Germany sliding into ‘dangerous’ anti-Europe hysteria warns top economist


Isobel Schnable – worried about anti EU mood in Germany

As Germany’s economy continues to stutter one of the country’s top economists has warned the country is desending into “anti-Europe hysteria” amid growing criticism in the country of the European Central Bank (ECB) and surging support for the Eurosceptic, anti – immigration AfD Party.

Marcel Fratzscher said the entire European Union would be damaged by the backlash against the ECB’s austerity policies and the cost to Germany of propping up the single currency. Mr Fratscher is chief of the German Institute for Economic Research in Berlin and has also been an executive of the Eurozone’s central bank. He told UK financial newspaper The Financial Times: “Germany is sliding into a dangerous anti-Europe, anti-ECB mood, which threatens to damage the ECB’s credibility, the Euro an ultimately all of Europe.”

The warning comes less than two weeks after Chancellor Merkel’s ruling coalition suuffered heavy defeats intwo regional elections and Germany’s newly appointed ECB board member Isabel Schnabel called on her fellow economists to tone down their scathing analysis of the ECB’s performance. Ms Schnabel, an economics professor at the University of Bonn, predicted a crisis for the Euro if Germans did not take a step back to reflect on their country’s direction. Unfortunately for EU fans in Germany, voters have had years to reflect on the direction in which Merkel is leading the country and have decided they do not like it.

In an attempt to appeal to other German economists Schnable tweeted: “Dear fellow German economists, if you are wondering what you can do for Europe: Please help to dispel the harmful & wrong narratives about the ECB’s monetary policy, floating around in political and media circles. These threaten the euro more than many other things.”

This is rather spurious as nobody takes any notice of economists because they are always wrong. And the voters are in no mood to listen.

Unfortunately, the majority of Germans are opposed to further political and economic integration of EU member states, the country is politically polarised and with left and right more opposed to the idea of working with each other to bring down the government than they are to allowing Merkel’s centrist coalition to blunder on with the country politically paralyzed, it seems things can only get worse. In another blow to The Chancellor, her main coalition partner, the Social Democrats (SDP) this week lurched to the left by electing a far left candidate as its leader.

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Merkel to German Parliament: We Have to Take Away your Freedom of Speech or We Won’t Be Free

Angela Merkel Says Freedom of Speech Must be Curtailed to Keep Society Free

Angela Merkel in front of the Bundestag (Picture: Deutsche Welle)

German Chancellor Angela Merkel delivered an emotional speech to the German Budestag this week on a subject obviously close to her heart, the need for limiting freedom of speech to suppress criticism of policies implemented by her government and the EU commission.

Since the departure of Barack Obama, Merkel has set herself up as leader of the globalist and Cultural Marxist movements on the international stage.

The Chancellor argued that the government must take away freedom of speech to save preserve the freedom of the free world, or something. Given that the topics she currently wants to slience dissent on are her catastrophic ‘open doors’ immigration policy and the EU’s effort to force European nations and people to accept Islam and assimilate to Islamic values.

Merkel told German politicians: “For those who claim they can no longer express th”eir opinion, I say this to them: If you express and pronounced opinion, you must live with the fact that you will be contradicted. Expressing an opinion does not come at zero cost. But freedom of expression has its limits. Those limits begin where hatred is spread. They begin where the dignity of other people is violated. This house will and must oppose extreme speech. Otherwise our society will no longer be the free society that it was.

The problem Merkel, along with other left wing authoritarians have with their use of “hate speech” (apart from the usual lefties hypocrisy and double standards,) is that ‘hate’ is a very loose concept. Because the left see their route to establishing an authoritarian global government as being eased by importing millions of  unskilled, uneducated, illiterate, fanatically religious Muslims from Africa, the middle east and South East Asia and using their clerics to manipulate opinion and also disrupt and divide national communities.

Thus people like Merkel, France’s Macron, Jeremy Corbyn and The Labour Party in the UK and the Democratic Party in the USA are quick to define as “hate speech” anyone suggesting uncontrolled immigration is not a god idea but are happy to allow Islamic Preachers to call on Muslims to rise up and “kill all infidels,” or encouraging Muslim men to rape European secular and Christian women.

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German Farmers Eco – law Protest Gridlocks Hamburg

German farmers today brought the city of Hamburg to a standstill by dribing their tractors into the city and parking on arterial roads thus preventing movement in and out. The tractors protest was organised to show depth of feeling against new EU environment regulations aimed at greening the economies of successful nations in order to comply with the fairy tale dreams of opinion makers like the handlers of Greta Thunberg.

Ideas of creating a carbon neutral environment by 2030, which obsess EU leaders, and globalist politicians in member states, (who all have their sounts in the trough of tax money and thus are insulated form the harsh economic realities of fulfilling green dreams.

As new rules aimed at shifting more and more money making enterprise from Europe to third world countries (where they don’t give a flying fuck about the environment,) a revoultion against the surreal goals of globalism is spreading across Europe. And it is starting among the people we depend on to produce our food in the rural communities. Farmers are among those hardest hit by the new restrictions being imposed by eco – loons.

The Hamburg protests, like the ones we reported a couple of weeks ago, which hit 17 cities across Germany,  involved angry farmers driving tractors onto the streets, blocking  major roads and bridges.

4,000 tractors arrived in Hamburg yesterday in a massive rebuke to what protesters assert is government bullying amidst efforts to impose Green New Deal-style control measures

The farmers claim that new environmental protection rules will damage their business. The measures, put forward by Angela Merkel’s unpopular government at the behest of the EU’s central bureaucracy,, will limit the use of certain weed killers in order to protect field birds, like Eurasian skylarks, lapwings and partridges, as well as some insects.
The protesters say that small family farms will be hit the most, and demand the government to drop the “farmer-bashing” agenda. “We’re not animal killers and polluters,” the farmers leaders said.
Amid the protests, Environment Minister Svenja Schulze promised to help farmers adapt to the new policy and invited them to discuss how to make their businesses “environmentally friendly.” Regional environment ministers were meeting yesterday to discuss  plans to ban certain weed killers and fertilizers, something that farmers insist will kill their livelihoods.

Placards displayed on the tractors included one that read, “No farm, no food, no future,” with farmers expressing their fury at being blamed while their contribution to the economy is ignored and ministers refuse to meet them and lidten to their concerns.

“The rules, which are coming from the German government, are so hard for us that we can’t work on our farms,” Klaus-Peter Lucht, Vice President of the regional Farmers Association, told RT.

“We can’t make good crops. We can’t have good fodder for the dairy [cows].”

The kilometer long convoys of tractors in Hamburg caused “considerable traffic disruption” across the city, according to authorities.

Hamburg is just the latest site of a rural revolt against globalism that is sweeping Europe.

Last month, thousands of Dutch farmers descended on the Netherlands capital to protest against a government proposal that livestock production be slashed by up to 50% in the name of mitigating the contribution of cow farts to global warming.

Demonstrators were angry that the same restrictions they may be hit with will not apply to the aviation industry. This is particularly infuriating as the people stopping farmers making a living enjoy flying round the world in private jets, to lecture the “ignorant, unwoke masses” on the sacrifices WE MUST MAKE for the sake of the planet

The Yellow Vest movement in France, which is set to mark its first anniversary this weekend, also began as a backlash against onerous gas tax hikes and other regulations impacting rural workers.

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German Region Thuringia Election Result Heralds The Collapse Of Germany

We have reported the growing likelyhood of an economic and social collapse in Germany both here and in our Daily Stirrer pages, but nothing has pointed towards that inevitable conclusion to Merkel’s mess and the accompanying disintegration of the European Union more strongly than the results of last weekends regional electioons for the state government of  Thuringia, a province in the north east of the country.

The near collapse of the two centrist parties, Angela Merkel’s CDU and the Social Democrats (SPD), which for decades dominated German politics, looks like a omen of what lies ahead in German politics and EU politics.

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A majority in Thuringia, ruled by the CDU since the early 1990’s until 2014 when Die Linke took over with the Social Democrats and the Greens, just voted against the centrist, Merkelist, grand coalition of standing for nothing but globalism and tighter EU integration.

Die Linke (a coalition of hard left Marxists and other left of centre extremists,) and Alternative for Germany (AfD) secured more than 54% of the total vote. Die Linke, the remnant of the East German Communist Party, and AfD, the new face of Eurosceptic nationalism, anti-immigration and fiscally responsible Germans, took first and second place ahead of Merkel’s CDU.

(source Wikipedia via  Thüringer Landesamt für Statistik – Thuringer statistics office)

Whereas in 2014, Die Linke formed a government with the SPD and the Greens, today they cannot, the grouping falls 4 seats short of a majority, and the Greens barely beat the 5% threshold for representation.  Had they not the coalition calculus would be unsolvable.

Merkel and the CDU, though they beat old rivals the SDP by a big margin will exclude themselves from the state government as the Europhile leadership categorically refuse to make a deal with AfD in any capacity, the sticking point being Merkel’s blinkered committent to her open doors immigration policy which has been the cause of so many of the country’;s social and economic problems.  It looks as if Turingia will be without an effective government for some time. The situation is just as bad in Brandenburg which voted in September and where the establishment has effectively blocked a coalition that contains the anti – EU Alternatif fur Deutschland.

This is becoming a trend in the EU where Spain, Belgium, Portugal and Italy are without effective governments because of undemocratic meddling in election results by Brussels.

In both German states, complex coalitions of incompatible parties will be needed the formation of any government and with at least four parties involved, to cobble together a majority on any controversial issue will be almost impossible because the only thing they agree on  is their refusal to collaborate with with AfD.  Lower Saxony will likely retain its current coalition between Merkel’s CDU, the SPD and the Greens after their election last month, although the demands of the Greens as their price for joining such a coalition, environmentalist reforms that will be ruinous for the local economy, are likely to be unacceptable to CDU and SDP representatives. .

These, and other recent regional election results in Germany all highlight the direction the country’s voters are moving, away from Brussels and Euro – Federalism and towards nationalism and a reclamation of national sovereignty. Voters are also repulsed by the mainstream party’s making impossible promises to everyone and reneging on them in order to advance “the European project,” by transforming the 27 member states into a federal republic, and against the Islamification of German society which is Merkel’s legacy.  As Alexander Mercouris of The Duran pointed out the other day, Merkel’s modus operandi is to hold the line on the status quo regardless of the social mayhem her policies are creating around her.

That has created a a situation where an illusion of stability and control is projected on the surface on the surface while is teetering on collapse with every new social development or item of economic news.

For years now, since the immigration crisis broke, the Hausfrau Volksfuhrer has been trying to keep the European project moving towards “ever closer integration” while ignoring domestic problems or pretending all bad news is just a “far right conspiracy theory.”  But in trying to keep things as they are in the world outside Germany, she’s let allowed Germany’s internal problems to run out of control.

Germany’s state elections this autumn in Germany have been not only been a a disaster for Merkel, they have also encouraged an upsurge in opposition to the EU central bureaucracy throughout Europe. Member states know that without German money propping up the EU, the organisation cannot survive. And with the UK, the second largest net contributor to EU funds after Germany about to leave, the burden has become unsupportable for the faltering German economy. And that is making thevpolitical situation even more unstable.

Look back to the aftermath of the 2017 national election and how hard it was for Merkel to put a ruling coalition together, leaving the EU’s most economically powerful member state without an effective government for over six months.  Some commentators predicted the end of Merkelism but somehow Merkel survived at the head of a fragile and unconvincing coalition The problems she’s facing now were just as acute then. but she chose to paper them over with yet another disastrous coalition with the Social Democrats and CSU.

What’s clear is that political opinions about the future of Germany are hardening away from the consensus politics Merkel’s Party and the SDP have been selling in fact the collapse of the SDP, once the default party of government is even more astounding than the decline of Merkel’s CDU.

The event most likely to trigger the collapse and fragmentation of Germany will be the failure of Deutschebank, the financial giant that, saddled with mountains of debt run up by the EU’s basket case economies, has been effectively insolvent for some time. There’s nothing quite as potent in destroying confidence than the failure of a major financial institutions, and in this case, when (not if,) the bank fails, the figer of blame will be pointed at the globalist government in Berlin.

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German farmers roll out HUNDREDS of tractors, bring cities to a halt, protesting new EU eco-rules


Picture © Thilo Schmuelgen / Reuters  via RT

Angry farmers brought trasffic to a standstill by driving tractors slowly through German cities in protest of new green laws aimed at protecting birds and insects. Protests were organised in 17 cities across Germany, the largest in Bonn, where the Agriculture Ministry HQ is located. Angry farmers rolled out around 1,000 tractors onto the streets, blocking several major roads and bridges.
The farmers claim that new environmental protection rules will damage their business. The measures, put forward by Angela Merkel’s unpopular government, will limit the use of certain weed killers in order to protect field birds, like Eurasian skylarks, lapwings and partridges, as well as some insects.
The protesters say that small family farms will be hit the most, and demand the government to drop the “farmer-bashing” agenda. “We’re not animal killers and polluters,” the farmers leaders said.
Amid the protests, Environment Minister Svenja Schulze promised to help farmers adapt to the new policy and invited them to discuss how to make their businesses “environmentally friendly.”

Disastrous Manufacturing Figure Herald German Economic Recession

Germany has long been the prop that held up the economically feeble EU, in which more than helf the 27 members that will remain in the bloc after Britain leaves are economic basket cases (some due only to the strictures of Eurozone membership, others because of the traditional weakness of their national economies,) so with Germany slipping towards the recession we and other well informed blogs and news site have predicted since Merkel’s ‘open doors’ immigration policy allowed a couple of million iliterate, uneducated, unskilled and unemployable immigrants to flood into the country, incresing the bill for welfare services exponentially, problems for Germany’s high – tech manufacturing led economy which needs highly skilled, well educated and adaptable workers and professionals was inevitable.

When we wrote about the early signs of recession in the German economy we were scoffed at, called far – right nut jobs and conspiracy theorists, and inevitably, racists because anyone but a racist would know that a couple of millon unemployable immigrants living on benefits can only boost a high – tech economy.

Today, for all the auusurances by Europhile politicians and bureaucrats that everything in the European Union is on the up and up, Germany is on red alert for recession following the biggest collapse in activity for its mighty industrial sector since the financial crisis. Technically Germany already is in recession, they’re just not willing to admit it.

The eurozone’s bigge,t and most powerful economy relies on exports but its car industry has been punished by a slowing global economy,   government policies promoting electric vehichles which nobody want to buy because they are hideously expensive and useless, and the fallout of the trade war between the US and China.

Financial information service IHS Markit’s latest snapshot of Germany’s manufacturing growth – where a score under 50 signals contraction – dipped to 41.4, its worst level since 2009, as demand from non – EU trading partners slumped. There were also worrying signs that the manufacturing slump is spreading to the service sector after firms in that sector experience their first fall in new business since 2014.

Confidence among German businesses is the weakest since 2012, private sector job creation is stalling after six years of growth and companies are eating into backlogs as new orders begin to dry up, the figures showed.

Germany’s economy shrank an overall 0.1pc between April and June. Monday’s dire survey data comes after recent official figures showed a sharp 0.6pc drop in industrial production in July.

Phil Smith, principal economist at IHS Markit, said Germany’s manufacturing data was “simply awful”, with combined readings for services and manufacturers “firmly in contraction territory” and the weakest for almost seven years.

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Cracks In EU Unity Facade Are Beginning To Show

Coincidental with the bizarre events in the UK’s Supreme Coirt, where judges tried to usurp the power of parliament to themselves in a globaloist bid to stop Brexit, the economic situation in Europe, which as we have reported many times is dire, has entered into a critical period.  With one of the two net contributors o the EU treasury about to leave,Germany, which for decades has propped up the bloc financially as more and more economic basket cases were absorbed into Brussels’ wannabe empire, has stumbled into if not actually a recession then something very like one

Year on Year (YoY) growth in the German economy, from July 2018, July 2019 is 0.4% – what you would expect in the middle of a depression, and significantly less than the official inflation rate (while the real rate of inflation is, predictably, higher still. UK growth figures are slightly better coming in at 1.2%. Poor old Italy recorded a GDP growth of -0.1% YoY, (that’s a minus sign by the way).

Italy has a Debt-to-GDP ratio of 132% and finally France with a growth rate of 1.4% and a debt-to-GDP of 97% is effectively broke. That’s the big four in the EU/Eurozone.

So, the biggest economies in EU/Eurozone have a growth rate ranging from -0.1% to 1.4%. Oh, and I almost forgot negative interest rates are now becoming the norm in The Eurozon and 85% of German Bunds are non-performing and/or at negative interest rates.

Inexplicably the ECB is getting geared up for another round of QE, which means that the euro is going to be devalued. Of course, the Americans aren’t going to be best pleased with this turn of events but doubling down on the policy that failed is par for the course with the EU. Only a few years ago they decided the way to resolve the problem of mass immigration was ………… more mass immigration, and are currently proposing more politicalintegration of member states to counter the resurgence in nationalism triggered by …………….. wait for it ………………. forcing political integration on member states.

By failing to support US trade tariffs on nations that have pissed off Washington, the EU has involved itself peripherally in the US tade war with the world. but this can onlu=y increase problems. Germany in its present economic travails, and lined up to take the biggest economic hit from Brexit, is not going to welcome any increased costs for its export industries.

Most importantly this includes the cost of the raw material essential to Germany’s manufacturing/export sector. Natural Gas and oil are piped to Germany from Russia and the construction the of Nordstream 2 pipeline, which the US wants to alt to put Putin in his place, is crucial to the German economy. America wants to force Germany to buy more expensive, less reliable, Liquified Natural Gas (LNG) by taking alternative suppliers out of the picture and is threatening to impose sanctions on any company and/or state to get their own way.

GERMANY’S ENTSCHEIDUNGSZEIT (DECISION TIME)

This is a clearly a case of “deja vu all over again” and a moment of truth for the Germans. Do they do what the Americans tell them, which would be economic suicide, or will they pursue their national interests and give Uncle Sam the finger. This was precisely the setting in 1985 though with Japan then the object of US financial and economic destabilisation.

The Plaza Accord was a joint-agreement, signed on 22 September 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United States, and the United Kingdom, to devalue the U.S. dollar in relation to the Japanese yen and German Mark. The resulting recessionary impact which pushed up the value of the Yen against the dollar in Japan’s export-dependent economy.

This created an incentive for the expansionary monetary policies that led to the Japanese investment bubble of the late 1980s. The Plaza Accord triggered the Japanese asset price bubble, which progressed into a protracted period of deflation and low growth in Japan known as the first Lost Decade. Has Germany, and by implication Europe learned the lesson one wonders?

Bearing this in mind it should also be noted that Germany is a big investor in Russia.

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