TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

Germany flouts EU norms to secure a loan of €200 billion for itself

Ansh Pandey by Ansh Pandey
October 4, 2022
in Europe
€200 billion package
Share on FacebookShare on X

Ten years ago, when the global financial crisis hit Europe, it was Germany that pushed stringent debt laws and acted as a saviour for debt-ridden economies. But, now things are quite different. Last week, Germany introduced a €200 billion package announced to cushion consumers and businesses from the full effects of the energy crisis.

This step is not at all welcomed by its own European Allies. According to EU officials: “Germany has shown a big middle finger to the rest of Europe with €200 billion package, that has raised the temperature with the other countries.”

Also Read

‘Ban the Nordstream’ German Chancellor Merz backs sanctions on Russian pipeline

Why Are Knife Attacks Spiking in Germany? The Pattern No One Wants to See

UK and EU Suspension of Trade Ties with Israel likely to work Amid Gaza Military Campaign

Berlin is solely to blame for the Eurozone’s current plight; as a result, even countries like France and Italy are not now backing Germany’s position. Brussels, on the other hand, is coming to save the day for Berlin. EU is reportedly working on a strategy that might save Olaf’s face and defuse the criticism for a considerable amount of time.

EU changes laws to save Germany

According to the financial times, as part of a significant revision to the EU’s deficit rules, Brussels intends to offer EU members more time to reduce their debts and make room for public investment.

According to EU officials, the European Commission will present a proposal to amend the Stability and Growth Pact by the end of October, as part of which it will negotiate multiyear plans with national capitals to reduce their debt loads.

Germany introduces €200B gas price cap to counter Russia's 'energy war' – POLITICO
Source: POLITICO

The proposals, which have not yet been finalized and are still being considered between the commission and capitals, would streamline the extremely complex fiscal regulations of the EU while tightening enforcement.

Under the new blueprint, the EU wants the EU member state’s public debt burden on a sustainable, downward trajectory, the commission would suggest a four- or five-year plan for that state.

Furthermore, the EU would entitle member states to commit to a series of reforms aimed at strengthening the economy over a more extended period, partly drawing on the recovery blueprints they agreed on as part of the €800bn NextGenerationEU program.

Read More: The world will see a deadly Germany-US fight once the Ukraine war ends

Reduce the Skepticism

Make no mistake, by solely moving ahead with a €200 billion package, Germany has inserted its hand into a can of worms. EU nations despised Germany like never before. Nations claim that Germany has to act in solidarity with others rather than focusing only on its interests.

As per them, Germans are more concerned about their gas price, but that is not the case for the other 26 countries.

Immediately after Germany’s announcement, Brussels took cognizance of the matter and asked other nations to coordinate their rescue measures and avoid undermining the single market. Reportedly, the EU stressed: “Actions taken at the national level have important spillovers on other member states, so a coordinated approach at the European level is more crucial than ever,”

EU has always fallen short of saying these things to Germany, but, has always advised others to do such measures. That’s cute!! So, one could easily predict that Brussels which usually works under the diktats of Germany is again working to save Berlin from getting chastised.

With a longer time to pay off debt and more instruments and assistance from the EU, Brussels is currently drafting a plan that, in all honesty, might win over everyone.

Read More: Germany’s economic minister makes it clear that Russia is a far better energy partner than the US

However, the strategy could be disastrous for the Eurozone in the long run, in the long run, the strategy could be disastrous for the Eurozone because it would encourage other EU countries to take more loans and accumulate massive debt.

Germany is trying to pull a sea change, it is now flouting and changing EU rules as per its need to obtain a €200 billion package loan for itself since it anticipates obstacles from other EU countries in shortly near future. But, a massive alarm is undoubtedly ringing for Eurozone, stay away from this new trap.

 

Tags: BrusselsEUGermanyNATO
ShareTweetSend
Ansh Pandey

Ansh Pandey

Associate Editor, tfiglobalnews.com

Also Read

Why Are Knife Attacks Spiking in Germany?

Why Are Knife Attacks Spiking in Germany? The Pattern No One Wants to See

May 24, 2025
Trump Threatens 50% Tariff on EU Imports, Sparking Concerns

Trump Threatens 50% Tariff on EU Imports, Sparking Concerns

May 24, 2025
Telegram founder to prove EU and France interference in Romania? As Simion wants election results nullified

Telegram founder to prove EU and France interference in Romania? As Simion wants election results nullified

May 22, 2025
French Report Warns of Muslim Brotherhood’s ‘Subtle Threat’ to National Cohesion

French Report Warns of Muslim Brotherhood’s ‘Subtle Threat’ to National Cohesion

May 22, 2025
Tommy Robinson’s Fight for Truth and Freedom in Britain

Tommy Robinson’s Fight for Truth and Freedom in Britain

May 21, 2025
UK and EU Agree Major New Deals Since Brexit

UK and EU Agree Major New Deals Since Brexit

May 20, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.