This morning's key headlines from
GenerationalDynamics.com:
- France and Germany clash sharply over debt crisis solution
- New U.N. 'peace envoy' to Syria dithers, describing a grim situation
- Catalonia will vote for independence from Spain on Thursday
France and Germany clash sharply over debt crisis solution
When France's President was Nicolas Sarkozy, German Chancellor Angela
Merkel could count on being able to reach agreement with him over how
to proceed on the euro debt crisis. Like Merkel, Sarkozy was a fiscal
conservative, but France's new president is François Hollande, who is
a socialist and anything but a fiscal conservative. And so while the
two were in Ludwigsburg, Germany, on Saturday, celebrating the 50th
anniversary of Germany-France unity, they were sharply disagreeing on
fiscal matters. The two major areas of disagreement are:
- Hollande advocates giving Greece all the bailout money it
needs and granting the requested two-year postponement on
fulfilling austerity commitments; Merkel does not.
- Hollande advocates quick implementation of the proposed euro zone
"banking union," a centralized regulator for all the 6,000 banks in
the 17 euro countries. The European Central Bank (ECB) would have
supervisory powers over the banks, and there would be an area wide
deposit insurance system. Merkel also supports a banking union, but
wants to move much more slowly, and says that quality is more
important than speed.
The irony, of course, is that even though Merkel and Sarkozy could
agree on what to do, their plans have accomplished nothing, and the
situation is much worse than it was two years ago. That's because, as
I've been saying for two years, NO SOLUTION EXISTS. So now we'll go
through a period where France and Germany will disagree over
everything and blame each other, but the final outcome will be no
different. Bloomberg
New U.N. 'peace envoy' to Syria dithers, describing a grim situation
Lakhdar Brahimi, who recently became the new United Nations
"peace envoy" to Syria, replacing Kofi Annan, spoke to the
United Nations Security Council on Monday and provided a very
grim assessment:
I think there is no disagreement that the situation
is extremely bad and getting worse. I refuse to believe that
reasonable people do not see that you cannot go backward; you
cannot go back to the Syria of the past. I think I told everybody
in Damascus and elsewhere that reform is not enough. What is
needed is change.
Brahimi was referring to the almost unprecendent situation
where Russia and China have repeatedly vetoed one resolution
after another.
If I do not represent the entire council, I am
nothing. I need to be seen to represent a united council and a
united League of Arab States, and I think the Security Council
understands that perfectly well.
Brahimi is just running around the world talking to everyone, with no
hope of progress. Kofi Annan and his "six-point plan" were worse than
useless, because they provided cover for Syria's president Bashar
al-Assad to continue his massacres of Syria's women and children. Now
Brahimi will replace Annan in that role. AP
Catalonia will vote for independence from Spain on Thursday
Some people are calling this a confrontation that harks back to 1936,
when Generalissimo Francisco Franco seized power in Spain, launching
the brutal Spanish civil war. On Thursday, the parliament of
Catalonia will vote on whether to declare independence from Spain.
Now the Spanish Military Association is threatening to charge with
high treason anyone who is participating in this cause:
If this plan is actuated, let there be no doubt that
those who have permitted this, or participated or assisted in
reaching this threat of fracture of Spain, either by commission or
omission or through their constitutional positions, shall be
accountable to the fullest extent possible of the serious charge
of treason before the courts of military
jurisdiction.
Spanish Military Association (translation) and An Phoblact (Dublin)
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