Merkel, Schultz, & The Prelude To A European Liquidity Shock

Zero Hedge | 2/6/2018 | Staff
PaMe (Posted by) Level 3
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“While out loving Watchmaker loves us all to death.” — Rush “BU2B”

Politicians are cockroaches who walk upright.

Example - Leadership - Constituents - Agendas - Coalition

If there was ever an example of political leadership selling out their constituents for their own agendas it is the coalition negotiations happening in Germany right now.

Both Angela Merkel and SPD Leader Martin Schultz have to retain power in Germany in order to retain power in Brussels heading up the European Union. To do this they will agree to anything regardless of what Germans actually want.

Talks - Government - Grand - Coalition - Bargain

The talks between the two to form a government have resulted in a Grand Coalition bargain that no one is happy with. And it’s killing Schultz’s SPD among voters. Thanks to Mike Shedlock over at Mish Talk, we’ve got the latest German political polling.

The SPD is down to 18%. With Merke’s CSU/CDU’s 33% they barely have the support of a majority in Germany. Since the election the SPD has lost more 2.5% or 10% of its support.

SPD - Germany - Decades - SPD - %

This is the SPD that ran Germany for decades. This is the SPD that got 25.7% in 2013. Martin Schultz’s approval rating among Germans is dropping faster than Hillary Clinton’s at a rape survivors club meeting.

Seriously, Schultz is approved by just 25% of Germans. Frustration is growing among German voters. Mike makes the salient point that:

Germany - Government - Months - Election - Germans

That Germany has no new government more than four months after the election is barely comprehensible to the Germans: 71 percent do not understand why it takes so long to form a government.

I think part of this 71 percent fully understand that Merkel and Schultz are working so hard on this Grand Coalition for not Germany’s sake but for the European Union’s. That’s the reason why support for the minor parties is growing at the SPD’s expense.

SPD - Coalition - Agreement

If the SPD votes down the coalition agreement, which is becoming more...
(Excerpt) Read more at: Zero Hedge
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