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54% of Germans Want Constitutional Court to Kill the ESM; Merkel's Disingenuous Reservations

Steven668 Wrote: Sep 09, 2012 3:06 AM

Every English teacher I have ever had would have given me an F if I had turned in a paper like this. Rule Number 1 of expository writing is, NEVER use an acronym without explaining it at least once! The reader (me) is left to speculate endlessly on the possible meanings of "CSU," "ESM," "EU," "ECB," and "SPD." I do not live and breathe European economic policy. From this article, all I get is that the German people mostly oppose something, and some politically important people agree, at least in part. Key information is missing, and I should not have to look it up myself.

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hitthedeck Wrote: Sep 09, 2012 9:07 AM

ESM means spreading the wealth but the wealth is getting a little thin in Europe. Here in America we have OSM created by President Obama and the only wealth is held by those who are working and that area is getting a little thin also. Lets hope the very wealthy can hold on to what they have. They are the ones we depend on to hire the unemployed.

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Mark in CA Wrote: Sep 09, 2012 4:38 AM

Steven, I too am wondering what ESM means. EU is European Union and ECB is European Central Bank. It sounds as if the ECB wants to place the burden of paying for the crushing debts of countries like Greece onto the backs of the German people. If I was a Kraut, I would be p.i.s.s.e.d off about being expected to pay for the deadbeats in Greece.

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citizen al Wrote: Sep 09, 2012 8:22 AM

ESM stands for European Stability Mechanism. it is a clearinghouse used to extract money from the solvent EU nations to give to the insolvent nations. in other words Germany floating the whole show

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RobertMN Wrote: Sep 09, 2012 8:35 AM

Watch what happens when the Pariah States of America (beginning with CA) start falling like dominoes, and they start looking to the rest of the United States to bail them out. I think then we'll start to "get it."

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amesser Wrote: Sep 10, 2012 12:49 PM

Thank You for defining ESM!

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54% of Germans Want Constitutional Court to Kill the ESM; Merkel's Disingenuous Reservations

Moment of Recognition

It appears a majority of German citizens have finally had enough of chancellor Angela Merkel saying one thing and doing another in regards to bailouts. They have also had enough of Mario Draghi and his policies.

According to Der Spiegel a Majority of Germans Want the Constitutional Court to Kill the ESM

Poll Results