tag:blogger.com,1999:blog-36227136.post4008521926393003795..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: SPD and eurobonds: will they, won't they?OEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-36227136.post-44121245976097572072012-08-07T17:49:18.091+01:002012-08-07T17:49:18.091+01:00There are already eurozone bonds, those issued by ...There are already eurozone bonds, those issued by the EFSF, and the German political elite have gone along with that. So the answer is that whatever German taxpayers may think the chances are that their political masters will eventually agree to do whatever is seen to be necessary to preserve the present eurozone intact and then allow it expand. And because the German political elite would present a united front against the German people there would probably be nothing that the latter could do to stop that happening. There's a small chance that the Constitutional Court would stop it, but the people would not be allowed to stop it by casting votes in elections.Denis Coopernoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-35254456243832437782012-08-07T12:01:02.026+01:002012-08-07T12:01:02.026+01:00There will be no effective Eurobonds. If the EU we...There will be no effective Eurobonds. If the EU were a democracy, and if a majority voted to share the debt burden, and if there was a central federal bank they all voted for, then it would be possible. Three big ifs, an insuperable obstacle. The USA managed only after the most bloody civil war ever: and they were the same nationals.Rollohttps://www.blogger.com/profile/18255460090580758354noreply@blogger.comtag:blogger.com,1999:blog-36227136.post-11667654839974299902012-08-06T17:51:51.879+01:002012-08-06T17:51:51.879+01:00Those darn tyrannical financial markets - always e...Those darn tyrannical financial markets - always expecting people to meet the obligations of their consensually agreed-upon contracts. Who do they think they are?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-46608379489522694222012-08-06T15:14:55.215+01:002012-08-06T15:14:55.215+01:00Another side of this story is that Merkel seems no...Another side of this story is that Merkel seems not able to keep the pro-Europe group together. Getting things approved especially when qualified majorities are necessary becomes more and more difficult.<br /><br />Btw this is only part of the story. The other part is that they accuse Merkel of trying to do a rescue via the backdoor (ECB) and that she is showing no political backbone as well in that respect).<br /> <br />-CSU is digging itself in, which makes making u-turns much more difficult.<br />-FDP looks to get tougher as well (allthough everybody will expect them to make a u-turn at the end (easy without a spine and short of memory).<br />-SPD/Greens angry about the way information is presented (and imho rightly so) and moving into Eurobonds and want voters more involved.<br />Anyway 2 (rescue-) captains on a ship is usually a recipe for disaster. One left, one right, end up against the iceberg. <br /><br />Anyway as he states the German voter will have to decide on that (which makes it a no go).<br /><br />He is not known as the brightest guy in the classroom, but I always wonder do these traditional left party guys really think people mainly vote for them because the want solidarity with all the poor etc in the world? Most simply appear to be pro solidarity as they benefit from it and preferably in times of cuts want to see it reduced to the own group.<br />Nearly all populist parties are based upon this and where they have established themselves are considerably more successful than the traditional left.Riknoreply@blogger.com