Category: EU

‘A Green Wave Has Swept the European Parliament’: In Show of Demand for Climate Action, Green Parties Surge in EU Elections | Common Dreams News

"The Green Wave has swept across Europe. We want to thank everyone who has voted for change and climate action," Ska Keller, one of the Greens' leading candidates for European Commission president, said in a statement Sunday following four days of continent-wide voting. (Photo: European Greens)

via ‘A Green Wave Has Swept the European Parliament’: In Show of Demand for Climate Action, Green Parties Surge in EU Elections | Common Dreams News

Anti-Semitism on the rise in Europe along with racism in general

In Australia Murdoch media the largest media group in Australia happily allowed Andrew Bolt promote and give a platform to Southern, and Molyneus and News Corp did the same with Blair Cotteral why? The purpose is to increasingly fragment us culturally rather than allowing us to unite economically the difference between democratic equity and fascist constraint Internationalism and Nationalism  (ODT)

In Austria this year a state-level branch of the ruling far-right Freedom Party of Austria proposed a new law requiring Jews to register with the government if they wanted to buy kosher meat (the same rule would apply to Muslims buying halal meat). One of the party’s candidates in January’s national election had stood down after it was revealed he was a member of a fraternity whose songbook included lyrics about killing Jews, including “step on the gas, we’ll manage the seventh million”. He claimed not to have read all the pages.

In Germany, the increasingly popular far-right party AfD recently disciplined some of its local politicians for exchanging Nazi and anti-Semitic imagery and messages on WhatsApp. There are police guards outside Berlin synagogues and violent attacks on Jewish children in German schools.

via Anti-Semitism on the rise in Europe along with racism in general

Rise of the right: Austria’s election results & their implications for Europe — RT News

So now Brussels in fact stands before a simple but at the same time difficult choice, the analyst believes: either to keep its liberal asylum policies and to “see Schengen going down” or to shift to the right and “save Schengen.”

Source: Rise of the right: Austria’s election results & their implications for Europe — RT News

Brexit: UK finance firms have started applying for Irish licences | The Independent

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Ireland’s central bank has been receiving applications for licences from UK authorised financial firms seeking to relocate from London in the wake of the UK vote to leave the EU, a top official said on Thursday. Cyril Roux, the deputy governor of the Central Bank of Ireland, said that “several” UK based firms have started the application process to be authorised in Ireland.

Source: Brexit: UK finance firms have started applying for Irish licences | The Independent

Europe can learn from Australia’s border policy. But not by listening to Abbott | Melissa Conley Tyler | Opinion | The Guardian

Tony Abbott is wrong that European leaders can solve the refugee crisis by mimicking his policies. Here are the real lessons Europe can learn from Australia

Source: Europe can learn from Australia’s border policy. But not by listening to Abbott | Melissa Conley Tyler | Opinion | The Guardian

‘Jumpy Europe jumping to conclusion that every violent incident an act of terrorism’ — RT Op-Edge

Europeans are understandably anxious about the ongoing terrorist threat across the continent, so when something explosive happens, people are quick to conclude that another bomb has gone off, says Annie Machon, former MI5 agent.

Source: ‘Jumpy Europe jumping to conclusion that every violent incident an act of terrorism’ — RT Op-Edge

Far-right candidate narrowly defeated in Austrian presidential election | World news | The Guardian

Alexander Van der Bellen, a former Green party leader running as independent, pips the Freedom party’s Norbert Hofer

Source: Far-right candidate narrowly defeated in Austrian presidential election | World news | The Guardian

Tens of thousands march in Warsaw against anti-European reforms – ABC News (Australian Broadcasting Corporation)

Tens of thousands of people march in Warsaw to protest against Poland’s conservative government.

Source: Tens of thousands march in Warsaw against anti-European reforms – ABC News (Australian Broadcasting Corporation)

In Greek crisis, Germany should learn from its fiscal past

Opinion

Supporters of Germany’s left-wing Die Linke party, hold placards as they show their support to Alexis Tsipras, leader of Syriza left-wing party after his speech to supporters in central Athens, late Sunday, Jan. 25, 2015. The placard, center, reads in German: ‘This is really a goodnight Mrs Merkel’. (Lefteris Pitarakis/AP)

If you made a list of countries you hope have learned from their past hundred years of mistakes, Germany would have to be at the top. Happily, the staunch opposition to a nativist fringe that the nation’s government and citizenry have shown in recent weeks makes it clear, again, that Germany understands the costs of bigotry and the virtues of tolerance.

Unhappily, it has not learned the costs of a mad adherence to fiscal orthodoxy, despite the fact that its prosperity is rooted in the decision of its World War II adversaries to allow West Germany’s postwar government to write off half of its debts.
Harold Meyerson writes a weekly political column that appears on Thursdays and contributes to the PostPartisan blog. View Archive

Indeed, the policies that Angela Merkel’s government have inflicted on the nations of Southern Europe could not be more different from those that European leaders and the United States devised in the early 1950s to enable West Germany to rebuild its damaged economy. Since the crash of 2008, Germany, as Europe’s dominant economy and leading creditor, has compelled Mediterranean Europe, and Greece in particular, to sack their own economies to repay their debts.

Germany’s insistence has reduced Greece to a condition like that of the United States at the bottom of the Great Depression. Unemployment has soared to 25 percent, and youth unemployment to more than 50 percent ; the economy has shrunk by 26 percent and consumption by 40 percent. Debt has risen to 175 percent of the nation’s gross domestic product. And the funds from the loans that Germany and other nations have extended to Greece have gone almost entirely either to cover interest payments or repay past loans; only 11 percent has actually gone to Greece’s government. Stuck on a treadmill of debt repayment and anemic economic activity, Greece, as the Financial Times noted, has been reduced to a “quasi-slave economy” run “purely for the benefit of foreign creditors.”

Not surprisingly, when Greek voters went to the polls Sunday, they elected a new government that is demanding a renegotiation of its debt. German and European Union officials have responded with adamant opposition to any such changes.

Fortunately for Germany, its own creditors took quite a different stance after World War II. In the London Debt Agreement of 1953, the 20 nations — including Greece — that had loaned money to Germany during the pre-Nazi Weimar Republic and in the years since 1945 agreed to reduce West Germany’s debts by half. Moreover, they agreed that its repayments could not come out of the government’s spending but only and explicitly from export income. They further agreed to undervalue the German mark, so that German export income could grow. By the consent of all parties, the London Agreement, and subsequent modifications, were crafted in proceedings that made West Germany an equal party to its creditors: It could, and sometimes did, reject the creditors’ terms and insist on new negotiations.

The United States was particularly insistent on making the terms of West Germany’s repayments as lenient as possible. It needed the nation to be a strong ally in the Cold War. Besides, West Germany’s government, headed by Christian Democrat Konrad Adenauer, was (presumably) Nazi-free. To further punish Germany, its onetime mortal enemies concluded, was strategically — and, just maybe, morally — unwise.

No such scruples have informed Germany’s current policies toward Greece. As a member of the euro zone, Greece cannot undervalue its currency, and rather than enabling Greece to increase its exports, Germany has done everything possible to increase its own trade balance with Greece and its European neighbors. Far from rebuilding the economies of Southern Europe, Germany pillaged them in the name of fiscal rectitude.

But the considerations that informed Germany’s creditors six decades ago are just as pertinent today. Strategically and economically, it would be a disaster for Germany if Greece were compelled to repudiate its debts and leave the euro zone, as such a move would threaten the zone’s continued existence. The new Greek government represents at least as clean a break with Greece’s previous mis-rulers as the Adenauer government did with Hitler’s. Its early appointments signal a novel development in Greek governance: a fight against the corruption and crony capitalism that have long corroded the nation’s economy.

Why can’t Germany apply the lessons of its own past to today’s economic challenge? As Jurgen Kaiser noted in a brilliant paper for the think tank of Germany’s Social Democrats, “little knowledge about Germany’s debt relief is to be found among the broader public in Germany.”

The world will be a better place when Germans know their history — all of it.

Read more from Harold Meyerson’s archive or follow him on Twitter.

Read more on this topic:

The Post’s View: The German-Greek standoff over the debt crisis

Robert J. Samuelson: Greece puts austerity on trial