Germany’s Stranglehold on EU Tightens
Nearly two years ago, in the wake of Greece’s trip to the edge of financial Armageddon, the Trumpetexplained that Germany was largely responsible for the economic woes besieging Greece and the eurozone.
“Berlin has been planning for this crisis before it even adopted the euro,” wrote editor in chief Gerald Flurry. “The crisis in Greece is a forerunner of a whole rash of similar crises set to soon break out across Europe,” he warned, and these economic crises will “provide the catalyst for the EU’s leading nation, Germany, to rise to the fore with solutions of its own making.”
Since then, Germany has clearly and unapologetically risen to the fore with “solutions of its own making.” Berlin has virtually mandated the activation of austerity measures by national governments throughout the eurozone. It continues to heavily influence the policy decisions of the European Central Bank, the institution responsible for managing the euro.
In Brussels on October 29, Germany forced another hugely significant “solution” on the European Union.
Under the new German-designed initiative, which EU member states were pressured to accept, the Lisbon Treaty will be revised to create new rules and mechanisms to protect the euro. Some say this new EU mechanism, and the required change to the EU treaty, is benign, and merely a course of action designed to prevent Germany’s constitutional court from blocking future bailouts.
They’re wrong—this German-designed initiative will tighten Berlin’s stranglehold on the European Union!
In its analysis of this new proposal, Stratfor wrote that it would “give Germany considerable influence over the financial future of its fellow EU member states” (November 4).
Stratfor continued (emphasis ours):
German Chancellor Angela Merkel said November 1 that bondholders and investors would be expected to shoulder the costs of bailing out EU member states in the future. … In the context of the planned changes to the eurozone fiscal rules agreed upon at the EU leaders’ summit in Brussels … the comment indicates that Germany is designing a post-crisis economic structure in Europe under which Berlin will decide the fates of its fellow eurozone neighbors.
This mechanism will function like the International Monetary Fund (imf) for Europe, and with it, Berlin, like Washington for the imf, would be planted firmly in the driver’s seat.
If you’re interested in the details of this proposal and its effect on the EU, you can access a free copy of Stratfor’s article here. For those interested in learning the broader implications of this proposal on the EU, know this: Under this new initiative, Berlin “would have control over both the financial life and death in the eurozone” (ibid.).
In his December 2008 article, Mr. Flurry concluded with a warning: “Watch Germany. Watch for Germany to be at the helm in a restructuring not only of EU member nations’ economies, but of the entire European Union itself! That union will be united and then guided by the Vatican. … Biblical prophecy declares that the result will be a European superstate with Germany at the helm. And that is not good news for America, Britain and the little nation called Israel.”
Needless to say, we stand by that warning.