Wolfgang Schäuble – Page 2

The Myth Is Over: Europe Fails To Agree On Greece

November 21, 2012 by Infinite

– The Myth Is Over: Europe Fails To Agree On Greece (ZeroHedge, Nov 20, 2012):

Given our earlier comments, it is hardly surprising but the Eurogroup meeting just ended and there is no agreement; headlines via Bloomberg:

*FRIEDEN SAYS NO DECISIONS REACHED TODAY ON GREECE BY EUROGROUP

*FRIEDEN SAYS EURO FINANCE CHIEFS TO CONTINUE TALKS ON MONDAY

*SCHAEUBLE SAYS EUROGROUP UNABLE TO REACH CONCLUSIVE AGREEMENT

*LAGARDE SAYS MORE WORK NEEDED FOR GREEK SOLUTION

EURUSD is tumbling (as are S&P 500 futures in their oh-so-correlated manner)

Of course, Juncker has his own spin:

Read moreThe Myth Is Over: Europe Fails To Agree On Greece

Overnight Sentiment: Hoping There Is Hope

September 4, 2012 by Infinite

The truth Mr. Schäuble is that …

– The ESM Violates The Law And EU Treaties (Welt, Sep 4, 2012)

– Overnight Sentiment: Hoping There Is Hope (ZeroHedge, Sep 4, 2012):

Yesterday we dedicated significant space to the most recent piece of perfectly ludicrous propaganda out of the ECB, namely that monetizing debt with a maturity up to three years is not really monetization but is instead within the arena of “money market management” (images of Todd Akin defining when something is ‘legitimate’ and when it isn’t swimming our heads). The implication of course is that debt under 3 years is not really debt, but some mystical piece of paper that nobody should be held accountable for. Hopefully all those consumers who have short-maturity credit card debt which nonetheless yields 29.95% APR are made aware of this distinction and decide to follow through with Mario Draghi’s logic, which is about to take the war of words between Germany and the ECB to the next level. Sure enough, this is precisely the news item that is dominating bond risk markets this morning, if not so much futures, and sending Spanish and Italian 2s10s spreads to record wides on hopes Draghi will definitely announce some sub 3 year monetization program for the PIIGS. Bloomberg summarized this best last night when it commented on the move in the EURUSD, since retraced, that we now have speculation Draghi’s move will bolster confidence. In other words: the market is now hoping there is hope. Sure enough, even if Draghi follows through, for the ECB to monetize Spanish bonds, Spain still has to demand a bailout, which however is now absolutely out of the question as mere jawboning has moved the entire highly illiquid curve so steep Rajoy (and Monti) have absolutely no reason to hand over their resignations (i.e., request a bailout). And so we go back to square one. But logic no longer matters in these markets.

Read moreOvernight Sentiment: Hoping There Is Hope

The European Headlines Are Back: ‘The Euro Crisis May Last 20 Years’

August 19, 2012 by Infinite

– “The Euro Crisis May Last 20 Years” – The European Headlines Are Back (ZeroHedge, Aug 18, 2012):

In Europe, the “no news” vacation for the past month was great news. The news is back… As is Merkel.

“The Euro Crisis May Last 20 Years” – Welt

The first five years of the global crisis are over, investors flee from complex financial products and into gold, silver and commodities. Experts warn against a false sense of security. “We should not give us the illusion that the crisis will soon be over,” says Patrick Artus of the French bank Natixis. Years of negative developments such as the growing debt, or the de-industrialization of specific sectors should now be reversed. “Such a process takes time.” Arthur looks to get politically and economically unstable savers years. “Investors have to live with depressed markets and considerable fluctuations learn.” In his view, it must not remain in a lost decade. “The euro crisis may also last 20 years,” says Arthur.

German finmin: no new aid programme for Greece – Reuters

German Finance Minister Wolfgang Schaeuble said on Saturday that there were limits to the aid that could be granted to Greece and said the crisis-stricken country should not expect to be granted another programme.”It is not responsible to throw money into a bottomless pit,” Schaeuble said at a government open day in Berlin. “We cannot create yet another new programme.”

Euro Countries Plan Strategies to Prevent Break-Up: Sueddeutsche (via Bloomberg)

Euro-currency area countries are evaluating a multitude of reform options, Sueddeutsche Zeitung reports, citing unidentified people with knowledge of the plans.

These are to be whittled down into a coherent strategy in the “coming weeks”. If Greece exits, members will boost plans to support other vulnerable countries. Options include increasing aid to Ireland and Portugal. ECB would consider supporting Italy and Spain through bond purchases. Greece’s new start would be supported by EU funding. These questions will be discussed “in the autumn”.

Deutsche Bank Among Four Said to Be in U.S. Laundering Probe – Bloomberg

Deutsche Bank AG (DBK) is among four European banks being investigated by U.S. regulators for alleged money-laundering violations, according to an attorney with knowledge of the matter. Federal regulators, including the U.S. Treasury’s Office of Foreign Assets Control, the Federal Reserve, the Justice Department and the New York District Attorney’s office are all involved in the probe of Deutsche Bank and three other European banks, said the attorney, who asked not to be identified because the investigations are confidential.

German Industry Group Head says No Place for Greece in Eurozone: WiWo (via Bloomberg)

If Greece doesn’t meet IMF and EU requirements, it must leave the euro, Hans-Peter Keitel, president of Germany’s BDI industry federation, says in an interview with Wirtschaftswoche magazine. Keitel previously said Greece must stay in the euro at all costs: WiWo

Keitel says clear progress is being made in combating the euro crisis. The German federal government is not ambitious enough in its savings program, Keitel says.

German Taxpayer Association Head Criticises ESM: Euro am Sonntag (via Bloomberg)

Rainer Holznagel, head of German taxpayer association, says payment of Spanish bank debt would require 3% VAT increase in Germany, Euro am Sonntag reports, citing interview.

ESM reduces the rights of the German parliament and the independence of nation states, Holznagel says: Euro am Sonntag

Bundesbank Vice-Head Opposes Schaeuble’s Banking Proposal: WiWo (via Bloomberg)

German Finance Minister Wolfgang Schaeuble’s proposal to separate traditional banks from their investment banking units isn’t possible, Bundesbank Vice- President Sabine Lautenschlaeger tells Wirtschaftswoche magazine.

Both types of banks would still be dependent on market confidence, Lautenschlaeger says. Lautenschlaeger favors an investigation into the relationship between lenders and those banks which trade in unregulated financial products.

Westerwelle Opposes Relaxing Greek Aid Terms: Tagesspiegel

Relaxation of the agreed on terms for Greek assistance would be misunderstood by countries such as Spain, German Foreign Minister and FDP member Guido Westerwelle told Tagesspiegel am Sonntag in interview.

Spanish prime minister would have difficulty passing reforms in parliament if terms were eased for Greece, Westerwelle says. Westerwelle gives his “solidarity” to the people of Greece. Greek Prime Minister Antonis Samaras to visit Berlin on Friday

And just to prove that Europe’s beggars continue to refuse to get the memo…

Spain says there must be no limit set on ECB bond buying – RTRS

The European Central Bank must take forceful and unlimited steps to buy sovereign debt to help Spain reduce its refinancing costs and eliminate doubts over the euro zone’s future, Spain’s economy minister said in comments published on Saturday. “There can be no limit set or at least (the ECB) can’t say how much they will use or for how long,” when it buys bonds in the secondary markets, Luis de Guindos told Spanish news agency EFE.

and:

France Favors Greece Rescue Package, Opposing Germany: Welt (via Bloomberg)

France and southern European nations are in favor of a third rescue package for Greece should it prove necessary, Welt reports, without saying where it got the information. Germany rejects a new rescue package. Germany opposes giving Greece more time to enact cost cuts. Preparations underway for Greece possibly leaving the euro. Main consideration is how to protect other euro crisis countries from the fallout.

‘Eurozone Crisis: The Bankers Are Happy To Play Nero As Europe Burns’ (Guardian)

August 5, 2012 by Infinite

Not just one generation will be thrown into poverty.

To prop up the euro – whose survival is vital only for the banks’ balance sheets – a generation is thrown into poverty

In Athens, Angela Merkel is seen handcuffed on the cover of the magazine Crash. The headline demands that European leaders be ‘tried for genocide of the Greeks’. Photograph: Thanassis Stavrakis/AP

– Eurozone crisis: the bankers are happy to play Nero as Europe burns (Guardian, July 31, 2012):

While Rome burned, Nero put on fancy dress, stood on a tower and played his lyre. He sang of the Sack of Ilium and roasted Christians at the stake to light up his party. The people were taxed to pay for his extravagance, but he appeased them with games of ever increasing spectacle and sadism. He clad slaves in deerskins and had lions eat them. It was immensely popular. When Nero duly fell from grace and committed suicide, he cried: “What an artist dies in me.”

I like the Olympics now that athletes have taken over from fatcats on centre stage, but the media coverage is disproportionate, idiotic and Orwellian. Never has the BBC in particular purveyed such nationalistic opium to the people. Is it really necessary to ignore all news of the city burning for the duration?

Last weekend a small island off the coast of Schleswig-Holstein saw the American treasury secretary, Tim Geithner, and the German finance minister, Wolfgang Schäuble, attempt a feat as yet unknown to the Olympics. It is called “save the euro”. This marathon is being played simultaneously and in real time by bankers and politicians in all Europe’s capitals, while a claque shouts “two weeks to save the euro” over and over again.

Read more‘Eurozone Crisis: The Bankers Are Happy To Play Nero As Europe Burns’ (Guardian)

Wolfgang Schäuble Just Says Nein Again: German FinMin Denies Rumors Of ECB Bond Buying

July 30, 2012 by Infinite

– Schauble Just Says Nein Again: German FinMin Denies Rumors Of ECB Bond Buying (ZeroHedge, July 27, 2012):

When day after day, for three days in a row last week, the ECB spread rumors that it would commence buying Spanish debt in what was in retrospect nothing but a massive bluff (just as we suggested yesterday), what passes for a market postulated that since there was no official German denial, and with Merkel on vacation that would mean a statement from her finance minister sidekick Wolfgang Schauble, that Germany was ok with the reactivation of Spanish bond buying and as a result ramped risk by over 4% in 3 days. All of that is about to wiped out as Schauble has finally spoken. Quote Spiegel: “For days, it is rumored that the ECB will buy Spanish government bonds in a big way. Now Finance Minister Wolfgang Schaeuble has rejected such reports – there was “no truth“. And scene. Luckily all the momo chasers who bought stocks last week on hopes their prayer-based strategy will finally play out, will be able to sell ahead of all those other momo chasers who bought stocks last week on hope their prayer-based strategy will finally play out. Or maybe not.

From Spiegel:

For days, it is speculated that the European Central Bank (ECB) is planning, together with the bailout fund EFSF Spanish government bond buy – so come back to Spain to cheaper capital. The “Sueddeutsche Zeitung” According to the euro countries willing to support this approach . Federal Finance Minister Wolfgang Schäuble (CDU) has now dismissed the reports in an interview with the newspaper “Welt am Sonntag”.

Read moreWolfgang Schäuble Just Says Nein Again: German FinMin Denies Rumors Of ECB Bond Buying

Germany, Greece Quietly Prepare For ‘Plan D’

February 19, 2012 by Infinite

Message to the people of Greece: Got physical gold and silver?

– Germany, Greece Quietly Prepare For ‘Plan D’ (ZeroHedge, Feb. 18, 2012):

For several weeks now we have been warning that while the conventional wisdom is that Europe will never let Greece slide into default, Germany has been quietly preparing for just that. This culminated on Friday when the schism between Merkel, who is of the persuasion that Greece should remain in the Eurozone, and her Finmin, Wolfgang “Dr. Strangle Schauble” Schauble, who isn’t, made Goldman Sachs itself observe that there is: “Growing dissent between Chancellor Merkel and finance minister Schäuble regarding Greece.” We now learn, courtesy of the Telegraph‘s Bruno Waterfield, that Germany is far deeper in Greece insolvency preparations than conventional wisdom thought possible (if not Zero Hedge, where we have been actively warning for over two weeks that Germany is perfectly eager and ready to roll the dice on a Greek default). Yet it is not only Germany that is getting ready for the inevitable. So is Greece.

Read moreGermany, Greece Quietly Prepare For ‘Plan D’

As Greece Crashes And Burns, Troika Arrives In Portugal With ‘Soothing Words Of Support’

February 16, 2012 by Infinite

Full article here:

– As Greece Crashes And Burns, Troika Arrives In Portugal With “Soothing Words Of Support” (ZeroHedge, Feb. 15, 2012):

What is better than a one-front European war on insolvency? Why two-fronts of course. But not before many “soothing” words are uttered (no really). From Reuters: “Portugal’s international lenders arrived in Lisbon on Wednesday to review the country’s bailout, with soothing words of support likely to dominate as Europe gropes for success stories to counteract its interminable Greek headache. As the euro zone’s second weakest link, Portugal’s ability to ride out its debt crisis will be key to Europe’s claim that Greece is a unique case. Despite a groundswell of concerns that Portugal – like Greece – may eventually have to restructure its aid programme, the third inspection of Lisbon’s economic performance in the context of its ongoing 78-billion-euro rescue should make that contention clear. “The review will be all about peace and harmony,” said Filipe Garcia, head of Informacao de Mercados Financeiros consultants. “The important thing for Europe is to isolate Portugal from Greece, to put it out of Greece’s way in case of a default or even an exit from the euro.” That makes sense – after all even Venizelos just told Greece that the country is not Italy. And if that fails, the Don of bailouts, Dr Strangeschauble will just give the country will blessing to use a few billion in cash. Oh but wait. It can’t. Because as as we pointed out in late January, and as the market has so conveniently chosen to forget, Portugal, unlike Greece, has simple, clean and efficient negative pledge language in its non-local law bonds. Which means “no can do” to any additional bailouts under its current capitalization. Which may very well mean that Portugal is stuck with its existing balance sheet unless the country succeeds in doing an exchange offer which takes out all UK- and other strong-protection bonds. All of them. And as Greece has shown, that is just not going to happen.

Greek President (And Nazi Resistance Fighter) Lashes Out At “German Boot” For Pushing Country To The Brink

February 16, 2012 by Infinite

Got gold and silver?

– Greek President (And Nazi Resistance Fighter) Lashes Out At “German Boot” For Pushing Country To The Brink (ZeroHedge, Feb. 15, 2012):

The following extract from a Bloomberg article suggests that the German mission of getting Greece to file for bankruptcy on its own, thus removing the perception that Europe has given up on the first (of many) terminal patient, own has almost succeeded. “Greek President Karolos Papoulias slammed Germany’s finance minister for recent comments about his country as stalled bailout talks stoked tensions between Greece and the northern European countries funding its rescue. “I don’t accept insults to my country by Mr. Schaeuble,” Papoulias, who fought in the resistance against the Nazis during World War II, said in a speech today. “I don’t accept it as a Greek. Who is Mr. Schaeuble to ridicule Greece? Who are the Dutch? Who are the Finns? We always had the pride to defend not just our own freedom, not just our own country, but the freedom of all of Europe.”

Read moreGreek President (And Nazi Resistance Fighter) Lashes Out At “German Boot” For Pushing Country To The Brink

German Finance Minister Schäuble: Greece Has Been A ‘Bottomless Pit’ And Its ‘Promises Are No Longer Enough’

February 13, 2012 by Infinite

Flashback:

– Max Keiser on Greece: ‘The IMF is a Financial Mafia’:

“The only solution for Greece is to arrest the Goldman Sachs bankers immediately and all those involved in the fabrication of Greek economic data in 2000, when you became a member of the eurozone. The next step is to nationalize all banks like Sweden did in 1993. The International Monetary Fund is that last thing you need. You will lose your sovereignty. It exercises terrorism. You will be raped in such a way, that it will be the worst pain you have ever felt.

If someone burns down your house in order to sell you charcoal, would you consider this logical? That is exactly what Goldman Sachs did to the Greek economy. They burned you down like arsonists and then they tell you not to worry they’ll give you charcoal. It’s outrageous. The IMF has said that it can provide Greece with help. The Wall Street investment hedge funds are attacking Greece’s bond market so that the Greek economy collapses. And they’re doing this for a simple reason; to force the Greek people to ask for help from the IMF. The IMF will say, we came because you asked for our help. Wall Street bankers work very closely with the IMF. It’s a financial mafia and the hedge funds are the assassins. Research conducted on Goldman Sachs in the USA and in Europe show how big a mafia it is. They are involved in illegal activity throughout the world.

– Schauble Says Greece Has Been A “Bottomless Pit” And Its “Promises Are No Longer Enough” (ZeroHedge, Feb. 13, 2012):

When discussing the Greek vote to pass a request for cash which is based on nothing substantial but merely more pledges to fix its economy in exchange for fresh billions in secured debt (aka bailouts) which will prime at least 136% of the country’s GDP with a direct lien, we said all that matters is Germany’s response. In which case ths following statement from German FinMin Schauble is likely indicative that this time around Greece will need to literally move mountains to convince Europe it will comply. From Reuters: “Greek promises on austerity measures are no longer good enough because so many vows have been broken and the country that has been a “bottomless pit” has to dramatically change its ways, German Finance Minister Wolfgang Schaeuble said. In a hard-hitting interview with the Welt am Sonntag newspaper, Schaeuble also said it is up to Greece whether the country can stay in the euro zone as part of its efforts to restore its competitiveness. “The promises from Greece aren’t enough for us anymore,” Schaeuble said. “With a new austerity programme they are going to first have to implement parts of the old programme and save.” Yet one wonders just how will Greece first implement the measures from the first one if Europe has to vote tomorrow (or Wednesday, it is all a blur now), on ratifying the second bailout. Or was this weekend’s entire Greek exercise merely one of complete irrelevance. In other news, we are fairly confident that February budget revenues are going to come in well below projections, and make the already disappointing January numbers seem like gangbusters.

Read moreGerman Finance Minister Schäuble: Greece Has Been A ‘Bottomless Pit’ And Its ‘Promises Are No Longer Enough’

Is German Anger Finally Coming To A Boil? Even Local CEOs Say Time To Exit Euro May Have Arrived

January 15, 2012 by Infinite

Flashback:

– EFSF Denies It Is An Illegal Pyramid Scheme – The Euro Is Dead

– Stop The EUSSR-Debt-Union Dictatorship – The European Stability Mechanism (ESM) Explained (Video)

– Is German Anger Finally Coming To A Boil? Even Local CEOs Say Time To Exit Euro May Have Arrived (ZeroHedge, Jan. 15, 2012):

It would appear that the German public (and political class to some extent) are beginning to see the European project in the same manner as we described back in July. As the increasing burden of saving the eurozone from its own excess falls on the shoulders of every Tobias, Dirk, and Heike taxpayer in Germany, even industry leaders, such as Wolfgang Rietzle, the CEO of Linde, this weekend according to Reuters, are suggesting a line in the sand has to be drawn and that “if we do not succeed in disciplining countries then Germany needs to exit.” This has been very much a view we have held for months now that instead of the periphery limping away one-by-one, the very core of the foundation will simply decide enough is enough or as Reitzle notes (among many other critically insightful comments) “the willingness of countries to reform themselves is abating if, in the end, the European Central Bank steps in.” This morning Germany’s FinMin Schaeuble added to the potential separation chatter with his comments, via Bloomberg:

*SCHAUEBLE SAYS ECB AS LENDER OF LAST RESORT WOULDN’T CALM MKTS

*SCHAEUBLE SAYS JOINT EURO REGION BOND SALES NOT A SOLUTION

Hardly reassuring given the dreams of every GGB owner and BTP-exposed insurance company are banking on the ECB cranking the presses to ‘secure’ nominal returns in the real world. The EURUSD has opened down 40 pips or so on a slow Sunday afternoon as we remind hopeful investors (and the German public) of our comments from last July (which seem even more prescient now with the AAA downgrades and increasing reliance on EFSF and ESM mechanisms placing more burden explicitly on German taxpayers and “in doing so may have jeopardized anywhere between 32% and 56% of its entire annual economic output“.

Reuters: Linde CEO says Germany Should Mull Euro Exit

Germany should consider leaving the euro if efforts to impose fiscal discipline upon indebted euro zone countries fail, the head of industrial gases firm Linde (LING.DE) told German weekly paper Der Spiegel.

“I fear the willingness of crisis countries to reform themselves is abating if, in the end, the European Central Bank steps in,” Linde’s chief executive Wolfgang Reitzle was quoted as saying.

“If we do not succeed in disciplining crisis countries, Germany needs to exit,” said Reitzle who was previously a board member at carmaker BMW (BMWG.DE) and head of Jaguar and Land Rover.

Read moreIs German Anger Finally Coming To A Boil? Even Local CEOs Say Time To Exit Euro May Have Arrived

Germans Try To Kill The British Pound (Express) – German Finance Minister ‘Bilderberg’ Schäuble: Britain ‘Will Join Euro Before Long’, ‘Faster Than People Think’

November 20, 2011 by Infinite

It is not Germany who is calling the shots here, but the same elitists that control the US, the UK etc. and brought Hitler to power.

The name of their organizations may change, but the elite families ruling them from behind the scenes and their goals are still the same.

Flashback:

– EU CHIEF: THE TIME HAS COME FOR A FEDERAL EUROPE (Express, Sep. 14, 2011):

A HUGE European superstate is the only solution to the economic crisis engulfing the continent, the President of the European Commission declared today.

– German Chancellor Angela Merkel Calls For NEW WORLD ORDER (ARD – Tagesthemen, June 4, 2011)

– Germany tightens the screw on ‘isolated’ Britain as tensions soar (Independent, Nov. 19, 2011)

– Britain ‘will join euro before long’, says German finance minister (Telegraph, Nov. 19. 2011):

Britain will have to abandon the pound and join the single currency “faster than people think”, Germany’s finance minister has said.

Wolfgang Schäuble said that, despite the current crisis in the eurozone, the euro will ultimately emerge as the common currency of the entire European Union. He said he “respects” Britain’s decision to keep the pound, but insisted that the survival and eventual stabilisation of the euro will convince non-members to join the currency club. “This may happen more quickly than some people in the British Isles currently believe,” he added.

Mr Schäuble also said Germany will stand firm on its call for a financial transaction tax that Britain believes would badly harm the City of London.

Fears over the eurozone crisis saw stock markets fall again yesterday. The FTSE 100 closed down 1.1?per cent. French and German shares also fell.

Meanwhile, a leaked document seen by The Daily Telegraph yesterday showed Berlin has drawn up radical plans for an intrusive new European body which will be able to intervene directly in beleaguered countries.

Sir John Major, the former prime minister, warned last night that the growing integration of the eurozone nations threatens democracy in those countries. He told Al Jazeera television that richer euro members led by Germany and France will “insist on moving towards what we call fiscal union. By that I mean common control over budgets and fiscal deficits”.

Sir John, who advises David Cameron on foreign policy issues, also described the banking transaction tax as “a heat-seeking missile proposed in continental Europe, aimed at the City of London”.

– GERMANS TRY TO KILL OFF POUND (Express, Nov. 19, 2011):

BRITAIN will soon be forced to scrap the pound and join the euro, one of Germany’s most senior figures said yesterday.

In a chilling threat to UK sovereignty, German finance minister Wolfgang Schauble predicted that all Europe would one day use the single currency. “It will happen perhaps faster than some in the British Isles currently believe,” he said.

His sinister warning followed the emergence of a secret German plan to build a powerful new economic government for the eurozone and block an EU referendum in Britain.

A leaked German foreign ministry memo detailed plans for a new European Monetary Fund. It also claimed the EU’s treaty could be altered to centralise more power without triggering a vote.

In a further sign of growing German supremacy within the EU, David Cameron was yesterday rebuffed by Chancellor Angela Merkel in talks over how to tackle the euro crisis.

Read moreGermans Try To Kill The British Pound (Express) – German Finance Minister ‘Bilderberg’ Schäuble: Britain ‘Will Join Euro Before Long’, ‘Faster Than People Think’

The Dangerous Subversion Of Germany’s Democracy (Telegraph) – Wolfgang Schäuble’s Lies Exposed

September 29, 2011 by Infinite

From the article:

‘Mr Schäuble has now been forced to give a categorical assurance that the EFSF will not be expanded. He cannot break his word without very serious consequences, or before the financial crisis turns deadly.’

…

As for the assurances of Mr Schäuble, either he really is lying, in which case there will be all Hell to pay in the Bundestag, and most likely a massive political backlash that will change German politics profoundly.

Or he is not lying, in which case there is no plan to save the eurozone, and we therefore face the mounting risk of a spiral into a banking crash, serial sovereign defaults, and a disorderly break-up of EMU.

Not pretty.

I bet Mr. Schäuble lied (again), but here is why the plan to save the eurozone is doomed to fail:

– The Multi-Trillion Euro Bailout Plan Has Already FAILED

Wolfgang Schäuble’s lies exposed:

In December 2009 Schäuble said that the Germans cannot pay for the problems of Greece.

In April 2010 he said that Greece may not need a bailout.

In May 2010 he promised his people the € 110 Billion bailout to be a one-time grant and the absolute upper limit of payments.

In May 2011 he agreed to the € 750 Billion bailout package.

In June 2011 Greece got another € 100 Billion bailout, again with approval from Mr. Schäuble.

Finance minister Wolfgang Schäuble is not only a LIAR, but a TRAITOR unto his people.

The elite puppet governments in Europe and in the US do exactly what they are told by their masters.

This is the greatest looting of the people in world history orchestrated by the elitists.

Europe is already burning (and so is the US).

Prepare for currency reform(s) and the greatest financial collapse in world history.

This is the ‘Greatest Depression’.

Got physical gold and silver (…and food and water supplies)?

The Dangerous Subversion Of Germany’s Democracy

The Bundestag and the German people are being undermined

– The dangerous subversion of Germany’s democracy (Telegraph, Sep. 29, 2011):

Optimism over Europe’s “grand plan” to shore up EMU was widely said to be the cause of yesterday’s torrid rally on global markets, lifting the CAC, DAX, Dow, crude and copper altogether.

This is interesting, since Germany’s finance minister Wolfgang Schäuble has given an iron-clad assurance to the Bundestag that no such plan exists and that Germany will not support any attempt to “leverage” the EU’s €440bn bail-out plan to €2 trillion, or any other sum.

“I don’t understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense.”

Read moreThe Dangerous Subversion Of Germany’s Democracy (Telegraph) – Wolfgang Schäuble’s Lies Exposed

Germany Slams ‘STUPID’ Geithner Plan To Boost EU Rescue Fund

September 28, 2011 by Infinite

– Germany slams ‘stupid’ US plans to boost EU rescue fund (Telegraph, Sep. 27, 2011):

German finance minister Wolfgang Schauble said it would be a folly to boost the EU’s bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.

“I don’t understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense,” he said.

Mr Schauble told Washington to mind its own businesss after President Barack Obama rebuked EU leaders for failing to recapitalise banks and allowing the debt crisis to escalate to the point where it is “scaring the world”.

“It’s always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government,” he said.

Read moreGermany Slams ‘STUPID’ Geithner Plan To Boost EU Rescue Fund

Germany: Head Of The Constitutional Court Demands Referendum Over EU Bailout

September 27, 2011 by Infinite

And all these bailouts are doomed to fail, will further destroy the middle class, make the elitists even more rich and will just buy a little more time before the then even greater total collapse will occur.

– The Multi-Trillion Euro Bailout Plan Has Already FAILED

Flashback:

– AND NOW: Germany, France Propose COLLECTIVE ‘GOVERNMENT’ For The Eurozone Led By UNELECTED EU President

– German turmoil over EU bail-outs as top judge calls for referendum (Telegraph, Sep. 26, 2011):

Andreas Vosskuhle, head of the constitutional court, said politicians do not have the legal authority to sign away the birthright of the German people without their explicit consent.

“The sovereignty of the German state is inviolate and anchored in perpetuity by basic law. It may not be abandoned by the legislature (even with its powers to amend the constitution),” he said.

“There is little leeway left for giving up core powers to the EU. If one wants to go beyond this limit – which might be politically legitimate and desirable – then Germany must give itself a new constitution. A referendum would be necessary. This cannot be done without the people,” he told newspaper Frankfurter Allgemeine.

The extraordinary interview comes just days before the Bundestag votes on a bill to revamp the EU’s €440bn bail-out fund (EFSF), enabling it to purchase EMU bonds pre-emptively and recapitalise banks.

Tensions are running high after it emerged over the weekend that officials are working on plans sketched by the US Treasury and the European Commission to “leverage” the firepower of the EFSF to €2 trillion, in conjunction with lending from the European Central Bank.

Carsten Schneider, finance spokesman for the Social Democrats, demanded that Chancellor Angela Merkel and finance minister Wolfgang Schäuble clarify their “true intentions ” before the vote on Thursday.

“A new multi-trillion programme is being cooked up in Washington and Brussels, while the wool is being pulled over the eyes of Bundestag and German public. This is unacceptable,” he said.

Prince Hermann Otto zu Solms-Hohensolms-Lich, the Bundestag’s deputy president and finance chief for the Free Democrats (FDP) in the ruling coalition, expressed outrage over the secret plans.

“Unless the German finance minister can give an immediate assurance that there will be no leveraged formula, I will not vote for this law. We might as well dispense with months of negotiations if all this means is that the Bundestag will be circumvented and served cold left-overs,” he said.

Read moreGermany: Head Of The Constitutional Court Demands Referendum Over EU Bailout

European Leaders Admit Preparing For A Greek Default

June 27, 2011 by Infinite

– European leaders prepare for a Greek default (Telegraph, June 27, 2011):

European leaders have admitted they are preparing for a Greek default as the eurozone debt crisis enters a pivotal week.

Greek politicians will vote on a radical €28.4bn (£25.2bn) austerity package in the coming days that they must pass if the country is to receive the vital fifth tranche of a €110bn bail-out agreed last year. The outcome is expected to go down to the wire as the ruling party’s slim majority is pushed to the limit by the opposition’s refusal to support the deal, a wave of national strikes, and another round of public protests.

Werner Faymann, the Austrian Chancellor, said on Sunday he “can’t rule out” a Greek default and Wolfgang Schaeuble, the German finance minister, revealed that Europe is preparing “for the worst”.

Read moreEuropean Leaders Admit Preparing For A Greek Default

Mega Ritual 2011 – Planned Terrorist Attack At The Women’s Soccer World Cup in Berlin (Update): Another German Lawyer, Dominik Storr, Files Criminal Complaint – More Videos

June 24, 2011 by Infinite

For your information …

I’ve also added some more videos below.

Even Wolfgang Schäuble warned in 2006 of a nuclear terrorist attack in Germany. (Video below.)

Use the Google translator for the following German texts.

– Erst Manhatten, dann Berlin? Meine Strafanzeige vom 23.06.2011 wegen mutmaßlich geplanten Terroranschlags am 26.06.2011 in Berlin (Dominik Storr, German Lawyer, June 24, 2011):

Nachdem ich gestern von einem Deutsch-Amerikaner noch einen Hinweis in dieser traurigen Angelegenheit erhalten hatte, den man wegen der allgemeinen Lebenserfahrung und den juristischen Denkgesetzen nicht wegargumentieren kann, hatte ich mich heute Nacht entschieden, Strafanzeige beim Bundeskriminalamt wegen eines mutmaßlich geplanten Terroranschlags am 26.06.2011 in Berlin einzureichen.

Ich schließe mich den Worten meines Kollegen van Geest, der in dieser Sache einen umfangreichen Antrag auf Erlass einer einstweiligen Anordnung gegen die Bundeskanzlerin Frau Dr. Merkel sowie gegen den Innensenator des Landes Berlin vom 31.05.2011 beim Verwaltungsgericht Berlin (Az. 33 L 259.11) gestellt hat, an:

Möge Gott uns vor dem geplanten Unheil bewahren!

Read moreMega Ritual 2011 – Planned Terrorist Attack At The Women’s Soccer World Cup in Berlin (Update): Another German Lawyer, Dominik Storr, Files Criminal Complaint – More Videos