Schaeuble wants Chinese yuan but not in Athens

Schäuble knows exactly how well to play the game in favor of German interests and curtails all and any attempts undertaken by Athens.

The German boot sinks Greece under

The game is rigged! We have understood and realized this for the past 8 years, as long as the “Schäuble measures” have been in effect both in Greece and Europe. Still, those that move around in the diplomatic circles, and come in direct contact with the German “tricks” come to one and only one conclusion: Berlin is doing anything in its power to promote its own interests and undermines and other attempts which might deem as a “threat”, even those of its European partners…

Backstage tricks

Among the victims of this policy which can also count Greece. Any attempt made by Athens to “open up” to any third country in order to conduct business and secure business deals in favor of the Greek economy comes up and crashes onto a….stone wall having the colors of the German flag. All the mechanisms which are directly controlled by Wolfgang Schäuble to continuously undermine any attempts made by Greece to attract foreign direct investments, while at the same time, Berlin’s representatives secure huge deals resulting in great profits for the German economy. Further to this, Germany is the second (and soon while the first) country which is beneficiary of the largest foreign direct investments made by China in the European Union and it is thus only natural and to be expected, that Schäuble’s “friends” do want to see any change in the status quo. Thus, the chance of an “investment attack” by the Red Dragon to Greece creates…something of an allergy to Berlin and activates the corresponding mechanisms.

The chance of an “investment attack” by the Red Dragon to Greece creates…something of an allergy to Berlin and activates the corresponding mechanisms.

The war in the world mass media

This tactic is not only limited in the case of China but – as evidence handed over by European diplomats to «F&M Voice» that had direct access to evidence and talks in respective cases – similar moves have been noted in the cases of Iran and Russia, and can be seen and understood as to be great examples of German expansionism. Actually, in this circle of subversion, the German side and major international media outlets which are aligned to its positions, like major financial and political newspapers and websites which make sure that any moves made by Greece are blocked and that the policies coming out of Berlin receive ample support.

The evidence, merely by itself, stipulate and explain the entire situation that Wolfgang Schäuble and his staff are trying to impose, especially in the light of the upcoming informal Summit between EU and China, during which all aspects of economic cooperation between the two sides will be discussed upon.


Human rights as part of the diplomacy of provocation

From the one side, Angela Merkel is giving out all she can to the Chinese side, while “confidentially” she discusses the human rights issue in China but publicly she “trims” her speech to suit German interests.

From the other side, Berlin made sure, by leaking statements to friendly media outlets, thus putting the “the Greek government hanged out to dry” especially by spreading information via the Reuters news agency, that Athens “applied a veto” to a proposed plan & statement regarding the human rights situation in China.

Of course, there was no veto, as European diplomatic sources confirm but merely objections on the proposed text, a position also taken by other member-states, as our country’s representative asked that similar language is used also in the cases of other countries (i.e. Egypt).

“Dependency” according to own wishes

In the end, there was no consensus on the joint communiqué, with arguments also coming from other countries, but Berlin wished to “show” Athens as the culprit for not reaching a decision on the issues…

The deal made by the German government to supply airplanes to the state-owned air carrier of China is estimated at 20 billion euros.

Still, the Suddeutsche Zeitung newspaper took over the helm of harsh criticism against Greece and other South European countries by arguing against the major investments made by Beijing to the “over indebted” Greece and other countries (Spain, Italy, Portugal).

In the article, the claim that this tactic by China creates not only “an economic but also a political dependency”, a dependency against which the EU has to defend itself.

Latest incident of indirect support for the German position is the latest article published by the New York Times, according to which “Athens embraced the Chinese investments” thus increasing Beijing’s influence in the area and thus causing concern to European countries (without naming them) and to the United States, “who do not view positively the expansionist plans of China”.

The goods and interests

A few days before the appearance of these articles by German media, the German chancellor had met the Chinese President, Mr. Xi Jinping, where. . . under strict confidentiality agreed to further develop their bilateral trade relations and business, which today is valued, at 170 billion euros (!), which is almost half of the Greek public debt! The leaders of these two countries signed a series of agreements, among which is one regarding the infamous Siemens, one on Daimler and other major industrial and economic giants, while in the joint German-Chinese plans are plans to further invest in African and Asian countries.

These plans though are not affected by and do not take into account the human rights situation in China!

Merkel’s amnesia and the huge trade agreements made with the Chinese President, Mr. Xi Jinping valued at 170 billion euros

The German chancellor Merkel “points” Africa and Asia, where there already joint German-Chinese plans for investments after managing to make Greece look bad in the eyes of Chinese President, Mr. Xi Jinping.

Taking up the position of Britain

And how could they be possibly be affected, since after the withdrawal of Britain from the EU, Germany will become the first country in Europe receiving the largest part of Chinese foreign direct investments, which currently make of 18,5% of the European total, while in the countries which can be found under position number 8 (Greece being included in those) it only makes up for a mere 16,3%!

When these countries voice their objections, they are “bad” but when Berlin conducts its business, it sort of …suffers from amnesia on matters related to human rights. As you can understand, the deal for the supply of aircraft to the Chinese state air carrier valued at 20 billion euros is no small thing…


In this circle of subversion, take part major international media outlets which are aligned to the German positions, like major financial and political newspapers and websites which make sure that any moves made by Greece are blocked and that the policies coming out of Berlin receive ample support.


The bad Iranians and “good” Tehran

A similar development to the one between Germany and China took place during last November, at a time when the EU sanctions against Iran were due to expire. During a Council of Foreign Affairs Ministers, at that time, certain great powers (France, Britain with Germany always being in the backdrop) demanded that the sanctions be further extended but Greece opted out for a veto since the road to especially beneficial and important trade agreements including the purchase of crude oil had opened up since the visit of Alexis Tsipras to Tehran in February 2016

The Iranians had expressed their wish and intention to re-open the branch of the state bank Bank Saderat in Athens that had ceased its operation in 2010 in accordance with the imposition of the European Sanctions. Tehran’s plan was very simple since the British had also closed the bank’s branch in London, it was to make Athen’s the gateway for the entry of Iranian investment funds into the EU with an initial plan for 5 billion dollars and estimates of putting these up to 30 billion dollars.

Berlin accused and stopped the Iranians from opening up the branch of Bank Saderat in Athens but a few months later, Berlin was celebrating the further enhancement and reinforcement of German – Iranian insurance market and banking sector ties.

“How dare you?”

Almost immediately, an all out media campaign was started in German media regarding the bad Iranians and the indebted / bankrupted Greece. At the same time, by using other media outlets and means behind which it is estimated that Berlin’s hand was at play, the real or not disappointment of the Europeans about the Greek stance was presented with a distinctive phrase by a European Foreign Minister to his Greek counterpart Mr. Nikos Kotzias “How dare you to place a veto when you in effect represent a bankrupt country?”

Do you know what happened after that? In June, Mr. Wolfgang Schäuble welcomed in Berlin, the Iranian Foreign Minister Mr. Javad Zarif by expressing his satisfaction on furthering cooperation between the two countries in the banking sector.

Stolen…. business

The German Minister of Finance and Energy also expressed to the Iranian official, the vivid interest for furthering and enhancing banking and insurance sector ties between the two countries, as this was evident and made clear by the official statements made to that effect.

But, how could you further cooperation between the two countries banking sectors? Maybe via the Sanderat Bank, a move for which Athens was scorned about but which is now welcomed in Berlin?. Besides, the state fund for ensuring export credit, Hermes is ready, according to Mr. Schäuble to support investments in Iran. But of course, not Greek investments.

It seems that Athens is putting Mr. Schäuble into a lot of trouble, thus he huffs and puffs, every now and then having to find ways to thwart any investments plans made by Greece
He is also cutting the way towards the Russian bear!

Similar ploys have also been used from time to time by the German government in order to affect Greek – Russian relations in the field of energy but also in other trade agreements.
The attempts by Moscow to create in the European South and alternate natural gas pipeline bypassing Ukraine came up against the stern opposition of the European Commission, possibly after German prompts, which also started at the same time, an audit of Gazprom’s position and influence within the common market.

Still, the Northern Corridor, that is the “Nord Steam” which directly pumps gas to Germany, not only operates in full but is also being expanded by building a second pipeline, with this plan not being opposed by anyone except the United States.

Berlin’s aim is quite crystal clear: Not to allow any other pipeline to exist in Europe so as the German side can be the sole provider of natural gas to Europe.

So simple and so German like!

You might also like


The Greek Observer considers that every reader has the right to express their opinions freely. However, we explicitly emphasize that The Greek Observers’ editorial team does not adopt user opinions. Please express your opinions in a decent manner. Comments that include, insults will be deleted by the team and the users will be banned from commenting.