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WikiLeaks reveal that Schauble was afraid of the collapse of eurozone


On March 16, 2016 WikiLeaks launched a searchable archive for 30,322 emails & email attachments sent to and from Hillary Clinton's private email server while she was Secretary of State. The 50,547 pages of documents span from 30 June 2010 to 12 August 2014. 7,570 of the documents were sent by Hillary Clinton. The emails were made available in the form of thousands of PDFs by the US State Department as a result of a Freedom of Information Act request. The final PDFs were made available on February 29, 2016.

A specific email under the title GERMANY AND THE EUROPEAN ECONOMIC CRISIS that was sent to Hillary Clinton in May 2012, reveals that the Germans, and specifically the German Minister of Finance, Wolfgang Schäuble, had serious concerns about a potential dissolution of the eurozone.

The revelations justify the whole sequence of events concerning Greece last year, when SYRIZA took over the leadership of the country. As described in the specific email, Schäuble worried about a "problematic result in the Greek elections".

The 'problematic result' for the European Financial Dictatorship came in January 2015 and the Brussels bureaufascists together with the Berlin directorate proceeded in plan B. Recall that in May 2015, the known journalist Paul Mason, revealed a plan, obviously by certain circles inside eurozone, according to which they wanted to mutate SYRIZA into a systemic social-democratic party, and force it to implement every single detail of the neoliberal experiment in Greece. As an exchange, they would proceed in a type of debt relief for Greece.

As Mason wrote:

In the script according to the eurozone, the expected ending is: Syriza splits; finance minister Varoufakis makes good his pledge not to sign a surrender and resigns. A government of the centre-left forms, with Alexis Tsipras now allied to the centrist Potami party and with tacit support from a liberal wing of the New Democracy party. Debt relief happens, but on the terms dictated by the lenders, and Syriza survives to complete its mutation into a centre-left social democratic party.” [fa.ev/greece-operation-mutation-of-left]

When they managed to get rid of Varoufakis and the dangerous elements of SYRIZA, who later formed Popular Unity, Tsipras became an easy prey for Schäuble. When Schäuble realized that Tsipras went to the negotiations without any plan for Grexit, he bluffed, supposedly offering Greece his own Grexit plan, when in reality, this was the last thing he wanted to see because he was afraid of a potential domino of subsequent exits which could lead to the collapse of the eurozone, as revealed in the specific email. Having disarmed, Tsipras was forced to retreat, signing a third catastrophic memorandum for Greece.

Important parts from the email:

  • ... Schauble and other financial officials in Berlin, London, and Brussels are beginning to see the upcoming Greek national elections as a plebiscite on whether or not Greece wants to remain in the Euro-zone. Schauble stated privately that despite their professed commitment to the Euro, if the Greek people vote for a government led by the anti-austerity Syriza party, they must bear the consequences of their actions.

  • According to a sensitive source, Schauble is looking for a way to deal with the potential fallout from a problematic result in the Greek elections. He sees two paths available, neither of which is pleasant for Germany and the other states of the EU. Realizing that a Greek withdrawal from the currency union may set the stage for Portugal, Spain, and Ireland to follow, Schauble is moderating his opposition to a larger shared solution within the EU. First, while he remains, in the opinion of a sensitive source, strongly opposed to the issuance of Eurobonds, Schauble has asked his staff to revisit a proposal put forward by the German economic experts, "the Five Wise Men," regarding a European Redemption pact. This idea was developed throughout 2011, but was initially opposed by Schauble because of his concern for its internal political ramifications in Germany while failing to address the problem of sovereign debt in real terms. The second course of action is even more problematic for Schauble, as it involves planning for a two tiered EU, with a much smaller currency union. This plan will be difficult and dangerous for the Merkel Government, especially following the election of Socialist Francois Hollande as President of France.

  • In any event, Schauble continues to believe that a complete collapse of the currency union is unacceptable for Germany, as the newly reconstituted Deutsche Mark would be considerably more valuable than the Euro; seriously damaging Germany's export driven economy.

  • In the opinion of this individual, Schauble's staff is drawing up contingency plans for addressing the possible outcomes of the crisis: an enhanced EU wide redemption project, a two tiered Euro-zone, and the possible collapse of the union.

As mentioned many times in this blog, the collapse of eurozone is the last thing that the Brussels-Berlin axis would like to see because the common currency is specifically designed to serve the banking interests and the lobbyists who have occupied the EU. The new revelation is another proof towards this argument.

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