EU braces for pandemonium following ‘dangerous’ German campaign for escape from Brussels | Politics | New
A survey by the Allensbach Institute found that only 15% of the German population now have a favorable opinion of the President of the European Commission, Ursula von der Leyen. The EU leader has come under scrutiny over the past two months, as many accused her of hampering the continent’s vaccination campaigns with a botched centralized purchasing strategy. About eight percent say Germany has benefited from EU vaccine purchases, while 46 percent say no.
But what really strikes you is the creeping Euroscepticism.
Around 39% want the repatriation of competences from the EU to the Member States, while only 12% want more competences for the EU.
The poll showed that 63% think the EU is overly bureaucratic and 58% think Germany has to pay for over-indebted eurozone countries.
In a recent report, the head of the Oxford-based Euro Intelligence think tank Wolfgang Munchau insisted that these numbers should not be underestimated.
In particular, the political commentator argued that the Dexit campaign of Alternative for Germany (Afd), a right-wing nationalist and populist political party, is now “more dangerous than it appears”.
He explained: “The internal division of the AfD could overshadow everything.
“But the party has the potential to attract protest votes from disgruntled voters in the Christian Democratic Union (CDU), especially in the east.
“And it is the only party willing to fish in the pool of anti-EU sentiment.
“Allensbach’s figures do not suggest that the Germans are in the majority in favor of leaving the EU.
“But they tell us that Euroscepticism is broad and persistent.”
He concluded: “We keep reminding ourselves that this is how Brexit started.”
The AfD will contest the elections later this year on an anti-EU, anti-lockout and anti-immigration platform.
The so-called “Dexit” policy emerged at a two-day AfD conference earlier this month to firm up its strategy ahead of the general elections in Germany in September.
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“By the time they start to sniff in the wind about the possibility that they might have to bail out 2.7 trillion euros in Italian debt, believe me, the Bundesbank already has a plan in the drawer to print Deutsche Marks. “
Mr Varoufakis said that all German accounts will immediately be denominated in euros in Deutsche Mark, as Germany has a “gigantic account surplus”.
He added: “The closer we get to a fragmentation of the euro, the higher the value of the German euro.
“Of course, what will happen is that the euros will be transferred from Italian bank accounts to German bank accounts.
“It’s already happening.
“There are around 200 billion in the last 18 months that have moved from Italian bank accounts to German accounts.
“Because of the risk of keeping your euros in a country which, after the break-up of the euro zone, will see its currency redenominated on the downside and not on the outside.”