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Trouble in paradise

“We need the financial industry to be honest with us,” she told a conference in Berlin. “If we don’t get honesty, then we might not do the right thing technically but we will do the right thing politically.”

Wolfgang Schäuble, her finance minister, defended Germany’s sudden move. “If you want to drain a swamp, you don’t ask the frogs for an objective assessment of the situation,” he told reporters. ft

The Krauts really shouldn’t talk to the French like that

EU, Germany deny Greek bailout plans

just-say-no

Breaking News-ASR

The question of EU financial aid to debt-stricken Greece is marred by contradictory reports of a bailout. The European Commission and the German government both denied the existence of an alleged €20-25 billion bailout plan as an EU mission landed in Greece yesterday (22 February) to assess the country’s rescue plans.

A Commission official denied allegations that the EU is reviewing a bailout package for Greece to the tune of €20-25 billion after the Germany’s Der Spiegel magazine allegedly got hold of a paper from the country’s finance ministry detailing the terms of Berlin’s contribution.

The EU formalised its support for a Greek rescue, should the time come, at an EU summit two weeks ago, but member states refused to say how much a bailout could cost and how the money would be raised (EurActiv 17/02/10).

“Greece has not requested a single euro,” the Commission official told the press, rejecting claims that calculations of individual member states’ shares of a bailout were afoot.

German finance ministry denies ‘concrete plans’

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Hitler's definition of democracy

Hitler, February 1945

Hitler, in speeches in Nuremberg and Munich, has given us definitions of democracy, yet these definitions are nowhere near explicit or conclusive. “Democracy in our eyes is a regime that is supported by the will of the people.(My New Order, 554) It is unclear as to whom Hitler means by “our eyes…”; one can assume he is talking of the German people. Furthermore, according to Webster, a regime is simply “a form of government or administration”. Hitler’s definition, in turn, becomes simple and obvious; the above definition taken literally does not waver from the consensus definition mentioned in the introduction; in fact it is broader, leading one to suggest that the word “regime” had negative connotations that were lost in the English translation.

Fortunately, Hitler has given us a more intricate definition of democracy, even likening it to an aqueduct or blood vessel: “Democracy is the canal through which bolshevism lets its poisons flow into the separate countries and lets work there long enough for these infections to lead to a crippling of intelligence and of the force of resistance.(My New Order, 405)

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