Macron has come to put Merkel in his pocket but he will not succeed

19.04.2018 | Allgemein, Presseschau

‘French chauvinism’

Markus Kerber, a professor of political economy at the Technical University of Berlin, said the French president would find his “beginner’s charm” has worn off among a sceptical German public.

“Macron has come to put Merkel in his pocket but he will not succeed,” Kerber told FRANCE 24, likening the French president’s pitch in favour of sweeping EU reform to a “new kind of French chauvinism”. “He presents his reforms in a very autocratic fashion and this does not please the German public,” Kerber added, noting that many other EU countries had deep misgivings about French attempts to broker a deal with Germany alone. The Netherlands and Scandinavian countries, in particular, have made it clear “that future reform of the Eurozone is not a matter which is going to be decided by Macron and Merkel“, Kerber said.

France24: Macron seeks Merkel’s support for EU reform in Berlin talks

France24: À Berlin, Macron tente de relancer ses projets européens face aux réticences de Merkel

CCTV: European Central Bank on defensive as German and Italian giants wobble

5.10.2016 | Allgemein, Presseschau

Markus Kerber says Deutsche Bank is the subject of a witch hunt. This German economist doesn’t deny the country’s largest lender has problems. But he believes they’re being exaggerated.

However, Mario Draghi, European Central Bank President, doesn’t think so. He was in Berlin on Wednesday to tell his many critics here: Deutsche’s woes are of its own making.

Namely, a possible fine for mis-selling mortgage-backed securities, to the tune of up to $14 billion.

weiter zum Video / click here to video

By redefining the list of public securities eligible for purchase through the QE back door, the ECB has transformed the euro rescue mechanisms into a Ponzi scheme

21.12.2015 | Allgemein, Presseschau

Before and after Mario Draghi’s last press conference, the professional public focused on the scale and duration of the Public Sector Purchase Programme (PSPP).

Meanwhile, critical observers of the ECB had already taken a close look at the inner workings of the programme. Interestingly enough, the ECB from the very beginning of QE, made it clear that it would „update“ at its discretion, the list of public securities eligible for purchase. (Read more)

EU referendum: British commissioner Jonathan Hill could be harming the UK just at the crucial pre-Brexit moment

1.12.2015 | Allgemein, Presseschau

While David Cameron recently released his unambitious ideas for renegotiating the terms of the British membership in the EU, British commissioner Jonathan Hill seems keener to focus on building an ever-closer banking union.

Although he is aware of Germany’s fundamental opposition to mutualising deposit insurance, he strongly advocates a project which will fuel the revolt of German depositors against Europe. (Read more)

EU referendum: David Cameron has put forward a British model for EU membership – but it could make European allies lose patience

16.11.2015 | Allgemein, Presseschau

Tuesday this week was D-Day for David Cameron, as he presented before the supporters of British membership his agenda for negotiating British conditions of staying in the European Union.

His rhetorical rejection of the overall objective of the “ever closer Union” was neither surprising nor constructive. In point of fact, the EU is threatened more than ever before by external events such as migration and internal institutional conflicts. It is unfortunate that this chaos is mirrored by the uninhibited and unpredictable demeanour of the commission’s President. (Read more)

Helmut Schmidt: As Germany loses a historic figure, the UK has lost the most Anglo-Saxon of all Chancellors at a crucial time for Brexit

11.11.2015 | Allgemein, Presseschau

The death of Helmut Schmidt is a profound moment for all post-war Germans.

More than any other German Chancellor, Schmidt was the incarnation of a deep commitment to his nation as a part of the European Community, but also as a strong member of the Atlantic alliance.

As an inveterate workaholic, Schmidt was used to burning the candle at both ends in the service of his country. A reserve army officer, he always retained something of the armed services culture. As a matter of principle, he resisted any temptation to negotiate with the Red Army faction in the ‚German Autumn‘ of terrorism in the 1970s. (Read more)

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