With each migrant having an estimated four to eight family members that could be permitted to enter, the total number resettled could ultimately top seven million.
Refugee influx faced by Germany will be almost twice the official estimate, according to leaked government figures
From National Review Online, By Victor Davis Hanson, July 12, 2012 – We are witnessing a seismic shift in global affairs. The shake-up is a perfect storm of political, demographic, and technological change that will soon make the world as we have known it for the last 30 years almost unrecognizable.
Since the mid-1980s there have been a number of accepted global constants. The European Union was assumed to have evolved beyond the nation-state as it ended the cycle of militarism and renounced free-market capitalism. With its strong euro, soft power, and nonaligned foreign policy, the EU was praised as a utopian sort of foil to the overarmed U.S. with its ailing dollar.
Germany’s central bank has shot down EU proposals for a European banking union, warning categorically that eurozone liabilities cannot be shared without a fundamental shift towards fiscal and political union.
Andreas Dombret, a key board member of the Bundesbank, said the grand plan by Brussels is premature and unworkable as constructed.
“It has to follow a deeper fiscal union as it would imply significantly increased risk sharing amongst countries,” he told a Bank of America conference in London.
A defiant Angela Merkel is doing no more than defending the interests of her own electorate.
Let’s say this again, just in case a single sentient being on the planet has missed it: Germany cannot simply decide to bail Greece (or Spain, or Italy, etc) out of its debts. OK? However much Angela Merkel is nagged, berated, bullied and patronised by Barack Obama, David Cameron, or the BBC/Guardian axis that regard the preservation of the euro project as critical to their own interests, she cannot just revoke, in a unilateral act, the rules of German government or of the Bundesbank.
Germany’s ruling parties are to introduce a resolution in parliament blocking any further boost to the EU’s bail-out machinery, vastly complicating Greece’s rescue package and risking a major clash with the International Monetary Fund.
“European solidarity is not an end in itself and should not be a one-way street. Germany’s engagement has reached it limits,” said the text, drafted by Chancellor Angela Merkel’s Christian Democrats and Free Democrat (FDP) allies.
PM told to stand up to Nick Clegg and block eurozone members from using EU institutions to police their new fiscal compact
From guardian.co.uk, by Nicholas Watt, chief political correspondent, Monday 12 December 2011 15.44 EST – Eurosceptic ministers are to tell David Cameron to stand up to Nick Clegg and block the 17 members of the eurozone from using the institutions of the EU to police their new fiscal compact. Continue reading →