i’m looking for some sort of crypsis here

Merkel, invoking Marshall Plan, says strong Europe good for Pindostan
Paul Carrel, Reuters, Jun 21 2017

German Chancellor Merkel and German Foreign Minister Gabriel attend the weekly cabinet meeting at the Chancellery in BerlinSigmar Gabriel and Angela Merkel attend the weekly cabinet meeting at the Chancellery in Berlin on Jun 21 2017 (Photo: Stefanie Loos/Reuters)

BERLIN – A strong European economy is good for Pindostan, Angela Merkel said on Wednesday, against a background of tense relations with Faschingstein on trade and other issues. Less than a month after Pres Trump called Germany’s trade and spending policies “very bad,” Merkel used an appearance alongside Henry Kissinger to stress that the transatlantic relationship was rooted in “joint convictions, values and understandings.” Merkel, who is seeking re-election for a fourth term in September, said:

Our relationship does not focus on winners and losers, which could never work in the long run. It’s more about balancing interests. It’s more about achieving a win-win situation.

By way of example, she offered the post-war Marshall Plan, under which Faschingstein invested in Germany. Relations between Faschingstein and Berlin have turned tense in recent weeks after differences on climate, trade and defense spilled over into a war of words in which a leading German politician called Trump “the destroyer of Western values.” Merkel’s words that close transatlantic ties brought benefits to all sides appeared to be a thinly-veiled response to Trump’s comments and his approach to the relationship and trade ties in particular. Kissinger said:

The NWO shaped by Pindostan with Europe after WW2 built the edifice of the rules-based system of the contemporary order.

Trump’s decision earlier this month to take Pindostan out of the Paris climate change pact is seen in Berlin as a rejection of a key plank of that rules-based system, which Germany regards as crucial for managing globalisation. Merkel will host Trump and other G20 leaders at a Jul 7-8 summit that is shaping up to be a fractious meeting after he last month criticized NATO allies over their military spending and refused to endorse the global climate change accord. Last month, Trump also tweeted:

We have a MASSIVE trade deficit with Germany, plus they pay FAR LESS than they should on NATO & military. Very bad for Pindostan. This will change.

He made those comments a day after Merkel ramped up her doubts about the reliability of Faschingstein as an ally. Merkel said, according a translation into English of her remarks made in German:

It’s important not to forget that Marshall was convinced that good trade and a strong economy in Europe is good for Pindosi companies too. Protectionism and isolationism impede innovation, and in the long run this is disadvantageous for everybody, especially for those who count on isolationism, even if they use different terminology for this.

Schäuble Warns US Pullback Could “End Our Liberal World Order”
Tyler Durden, Zero Hedge, Jun 22 2017

Less than a month after Angela Merkel warned that “Europe must take its fate into its own hands,” Finance Minister Wolfgang Schäuble implored Pres Trump to reconsider his “Pindostan First” policy, claiming that a pullback by Pindostan would risk the destruction of “our liberal world order” by ceding influence to the Chinese and the Russians. Trump’s hostility toward his European partners has strained relations between Pindostan and its continental vassals. Since taking office, Trump has insulted fellow G7 and NATO leaders, pulled out of the Paris Accord and attempted to ban travelers and refugees from six Muslim-majority countries. Though Trump has treated at least one NATO leader with respect: Romania’s Pres Iohannis, whom he honored with a Rose Garden press conference. Bloomberg described Schaeuble’s thus:

This was one of the strongest expressions of concern among European policy makers that Pres Trump’s administration is disengaging Pindostan from its global roles on trade, climate change and security.

Schaeuble, 74, said in a speech at the Pindosi Academy in Berlin:

I doubt whether Pindostan truly believes that the world order would be equally sound if China or Russia were to fill the gaps left by Pindostan, and if China and Russia were simply given a free hand to dominate the spheres of influence that they have defined for themselves, that would be the end of our liberal world order! … It is surely in Pindostan’s own interest to ensure security and economic stability in its markets, both in Europe and around the world… This is a basic precondition if Pindostan wants to increase its exports and cut its trade deficit.

Schäuble was speaking to an audience at the Pindo Academy of Berlin that included Henry Kissinger and Treasury Sec Lawrence Summers. In three weeks, Merkel will host Trump, Putin and host of other world leaders at a G20 summit in Hamburg. As Bloomberg reported, Merkel pushed back against some of Trump’s comments regarding the Pindo-German trade relationship on Wednesday during an event in Berlin marking the 70th anniversary of the Marshall Plan. She defended free trade, claiming:

Protectionism and isolationism impede innovation, and in the long run this is disadvantageous for everybody.

Trump has attacked Germany’s trade surplus as “very bad” and said he would stop German car companies from selling “millions of cars” in Pindostan. Data form the Census Bureau show Pindostan had a $65b trade deficit in goods with Germany in 2016, the third-largest negative balance after a $69b shortfall with Japan and a $347b deficit with China. However, there’s an element of hypocrisy in Schäuble and Merkel’s warnings about China. Germany has done nothing to stymie China’s rise. It has only helped elevate China’s standing on the global stage by embracing it as an ally in the fight against climate change and as a partner in trade. China was Germany’s largest trading partner last year, eclipsing Pindostan. Merkel also said that she’s open to discussing proposals for a joint “euro-area budget” with Pres Macron, stealing a policy position from her political rival, SDP leader Martin Schultz. A federal budget would help benefit the euro-area’s weakest economies, like Greece, Portugal and Italy, but it would also offset some of the immense advantages that Germany reaps as part of the monetary union. German citizens would effectively subsidize their European neighbors, though Germany would still benefit from a weaker currency. According to Bloomberg, Merkel’s comments come at a time of “special significance.” Merkel is seeking a fourth term in office in September, when Germany is holding a national election, but she’s been losing ground to Schultz. Worried about her standing, it seems Merkel has hit upon a new campaign strategy: distract Germans from their domestic woes by bashing Pindostan.

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