The creditor asking for some safeties and controls over the money he pays out for the debts of others.
How
unreasonable...!.
And here I thought that interests depend on the risk involved for the lender.
Target 2 Saldi, anyone...?
Originally the Maastricht treaty completely banned and forbid that states finance other states. Via the ECB, it is established fact since long time, I would even say the ECB was boosted for this as the primary purpose, and Gangsterlagarde has brought this ECB policy to lightspeed now. And now, with corona, all German dams have broken and all German resistance has been overwhelmed, and the collectivisation of European debts, long wanted and demanded by the French and Italians, is coming. Fantastic for net receivers and debtors. Bad for creditors and net payers.
There is a reason why high-qualified mid-age German experts and academics beign taxed like crazy take their families and kids flee germany in significant numbers, being replaced with slightly bigger numbers of uneducated, underqualified often integration-rejecting social netto receivers. Over a quarter of Germans now have a migraiton background, the quota of social wellfare receivers is rising, the number of netto payers into the system is declining.
https://translate.google.com/transla...oreas_aufstieg
This all will not go well. Not for Europe, not for Germany. I see no realistic scenario how this
could not end in anything else than a total civilizational collapse of the Occident. The monetarian problems lead to economic problems, the economic problems lead to social problems, the social problems lead to Boooom.
Read David Engels:
Que faire? (German: Was tun?). Its a bitter, sobering read. And a very personal and eloquent read as well. And it is a very realistic, adequate read. All is lost. More than what is in this little book we cannot do anymore. Parents will not want to read this: but denying a realistic view at it all - how then could they prepare their children for what is coming down on them?
https://www.amazon.co.uk/product-rev...pe=all_reviews
20-40 years at best I think until this continent will fall into civil war and fir, wipijg out what is left of the occident and its cultural heritage. America manmages to destroy that cultura heritage all by itself and without a war, Trump is the evidence. I hope I die, preferred peacefully, before it gets to that, in 20 years I will be 73. A bit too old and too weak to care for survival under war conditions.