The last
weekend saw Schäuble drafting a note directed at the Greek
government that basically said “either you leave the Eurozone for
now or you give up your sovereignty to your creditors”. Maybe he
wanted to increase pressure on the Greek government or maybe he
thought that this would do the trick to push them out of the Eurozone
– but he only underestimated how desperately Tsipras wanted to keep
his country in.
Either
way, he changed the political climate in Europe for the worse, which
will not be the same for months or maybe years to come. It has been
poisoned by the rhetoric of “us against them” when it should be
“we together”, and Schäuble has done his part. Under the
Schäuble regime the Eurozone is no union, it is a creditor-debtor
relationship.
We will
now have to start to clean up this mess and it will be much easier
without a man, who, despite all his virtues, clearly doesn’t have
what it takes to move Europe forward. There is no shame in that.
There have been other examples of public figures, like CDU
heavyweight Wolfgang Bosbach, or former Bundesbank President Jürgen
Stark, who felt that they couldn’t reconcile their position with
the necessities that come with governing the single currency and as a
consequence chose to quit. So thank you for your service Mr Schäuble.
Now please resign.
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