Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

European Union Collapse ‘No Longer Unthinkable,’ German Official Says

Sunday, January 8, 2017 14:58
% of readers think this story is Fact. Add your two cents.

(Before It's News)

German Vice Chancellor Sigmar Gabriel says austerity policies have threatened EU relationships.

By Reuters On 1/7/17

http://europe.newsweek.com/eu-signs-migrant-return-deal-mali-first-its-kind-africa-530805

Germany’s insistence on austerity in the euro zone has left Europe more divided than ever and a break-up of the European Union is no longer inconceivable, German Vice Chancellor Sigmar Gabriel told Der Spiegel magazine.

Gabriel, whose Social Democrats (SPD) are junior partner to Chancellor Angela Merkel’s conservatives in her ruling grand coalition, said strenuous efforts by countries like France and Italy to reduce their fiscal deficits came with political risks.

“I once asked the chancellor, what would be more costly for Germany: for France to be allowed to have half a percentage point more deficit, or for Marine Le Pen to become president?” he said, referring to the leader of the far-right National Front.

01_07_gabriel_01
German Economy Minister Sigmar Gabriel addresses a news conference in Berlin, Germany, December 19. Fabrizio Bensch/Reuters

“Until today, she still owes me an answer,” added Gabriel, whose SPD favors a greater focus on investment while Merkel’s conservatives put more emphasis on fiscal discipline as a foundation for economic prosperity.

The SPD is expected to choose Gabriel, their long-standing chairman who is also economy minister, to run against Merkel for chancellor in September’s federal election, senior party sources said on Thursday.

Asked if he really believed he could win more votes by transferring more German money to other EU countries, Gabriel replied: “I know that this discussion is extremely unpopular. But I also know about the state of the EU. It is no longer unthinkable that it breaks apart,” he said in the interview, published on Saturday.

“Should that happen, our children and grandchildren would curse us,” he added. “Because Germany is the biggest beneficiary of the European community – economically and politically.”

Source: http://europe.newsweek.com/eu-collapse-no-longer-unthinkable-german-official-540002?rm=eu

Facebooktwittergoogle_plusredditpinterestlinkedinmail



Source: http://tapnewswire.com/2017/01/european-union-collapse-no-longer-unthinkable-german-official-says/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.