Der Chef der Deutschen Bank bringt Deutschland durcheinander, indem er es als „logisch“ bezeichnet, die europäische Verteidigung mit gemeinsamen Schulden zu finanzieren
https://www.lesechos.fr/finance-marches/banque-assurances/le-patron-de-deutsche-bank-en-faveur-dune-dette-commune-pour-financer-la-defense-en-europe-2209169
Von goldstarflag
13 Kommentare
It’s logical and much cheaper. It seems CDU conservatives do need a bit of shaking up. Some of them still dreaming and mentally stuck in the 20th century.
I don’t want to get into the discussion about common debt. I’m just here to say the following: don’t believe anything Christian Sewing (or anyone from Deutsche Bank) says. Ever. These guys are a complete joke. Their offices get regularly raided by investigators for all kinds of reasons. Don’t do business with them. Don’t give them any of your hard earned money. Avoid them at all costs.
I have no problem with common debt if we choose a model that takes into account the discrepancy between national budget situations of the member countries (e.g. blue and red bonds). If we just ignore that, the more fiscally disciplined countries will end up indirectly financing the less disciplined ones.
It is logical and it’s also the only way. Else the European Union won’t survive the next decade.
WHAT DOESN’T EVOLVE WILL DIE. There is no exception to this law, it is universal: it applies to lifeforms, national economies, institutions, industries, political ideologies and philosophical theories.
European leaders are stuck in the 20th century. It’s surprising really, they are supposed to be educated people
The head of Deutsche Bank has called for consideration of the use of common debt instruments to finance defence efforts in Europe, sparking a sensitive debate in Germany, where Eurobonds are generally considered taboo.
‘Strategic investments in our defence are much more effective when made at European level,’ Christian Sewing said on Monday evening in Berlin. „It would therefore make sense to opt for joint financing, for example through the issuance of bonds based on the Next Generation EU fund model. The financial markets would be willing to finance this initiative. “
From his point of view, European security meets these criteria, while the rules-based world order is gradually being replaced by a geopolitics of power and spheres of influence. ‘Germany and Europe must be more active if they want to maintain their geopolitical and economic importance,’ says Christian Sewing.
This is the first time that the Deutsche Bank boss has gone so far in his defence of a common debt to finance European security. He thus joins a position defended by France and its president Emmanuel Macron.
According to sources close to him, he is aware of the sensitivity of the issue, which could trigger a debate within the coalition led by Friedrich Merz.
Within his own party, Friedrich Merz is already being criticised for breaking a campaign promise by reforming the sacrosanct debt brake rule immediately after his election in February in order to deploy hundreds of billions of euros in infrastructure and defence. This U-turn breaks with years of austerity and has particularly upset the conservative wing of the CDU.
Close to the Chancellor, Christian Sewing is nevertheless setting conditions for joint debt. ‘If we choose this path to strengthen Europe’s sovereignty and resilience, we must also ensure that we close the gaps that undermine this sovereignty and hinder the necessary momentum,’ he said, calling for reforms, particularly in EU governance.
As the war in Ukraine enters its fifth year, Europe has de facto paved the way for the issuance of joint debt to support Kyiv against Russia. At the end of December, the heads of state and government of the 27 states decided to grant Ukraine an interest-free loan of €90 billion, foregoing the use of frozen Russian assets as Friedrich Merz had hoped.
The most powerful country in Europe weighs everything based on accounting and not political understanding. That’s why they (and as a result all of Europe as a whole ) are made fun of by the countries that understand what’s going on (USA, China).
There’s a reason that bullying the Germans is part of NATOs core mission
What is wrong with Germany? They have been making bad decision after bad decision.
The only problem is that Deutsche Bank is a complete failure that can’t run any business without being constantly bailed out by the government. Not someone you’d listen to on any important issue.
Because it is in the interest of banks to buy more bonds. He is speaking for his company, not his country.
i would think there is something wrong with him if he said its not logical to backup common eu debt that will be forced to be only spent on eu manufacturers of military equipment with main one being germany lol
Germans want the rest of Europe to be owned by German banks
Says the pot-poisoner.
I’d need to dive into research on financial products and toxic debt again, i seem to forget the details as quickly as i read them, but i assume there is an ulterior motive from the bank that has been broadly speculated to be chernobyl style, crisis level, radioactive for years and has managed with the conplicity of cowardly status quo politicians to kick the can this far.
This is from someone who has thought the separation of debts was always stilted and unstable, unsustainable, and that a reckoning would be better intentional and soon than caused by crisis.
I can’t help but suspect this is happening now because either, optimistically, the eu needs to rapidly adapt and get its shit together fir a changed world; or, less optimistically, a serious crisis is already occurring, already beyond prevention.
Of course, those things are not mutually exclusive.