[Olog-hai]

They'd better change something with that so-called fiscal pact. There are some draconian and anti-republic rules in it, e.g. Article 8:

ESM Members hereby irrevocably and unconditionally undertake to pay on demand any capital call made on them by the Managing Director pursuant to this paragraph, such demand to be paid within seven days of receipt. …

Uh-huh, and who are you kidding, really . . . ? That's extortion and loansharking. (No free money either, just like all the so-called "bailouts".)

And of course, there are these clauses from Article 21:

3. The ESM, its property, funding and assets, wherever located and by whomsoever held, shall enjoy immunity from every form of judicial process except to the extent that the ESM expressly waives its immunity for the purpose of any proceedings or by the terms of any contract, including the documentation of the funding instruments.
   
   
4. The property, funding and assets of the ESM shall, wherever located and by whomsoever held, be immune from search, requisition, confiscation, expropriation or any other form of seizure, taking or foreclosure by executive, judicial, administrative or legislative action.

Wow. Those Europeans sure like to be above the law, don't they. Would any US citizen allow the USA to be bound by such a treaty? No, I didn't think so.

[chuck_the_tv_out]

“strategy toward more growth-oriented measures including more public spending”

Blatant agenda there from AFP.

[Snickering Hound]

Don't make Germany angry. You won't like it when they're angry.

[willgolfforfood]

Angela Merkel flies to Paris to meet Mr. Hollande. She clears customs at Charles de Gualle airport.

“Nationallity?”, she is asked.

“German.” she replies.

“Occupation?”, is the next question.

“No, I will only stay for a few days.”

[Zuben Elgenubi]

But Seibert said Merkel would not accept "deficit spending" to feed economic expansion

This statement is the core value of the current German mindset. Merkel will not give an inch on this one. She has an electorate clearly tired of economic growth frittered away by the Mediterraneans.

[GraceG]

The EU collapsing is going to lead to another world war it was created to prevent in the first place.

All because the officials in brussels were too greedy for the political power the EU promised them...

[USFRIENDINVICTORIA]

What would you expect in what is essentially a bankruptcy? The Germans should just have given the money away?

[BitWielder1]

Time for Germany to start printing Neue Deutchmarks.

It's one thing to sign and keep treaties, it's a completely different beast to hand over the decision making process to a foreign body.
No country, including and especially USA, should ever do the second.

[ColdSteelTalon]

If France’s socialists fail to pay the debt owed, then the money our Federal Reserve sent over there to shore up their debt will go in default and the American people will have to cover the Fed’s bad paper by “forcing” the Fed to print even more money...