In the last few days I have watched some documentaries dealing with the topic of the greed and megalomania of German banks and large companies. Amongst others I watched documentaries about the West LB and the Bavarian Landesbank, Quelle (Karstadt) and Schlecker. In none of them was there a mention of the migration crisis. But even at that time the topic already divided society. Unnoticed. And the decline of social democracy began at that same time. Unnoticed. We have moved further and further away from being a humanist society. We need a new enlightenment.
Even the 5th series of House of Cards can no longer compete with this. American Realpolitik has now trumped the supposedly implausible manoeuvring of Frank Underwood. But the pleasing thing about this is that Europe is the benefactor.
The conference organized by the Directorate-General for Economic and Financial Affairs in Brussels was exciting. It dealt with structural reforms and the deepening of the economic and monetary union. Reforms! Said Draghi. Reforms! Demanded Dombrovskis. Reforms! Summed up Moscovici.
Jean-Claude Juncker, President of the EU Commission has a plan: the “Juncker Investment Plan”. With the help of leverage effects this means that more that €300bn should have been pumped into the European economy by the end of the project. The plan is slowly starting to work – just not in Austria.