Connect with us

Latest

Hellenic Insider

Greece

Angela Merkel can no longer hide the fact that the Euro brings benefits only to a chosen few

Angela Merkel sits atop an EU kingdom built upon the misconception and illusion that the Euro would only bring benefits.

Alex Christoforou

Published

on

0 Views

Original post entitled, “The Failure of Politics: Merkel’s Euro Debacle?” appeared on The Globalist:

It may be the great magic trick of the management consulting world: No matter how complex the situation and how iffy the outcomes may appear to be, just draw a two-by-two box for your client. Define what options to write on the x and y axes – and then the client can decide.

Of course, a good consultant will carefully pre-shape the answer options, so that the answer the client will arrive at is more or less given. Best of all, the magic trick works, whether it concerns a pure business situation or a matter of public policy.

The top option always ends up in the top right of that box, the worst in the lower left. In between, in the top left and bottom right corners, you have the choice between two middle options.

The problem with it all is that, neat as these boxes are, in the real world you will know which box you landed in only after landing in it. Even if you go well prepared with the help of trip advisor or other services you might end up in a place in the box where you didn’t want to end up.

The same holds true for German chancellor Angela Merkel. She clearly hoped not to end up in the lower left box when she embarked on the mission to save the euro. “The euro is our common fate, and Europe is our common future” might well be her biggest mistake in her 10-year reign of Germany – and some would say of Europe.

The box Merkel was aiming for

In 2010, at the first and definitely not the last height of the euro crisis, Merkel and her team of advisors most probably had the following decision box in mind: How do we minimize the immediate political damage for us in Germany and how do we postpone the long-term political damage — even minimize it when it comes to pass?

The short-term political damage would have been clear. Preventing an immediate, uncontrollable collapse of the eurozone was necessary as this would have caused huge financial losses and demolished Merkel`s domestic reputation.

But it was also necessary to keep the German public’s illusion that the Euro would only bring benefits — and not lead to bailouts and transfers to other countries. In addition, it would also have been highly unpopular to admit that, in reality, it was German banks (not Greece and the rest of the periphery countries) that had to be rescued.

The former had given way too much credit to the latter and funded an unsustainable consumption boom in today’s crisis countries.

Merkel aimed for the upper right box: Happy voters and postponing any damage. Politically, that was understandable enough. But her choice entailed no effective solution of the crisis.

Living in denial

With more political courage on her part, she could have opted for a real solution in 2010. Such a solution required fixing the eurozone through a broad debt restructuring and mechanisms for more economic integration, which implies permanent transfers.

Of course, both of these components are highly unpopular among the German public – they were so then and are so today. Thus, she chose the “extend and pretend” option, still aiming for the upper right box hoping for a happy end and avoiding bad news today– by providing “credit” to already over indebted countries.

At first it seemed to work. The German public accepted the conditional support and believed its leadership that no taxpayers’ money would be spent for other countries.

The eurozone survived but it was not because of the politics implemented by European leaders but due to the ECB that did whatever it took to keep the Euro afloat.

Moment of truth

Unfortunately for Merkel, it didn’t last. It is only possible to deny the hard economical facts for a certain period of time. The latest effort to “rescue” Greece and the Euro made this transparent for everybody.

The proposal to Greece for a voluntary exit of the Euro made by the German finance ministry can be seen as the last attempt to stick to the 2010 strategy.

It would have incurred massive losses for German taxpayers but would have been sold domestically as the only way to prevent the worst outcome: Paying for all countries on a permanent basis. It would not have been in the upper right box anymore, but still been politically acceptable.

Now it is time for Merkel to face the unpleasant truth. Her aiming for a pain-free solution has failed. Now, she sits in the lower left box with unlimited costs for Germany, a tarnished reputation in Europe and a soon-to-come domestic backlash.

Whenever you make your choice, make sure that your choice is realistic. It is nice to dream about excellent food and good service. But if you cannot afford it, make the compromise upfront to avoid ending up where you don’t want to be.

References:

http://www.theglobalist.com/merkel-euro-debacle-germany-eurozone/

Liked it? Take a second to support The Duran on Patreon!
Advertisement
5 Comments

5
Leave a Reply

avatar
5 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
0 Comment authors
Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
trackback

ccn2785xdnwdc5bwedsj4wsndb

[…]always a massive fan of linking to bloggers that I enjoy but don’t get a whole lot of link really like from[…]

trackback

xcmwnv54ec8tnv5cev5jfdcnv5

[…]Here are a few of the web sites we suggest for our visitors[…]

trackback

Title

[…]here are some links to internet sites that we link to simply because we believe they’re really worth visiting[…]

trackback

Title

[…]Here is an excellent Weblog You may Uncover Fascinating that we Encourage You[…]

trackback

Title

[…]one of our visitors not too long ago recommended the following website[…]

Latest

Kiev ‘Patriarch’ prepares to seize Moscow properties in Ukraine

Although Constantinople besought the Kiev church to stop property seizures, they were ignored and used, or perhaps, complicit.

Seraphim Hanisch

Published

on

The attack on the Eastern Orthodox Church, brought about by the US State Department and its proxies in Constantinople and Ukraine, is continuing. On October 20, 2018, the illegitimate “Kyiv (Kiev) Patriarchate”, led by Filaret Denisenko who is calling himself “Patriarch Filaret”, had a synodal meeting in which it changed the commemoration title of the leader of the church to include the Kyiv Caves and Pochaev Lavras.

This is a problem because Metropolitan Onuphry of the Ukrainian Orthodox Church which is canonically accepted and acts as a very autonomous church under the Moscow Patriarchate has these places under his pastoral care.

This move takes place only one week after Patriarch Bartholomew I of Constantinople unilaterally (and illegally) lifted the excommunications, depositions (removal from priestly ranks as punishment) and anathemas against Filaret and Makary that were imposed on them by the hierarchy of the Moscow Patriarchate.

These two censures are very serious matters in the Orthodox Church. Excommunication means that the person or church so considered cannot receive Holy Communion or any of the other Mysteries (called Sacraments in the West) in a neighboring local Orthodox Church. Anathema is even more serious, for this happens when a cleric disregards his excommunication and deposition (removal from the priesthood), and acts as a priest or a bishop anyway.

Filaret Denisenko received all these censures in 1992, and Patriarch Bartholomew accepted this decision at the time, as stated in a letter he sent to Moscow shortly after the censures. However, three years later, Patriarch Bartholomew received a group of Ukrainian autocephalist bishops called the Ukrainian Orthodox Church in the USA, who had been in communion with Filaret’s group. While this move may have been motivated by the factor of Bartholomew’s almost total isolation within Istanbul, Turkey, it is nonetheless non-canonical.

This year’s moves have far exceeded previous ones, though, and now the possibility for a real clash that could cost lives is raised. With Filaret’s “church” – really an agglomeration of Ukrainian ultranationalists and Neo-Nazis in the mix, plus millions of no doubt innocent Ukrainian faithful who are deluded about the problems of their church, challenging an existing arrangement regarding Ukraine and Russia’s two most holy sites, the results are not likely to be good at all.

Here is the report about today’s developments, reprinted in part from OrthoChristian.com:

Meeting today in Kiev, the Synod of the schismatic “Kiev Patriarchate” (KP) has officially changed the title of its primate, “Patriarch” Philaret, to include the Kiev Caves and Pochaev Lavras under his jurisdiction.

The primate’s new official title, as given on the site of the KP, is “His Holiness and Beatitude (name), Archbishop and Metropolitan of Kiev—Mother of the cities of Rus’, and Galicia, Patriarch of All Rus’-Ukraine, Svyaschenno-Archimandrite of the Holy Dormition Kiev Caves and Pochaev Lavras.”

…Thus, the KP Synod is declaring that “Patriarch” Philaret has jurisdiction over the Kiev Caves and Pochaev Lavras, although they are canonically under the omophorion of His Beatitude Metropolitan Onuphry of Kiev and All Ukraine, the primate of the canonical Ukrainian Orthodox Church.

Philaret and his followers and nationalistic radicals have continually proclaimed that they will take the Lavras for themselves.

This claim to the ancient and venerable monasteries comes after the Holy Synod of the Ecumenical Patriarchate announced that it had removed the anathema placed upon Philaret by the Russian Orthodox Church and had restored him to his hierarchical office. Philaret was a metropolitan of the canonical Church, becoming patriarch in his schismatic organization.

Representatives of the Ecumenical Patriarchate have clarified that they consider Philaret to be the “former Metropolitan of Kiev,” but he and his organization continue to consider him an active patriarch, with jurisdiction in Ukraine.

Constantinople’s statement also appealed to all in Ukraine to “avoid appropriation of churches, monasteries, and other properties,” which the Synod of the KP ignored in today’s decision.

The KP primate’s abbreviated title will be, “His Holiness (name), Patriarch of Kiev and All Rus’-Ukraine,” and the acceptable form for relations with other Local Churches is “His Beatitude Archbishop (name), Metropolitan of Kiev and All Rus’-Ukraine.”

The Russian Orthodox Church broke eucharistic communion and all relations with the Ecumenical Patriarchate over this matter earlier this week. Of the fourteen local Orthodox Churches recognized the world over, twelve have expressed the viewpoint that Constantinople’s move was in violation of the canons of the Holy Orthodox Church. Only one local Church supported Constantinople wholeheartedly, and all jurisdictions except Constantinople have appealed for an interOrthodox Synod to address and solve the Ukrainian matter in a legitimate manner.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

Claims of Khashoggi death by fistfight expose Saudi brutality

The brutality of both state claims and unproven allegations in Khashoggi’s death raise serious questions about American alliances.

Seraphim Hanisch

Published

on

On October 2, 2018, Muslim Brotherhood member and Washington Post journalist Jamal Khashoggi entered the Saudi Arabian embassy in Turkey, never to be seen or heard from again.

This chilling report has been answered with some horrifying and grisly stories about what happened – that he was dismembered while still alive, that his body parts were dissolved completely in acid, leaving nothing left.

Now after two weeks, the Saudi official word on what happened came out: He died in an unexpected fistfight in the embassy.

Really. That is the Saudi’s explanation. A fistfight. In an embassy. With 18 people detained as suspects in the investigation.

And apparently the Saudi government expects the world to accept this explanation and just let it go.

This situation has just exposed the true nature of this “ally” of the United States. Even Rush Limbaugh, a staunch supporter of all conservative positions in America, has spoken from time to time about the amazing disconnect in American foreign policy with regards to Saudi Arabia. He continued that on his radio programs on both October 18th and 19th, 2018, as shown in this excerpted transcript, with emphasis added:

I’m simplifying this, folks, but generally that’s what happens. So, by the same token, you could say that this militant terrorist Islam that we’ve known since 9/11 and maybe 10, 15 years prior, that has been sponsored by Saudi Arabia, by the Saudi royal family. It’s why so many people have been upset with so many American presidents being buddy-buddy with the king, whoever he happens to be. The Saudis always fund former presidents’ libraries. I mean, the Saudis had a good thing going. They had relationships with every president, former president and so forth.

And while they were selling us oil, sometimes. Cooperative or uncooperative, depending on the time, with price. But during all of that, they were the primary thrust for Wahhabi Islam. Now, here comes MbS (Mohammed bin Salman, the Crown Prince of Saudi Arabia), and he wants to just reform the hell out of the country, get rid of Wahhabism, bring in petrodollars competitors such as Hollywood and Silicon Valley and basically bring Saudi Arabia into the twenty-first century instead of the seventh. And there’s some people that don’t want that to happen.

And from the 19th:

Wahhabi Islam is where the really radical clerics and Imams are who are welcoming anybody they can into their mosques and just literally converting them into suicide bombers, terrorists, and what have you, under the auspices of Islam. And the Saudi royal family stood by and let it all happen. Whether they were instrumental in advocating it, don’t know, but Saudi-funded charities all over the world promoted Wahhabism.

And that’s when I went back to Mr. Buckley and said, “I don’t see how the Saudi royal family, the Saudi government can be separated from these 19 hijackers.”

Now in the rest of these transcripts, which are very interesting, Rush explains that Khashoggi was a Muslim Brotherhood member, and as such, stood opposed to MbS’ reform plans and actions. However the brutality of the alleged murder of Mr. Khashoggi, and the official “State version” account of his death are almost equally brutal. Death by fists? How is it that the United States considers such people allies?

President Trump is on record as saying that this explanation by the Saudi government is “credible.” However, this statement alone is out of context, so we bring you the entire statement:

This is not to be misunderstood as a Trump endorsement of belief. He points out that this is a first step, and that in his view it is a good one, but that is all.

Still, these events throw the real nature of the Saudi kingdom into sharp relief. They are the number one customer for US military equipment, now considered allies against Iran. In the complicated field of Middle East relations, the president’s caution is probably very wise for the moment. However, this is a nation which produced most of the 9/11 hijackers, which is said to be the last voice in what Islam is, and so promotes a very violent interpretation of an already violent faith.

CLICK HERE to Support The Duran >>

The news and information media got a great lesson in following something like “due process” with this matter, and while the President is doing that, this situation still invites some strong speculation. Allies that simultaneously seek an allied nation’s destruction do not seem like allies much at all. And embassies are usually held to be very safe places for people, not places where they meet their death in any way at all, let alone the cruel means alleged and later claimed.

This event may actually be very damaging to the Saudi Crown Prince’s effort to bring his nation out of Wahhabism and into some more kind interpretation of Islam, and indeed the West’s assessment of Khashoggi has taken to calling him a “teddy bear” when he is a Muslim Brotherhood member. Former US President Obama supported the Muslim Brotherhood in Egypt, and these people were so violent, killing Christians and destroying homes and businesses, that the Muslim Brotherhood’s uprising was followed by a second uprising from the more reasonable people in Egypt (which Obama promptly dropped).

If reports are to be believed, Mohammed bin Salman wants to end Wahhabism. It would seem to logically make sense that his agencies were involved in what happened to Kashoggi, who is a known critic of bin Salman. But if it really is true that the Saudi royals were not involved, then whoever it was certainly succeeded in stopping bin Salman’s efforts to modernize his country, at least for now.

 

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

The future of war: UAE hires U.S. mercenaries to assassinate political leaders (Video)

The Duran – News in Review – Episode 137.

Alex Christoforou

Published

on

An investigation by BuzzFeed News has revealed that Middle East Monarchy, United Arab Emirates, hired U.S. mercenaries to assassinate political leaders and religious clerical leaders in war torn Yemen.

The U.S. ex-military, elite soldiers were paid by to kill those designated as “terrorists” by the UAE.

The UAE worked with the U.S. based mercenary-for-hire Spear Operations Group, founded by Israeli-American Abraham Golan, who told BuzzFeed News…

“There was a targeted assassination program in Yemen. I was running it.”

Spear Operations Group’s first target in Yemen was Anssaf Ali Mayo, the local leader of the Islamist political party Al-Islah, a party whose members include Nobel Peace Prize Laureate Tawakkul Karman.

Is this the future of war?

The Duran’s Alex Christoforou and International Affairs and Security Analyst via Moscow, Mark Sleboda discuss the stunning Buzzfeed News article that exposes the dangerous and dark assassination strategy of the United Arab Emirates, hiring American ex-soldiers to target and kill political enemies.

Remember to Please Subscribe to The Duran’s YouTube Channel.

Follow The Duran Audio Podcast on Soundcloud.

Authored by Aram Roston via BuzzFeed News…


The operation against Mayo — which was reported at the time but until now was not known to have been carried out by American mercenaries — marked a pivot point in the war in Yemen, a brutal conflict that has seen children starved, villages bombed, and epidemics of cholera roll through the civilian population. The bombing was the first salvo in a string of unsolved assassinations that killed more than two dozen of the group’s leaders.

The company that hired the soldiers and carried out the attack is Spear Operations Group, incorporated in Delaware and founded by Abraham Golan, a charismatic Hungarian Israeli security contractor who lives outside of Pittsburgh. He led the team’s strike against Mayo.

“There was a targeted assassination program in Yemen,” he told BuzzFeed News. “I was running it. We did it. It was sanctioned by the UAE within the coalition.”

The UAE and Saudi Arabia lead an alliance of nine countries in Yemen, fighting what is largely a proxy war against Iran. The US is helping the Saudi-UAE side by providing weapons, intelligence, and other support.

The press office of the UAE’s US Embassy, as well as its US public affairs company, Harbour Group, did not respond to multiple phone calls and emails.

The revelations that a Middle East monarchy hired Americans to carry out assassinations comes at a moment when the world is focused on the alleged murder of dissident journalist Jamal Khashoggi by Saudi Arabia, an autocratic regime that has close ties to both the US and the UAE. (The Saudi Embassy in the US did not respond to a request for comment. Riyadh has denied it killed Khashoggi, though news reports suggest it is considering blaming his death on a botched interrogation.)

Golan said that during his company’s months-long engagement in Yemen, his team was responsible for a number of the war’s high-profile assassinations, though he declined to specify which ones. He argued that the US needs an assassination program similar to the model he deployed. “I just want there to be a debate,” he said. “Maybe I’m a monster. Maybe I should be in jail. Maybe I’m a bad guy. But I’m right.”

Spear Operations Group’s private assassination mission marks the confluence of three developments transforming the way war is conducted worldwide:

  • Modern counterterrorism combat has shifted away from traditional military objectives — such as destroying airfields, gun emplacements, or barracks — to killing specific individuals, largely reshaping war into organized assassinations.
  • War has become increasingly privatized, with many nations outsourcing most military support services to private contractors, leaving frontline combat as virtually the only function that the US and many other militaries have not contracted out to for-profit ventures.
  • The long US wars in Afghanistan and Iraq have relied heavily on elite special forces, producing tens of thousands of highly trained American commandos who can demand high private-sector salaries for defense contracting or outright mercenary work.

With Spear Operations Group’s mission in Yemen, these trends converged into a new and incendiary business: militarized contract killing, carried out by skilled American fighters.

Experts said it is almost inconceivable that the United States would not have known that the UAE — whose military the US has trained and armed at virtually every level — had hired an American company staffed by American veterans to conduct an assassination program in a war it closely monitors.

One of the mercenaries, according to three sources familiar with the operation, used to work with the CIA’s “ground branch,” the agency’s equivalent of the military’s special forces. Another was a special forces sergeant in the Maryland Army National Guard. And yet another, according to four people who knew him, was still in the Navy Reserve as a SEAL and had a top-secret clearance. He was a veteran of SEAL Team 6, or DEVGRU, the sources told BuzzFeed News. The New York Times once described that elite unit, famous for killing Osama bin Laden, as a “global manhunting machine with limited outside oversight.”

The CIA said it had no information about the mercenary assassination program, and the Navy’s Special Warfare Command declined to comment. A former CIA official who has worked in the UAE initially told BuzzFeed News there was no way that Americans would be allowed to participate in such a program. But after checking, he called back: “There were guys that were basically doing what you said.” He was astonished, he said, by what he learned: “What vetting procedures are there to make sure the guy you just smoked is really a bad guy?” The mercenaries, he said, were “almost like a murder squad.”

Whether Spear’s mercenary operation violates US law is surprisingly unclear. On the one hand, US law makes it illegal to “conspire to kill, kidnap, maim” someone in another country. Companies that provide military services to foreign nations are supposed to be regulated by the State Department, which says it has never granted any company the authority to supply combat troops or mercenaries to another country.

Yet, as BuzzFeed News has previously reported, the US doesn’t ban mercenaries. And with some exceptions, it is perfectly legal to serve in foreign militaries, whether one is motivated by idealism or money. With no legal consequences, Americans have served in the Israel Defense Forces, the French Foreign Legion, and even a militia fighting ISIS in Syria. Spear Operations Group, according to three sources, arranged for the UAE to give military rank to the Americans involved in the mission, which might provide them legal cover.

Despite operating in a legal and political gray zone, Golan heralds his brand of targeted assassinations as a precision counterterrorism strategy with fewer civilian casualties. But the Mayo operation shows that this new form of warfare carries many of the same old problems. The commandos’ plans went awry, and the intelligence proved flawed. And their strike was far from surgical: The explosive they attached to the door was designed to kill not one person but everyone in the office.

Aside from moral objections, for-profit targeted assassinations add new dilemmas to modern warfare. Private mercenaries operate outside the US military’s chain of command, so if they make mistakes or commit war crimes, there is no clear system for holding them accountable. If the mercenaries had killed a civilian in the street, who would have even investigated?

The Mayo mission exposes an even more central problem: the choice of targets. Golan insists that he killed only terrorists identified by the government of the UAE, an ally of the US. But who is a terrorist and who is a politician? What is a new form of warfare and what is just old-fashioned murder for hire? Who has the right to choose who lives and who dies — not only in the wars of a secretive monarchy like the UAE, but also those of a democracy such as the US?

BuzzFeed News has pieced together the inside story of the company’s attack on Al-Islah’s headquarters, revealing what mercenary warfare looks like now — and what it could become.

Full Story at BuzzFeed News…

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

JOIN OUR YOUTUBE CHANNEL

Your donations make all the difference. Together we can expose fake news lies and deliver truth.

Amount to donate in USD$:

5 100

Validating payment information...
Waiting for PayPal...
Validating payment information...
Waiting for PayPal...
Advertisement

Advertisement

Quick Donate

The Duran
EURO
DONATE
Donate a quick 10 spot!
Advertisement
Advertisement

Advertisement

The Duran Newsletter

Trending