Rescue of the euro: Berlin reservation assistance

Pushed to its limits by the political support to Greece and the massive plan to stabilize the euro, Germany resumed its offensive. It determines, for each country, the outbreak of the plan of 750 billion euros to express a green light of the Bundestag. Berlin is also up to the load on its proposal to amend the EU treaties in order to punish, to the exclusion, the capitals recalcitrant to fiscal discipline.

Angela Merkel defended Tuesday stiffening. "The euro area can only work if we adopt a culture of stability, which means solid finances. (…) For Germany this culture of stability and strength is not negotiable, "Merkel said in an interview given to farm rather several European newspapers.

The sixteen finance ministers of the Eurogroup, and twenty-seven of the EU had the premiere at a double appointment in Brussels.Combative despite a weakened health, the German finance minister, Wolfgang Schauble, surprised his colleagues by questioning the principles they believed acquired for more than a week. Only the Belgian Minister Didier Reynders, ventured to publicly criticize the incoherence of speech come from Berlin.

Debate Lagarde Schauble

Jean-Claude Juncker, the Eurogroup chairman, acknowledged Tuesday that it had to mobilize "patience" during the debate behind closed doors, among others to intercede in the middle of the night between Wolfgang Schauble and Christine Lagarde. Ultimately, the Sixteen were separated without text or definitive agreement on the implementation of the 750 billion the new "European Stability Facility (ESF).Appointment was made on Friday in Brussels, officially in order to tie 'details practices and legal issues " payday loan lenders.

It is still the control exercised by the Federal Parliament is the heart of the debate. At the launch of the ESF, nine days ago, Germany's partners – including France – have understood that the Bundestag would have something to say once, to vote en bloc from the German plan for stabilizing euro. To the astonishment of his colleagues, Wolfgang Schauble has just announced that German MPs intend to vote each time a country in trouble will come from ticket sales, or for each disbursement."The game is not over," says a German source.

In practice, Berlin wants to have a veto at every stage of the process and content of any austerity plan submitted by a country strangled by debt. In the letter, Germany does not come back on his word. The ESF is European in name only, it is in fact an intergovernmental body to sixteen, with a headquarters in Luxembourg and a board of directors. By law, each country is free to make decisions according to the political career of his choice. "For Germany, this procedure should be a German," the source added.

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