Leaderless in the Euro crisis

Leaderless in the Euro Crisis - Richard Schütze

The lake is calm. Not a ripple disturbs the surface. But beneath, they lurk. Ready to tear their victims apart. The Euro crisis is still virulent. It is just hiding and has fed a number of other monsters. The banks of the Eurozone alone have accumulated 950 billion euros in bad loans. Mainly in the southern countries like Italy and Greece. The European Central Bank (ECB) pumps 30 billion euros into the markets every month to buy up government debt. Money is abundant; it costs nothing, but also brings nothing. However, where there are no more interest rates, savers are gradually expropriated. The liable creditors, primarily Germany, could still pull the emergency brake and exit the European Stability Mechanism (ESM). An end with horror. But politics watches as alongside government debt, a real estate bubble is also growing. Capital drives the stock markets. Yet, the youth in the south still cannot find work; every second to third person is without a job and a future. If Italy exits the Euro after the parliamentary elections in March, a financial bloodbath looms. France's charismatic Emmanuel Macron and EU Commission President Jean-Claude Juncker want to transform the European Stability Mechanism (ESM) into a European Monetary Fund, making the banking and liability union irreversible. The Bundestag is supposed to, with a two-thirds majority, deprive itself of future participation, tear the emergency brake. Chancellor Angela Merkel is no longer leading. The only ray of hope: Bundesbank President Jens Weidmann could become the President of the European Central Bank. An anchor that would provide more stability in the economy. Richard Schütze: Understanding the media, shaping communication, mastering crises, leading negotiations and conversations successfully, shining rhetorically, inspiring an audience, and skillfully moderating events: Richard Schütze, lawyer, trainer, and coach, has been advising associations, social and cultural institutions, DAX and medium-sized companies, and prominent public figures for more than 30 years.