Welt attacks the ECB again: a clue is a case, two a proof
This morning Welt presented a second article against the ECB's negative interest rate policy; after yesterday's very heavy interview with Professor Kirchhof, which presaged an appeal to the Constitutional Court of Karlsruhe. Incidentally, Welt was not the only German media to attack the ECB's monetary policy head-on. A similar article was featured in the FAZ, testifying that there is a strong movement of the German bourgeoisie that is taking a stand against the central bank.
What does Welt say today? It takes a very curious position, which however also explains why AfD was the only relevant identity / conservative party not to sign the European manifesto of nations with Meloni-Orban-Salvini-Le Pen-PiS. Welt presents negative rates as an excess of ECB power that has harmed German savers, "looting" the hard-earned money from the Germans and then giving it to the Mediterranean lazy. Then the newspaper makes a political analysis in which it evaluates which parties could support an attack on the ECB: the Greens are not seen as a reliable partner for this mission, while the position of AfD is praised, which is thus removed from the isolation of the large media. Furthermore, there is an invitation to contact and block with the four "austere countries", namely Holland, Denmark, Sweden and Austria. In practice, the German media want to write and impose the economic and monetary policy of the EU and the ECB, imposing it "Manu Militar" with the usual Nordic allies.
The push in this direction is proving to be very strong and insistent: the German bourgeoisie does not want to continue with this trend, it wants an end to expansionary policies and gives the necessary orders to carry out this plan. It matters little that this is not useful for other countries which, among other things, are not feeling any inflationary push, if not for the effect of imports on raw materials or caused by the rules of the Green Deal. The German bourgeoisie wants to dominate without any interest in the effects in other countries, always seen in an ancillary position. This is the Funk plan , the one that guided the Reich in its plan of European domination. Only the means of realization have changed, but not the aims.
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The article La Welt attacks the ECB again: a clue is a case, two proof comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-welt-attacca-di-nuovo-la-bce-un-indizio-e-un-caso-due-una-prova/ on Mon, 05 Jul 2021 08:42:25 +0000.