "lazy Dutch", making money from the work of scientists everywhere, while themselves contributing little.

University of California: Not a penny to Elsevier

The University of California System has canceled its multimillion-dollar subscription contract with Elsevier, an academic publisher.

Other institutions have canceled their "big deal" journal subscription contracts with major publishers before. But none in the U.S. have the financial and scholarly clout of the UC system -- which accounts for nearly 10 percent of the nation's publishing output.

The cancellation, announced Thursday, is a blow to Elsevier, which is facing increasing pressure to change its largely subscription-based business model. Last year, hundreds of institutions in Germany and Sweden refused to sign a deal with Elsevier unless it agreed to fundamentally change the way it charges institutions to access and publish research.

by gk (gk (gk quattro due due sette @gmail.com)) on Sat May 30th, 2020 at 06:09:27 PM EST
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I think it's a Calvinist thing.
by rifek on Sun May 31st, 2020 at 09:12:23 PM EST
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So that's why the Dutch are always working hard, and never sitting around in bars drinking beer?
by gk (gk (gk quattro due due sette @gmail.com)) on Sun May 31st, 2020 at 09:25:47 PM EST
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I think it's more a matter of people believing on some level that predestination will take care of it all.
by rifek on Mon Jun 1st, 2020 at 03:58:52 AM EST
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Rutte forever?

by das monde on Mon Jun 1st, 2020 at 08:26:19 AM EST
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YEP!  🌵 😎

🐒 pulling wool over the eyes of the Dutch ... extreme poor performance by Dutch tv news and media ... result of decades by rightwing parties sketching Dutch government and judiciary as run by leftists and progressives brought up in the 1970s.

What you present to a nation will ultimately be consumed. Capitalism and one's pocket book is the new religion. The COVID-19 pandemic illuminated the generational divide: youth struggling due to high costs of living, housing, debt, and job insecurity. The older generation are by definition seen as "rich" and living in homes that are too big in size. Many of the young adults are living at home years longer due to a privatized economy leading to these shortcomings in Dutch society. Rutte is a master in "nudging" leading to personal stature and considered to be every man's friend.

Rutte rubbing shoulders with UK political leadership AND president Trump. Bowing to White House pressure and canceling delivery of ASML chip machine to China.

Global Warming - distance between America and Europe is steadily increasing.

by Oui on Mon Jun 1st, 2020 at 08:52:46 AM EST
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