Chapter 801: Erhard's Strategy
If the United States was the country that benefited the most from the collapse of the Soviet Union, then Germany was the happiest.
As the front line of the confrontation between the United States and the Soviet Union in the Cold War, the experience of half a century was unbearable for both Germanys.
The collapse of the Soviet Union, for the Americans, "just" was a bitter rival that fell, and a brutal competition was won. However, for Germany after the merger of the two Germanys, it is nothing less than a new life.
Ruled out the threat of the Soviet Union, the Germans could finally come out of the shadow of World War II and aftermath and get a long-lost sense of security. There is no need to worry about the day when the steel torrent of the Soviet Union rushes into Western Europe, and there is no need to worry about the beggar-thy-neighbor British dropping a nuclear bomb on their heads.
That's right, throughout the Cold War, NATO's strategic central idea was formulated in this way. As long as the USSR launches an attack on Western Europe, we will nuke Germany!
One can imagine what the mood of the Germans was during the Cold War.
Half a century of the Cold War and the two world wars of the first half century of turmoil have left the Germans in turmoil for almost a century, and their lack of national security is almost deep-seated.
On the other hand, however, due to the post-war world system dominated by the United States and other reasons, everyone can see how the former German Wehrmacht has fallen. From this point of view, we have to give the Americans a thumbs up! Adjusting a country and emasculating a nation ideologically is really the only one that the United States has succeeded.
Looking at the two major Axis powers of World War II, what have become of the armies of Germany and Japan, which once whipped the whole world, in 40 years? Even their nationals, what has become of them? It goes without saying that the Wehrmacht that was off work on weekends was inferior to the Self-Defense Forces in Yakuza.
Against this backdrop, how do Germans view the collapse of the Soviet Union?
Cole said: Laxatives, no time to say, is opening champagne to celebrate.
In fact, if it weren't for the Soviet Union, how would the Germans dare to show the British a face?
As a die-hard ally of the United States, Britain clearly has a big say in NATO. Since the Deutsche Mark adopted a linked exchange rate with major European currencies in the 70s, the German economy has been growing rapidly, has there been no pressure on the pound to depreciate in the past?
The inflated pound was a tool for Britain to suck the blood of Europe, and after twenty years of being sucked up, Germany was suddenly reluctant to devalue the mark......
If there is no reason for the collapse of the Soviet Union, then the British must be willing to believe it.
German Chancellor Kohl's waist pole, that was the first time so hard.
"The fact that the British are being targeted by the Quantum Fund this time is not necessarily a good thing for us. β
"I really didn't expect the power of the Quantum Fund to be so strong. It is terrible that Britain is unable to resist Soros's financial attack with the strength of the whole country!"
The finance minister, the head of Germany's central bank, and others sat around the sofa in front of German Chancellor Kohl's desk. Looking at their expressions, there was no trace of trembling and frightened, but they looked like they were celebrating with a smug crown.
"Yes, as long as the value of the mark can be guaranteed, the financial chaos in Europe will be more conducive to the growth of our investment. β
"Since Soros launched an attack on the pound, a lot of international investment has begun to enter Germany. The Quantum Fund operates the Mark and the pound to hedge, and the fragility of the pound has set off the strength of the mark, making investors generally optimistic about the German economy, and the financial industry has benefited greatly. β
Cole himself is a good economist and knows very well how changes in the exchange rate of the mark will behave in the economy. Don't look at the Germans who did not participate in the attack on the pound, but with home advantage, the Germans may not earn less than Soros.
"Not only that, but you have to look a little bit longer. Don't be fooled by the profits in front of you, and pursue a small profit. β
Kohl is arguably Germany's greatest statesman since the eighties. The merger of Germany and Germany in his hands, and the rapid development of the German economy since the eighties is inseparable from him. The same country and nation were divided and ruled, and Germany did not run wild on the road to becoming two countries like Cao County, and Kohl's generation contributed a lot.
In addition, the birth of the European Union and the euro is also inseparable from the foundation laid by the German leaders of Kohl's generation.
At this time, Cole, who was as polite as a university professor, was sitting peacefully in the chair behind the Prime Minister's desk. He waved his arm, stretched out a finger, and expressed his opinion with some excitement: "The pound, the Italian lira and other European currencies, their turmoil is good for European integration. It is only when people suffer losses that they remember the benefits of unity. An integrated Europe and the euro are the most powerful backing against financial attacks. β
"For the sake of all of Europe, we are not here to die, but to make sacrifices more worthwhile. β
Otherwise, Cole is a politician, and this ideological height immediately impressed the cabinet members present.
They are just trying to take advantage of the financial crisis to gain some advantage for Germany. But the same thing, when it came to Cole's mouth, immediately became tall.
You see, we are not cold-blooded capitalists, in fact, we are bleeding in our hearts. It's just that for the sake of a better future for Europe, I have to throw away my conscience for the time being. The quantum fund is cut on the pound, and we Germans are just as sad!
As soon as Cole's argument was thrown, it immediately won everyone's approval. Schmid, the governor of the Bundesbank, immediately nodded and was convinced: "Yes, if every financial crisis occurs, it is solved in a way that harms the interests of Germany, which is a very unhealthy system, which shows that our linked exchange rate system is a system with serious fundamental flaws." β
"We in Germany are not reluctant to help European countries out of the financial crisis, but that cannot always be done in an extraordinary way. We should have an institutional and systemic solution, and only then should a responsible country do it. β
Finance Minister Henschel nodded again and again, and followed up excitedly: "We can first hold a joint meeting of the finance ministers of the 12 countries before the Maastricht meeting of the European Community at the end of this year to negotiate the euro." Against the backdrop of the financial crisis, European countries will not be able to refuse our pillar status in the eurozone, and in turn, integrate the whole of Europe into our market system. β
"The British are now in such a state of great distress that they cannot refuse this request. β
Cole was silent for a moment, then nodded with some difficulty suppressing his excitement.
Once the EU and the eurozone are established, German industrial products will be dumped throughout Europe without hindrance. In addition to Britain and France, which are still capable of resisting, which of the other European countries, such as Greece, Spain, the Netherlands, and Belgium, can compete with German industrial products?
In fact, before the establishment of the European Union, European countries also had their own national industries. Greece's automobile and shipbuilding industries used to be quite developed, and the economic growth rate was even faster than that of West Germany before the eighties. However, by the time the European Community was founded and Greece joined the European Community in 1981, by the nineties the country had become a holiday destination for Germans.
Other countries are not much different, how many countries on the Blue Star can compete with Germany in terms of industrial strength?
What the Germans failed to do after two world wars, the Germans did it bloodlessly through the European Union.
Since the establishment of the European Union, the deindustrialization of the entire eurozone has become a general trend. But Germany, on the other hand, a defeated country in World War II has become the anchor of the European Union. Germany, the defeated country, has completely pulled itself out of the mud pit of the defeated country through the European Union, an emerging economic and political entity in the world, and has become an important political force on the world stage by putting on the vest of the European Union.
As Chancellor of Germany, Kohl merged the two Germanys in his hands, and it can be said that he was born without regrets. If he can lay the foundation for Germany to control the EU, he will be a well-deserved German hero.
"The Joint Meeting of the Finance Ministers of the 12 countries, this is a good proposal. Kohl nodded slightly: "Our goal is by no means to make much money in this financial crisis, money is a meaningless thing! What we want to do is to establish the indestructible credit of the Deutsche Mark." Only in this way can the path that Ludwig Erhard laid out for the German nation be realized. In order to be able to promote the issuance of the euro, it is acceptable to suffer even some losses on the surface. β
What is the road that Kohl is talking about? In fact, it is the road of the eurozone! Ludwig Erhard, a lesser-known German who had a profound impact on the situation in the world. The entire strategic vision of the euro and the eurozone was the brainchild of the West German post-war economic chief.
Ludwig Erhard's eurozone strategy is actually an idea, that is, to do everything possible to maintain the strong position of the German mark and not to depreciate it! The most terrible thing is that, except for the depreciation of the mark caused by the Americans after the Plaza Accord, the Germans have really carried out this strategy for decades.
By the nineties, it was already time for this strategy to bear fruit. As long as the European Union is established and the eurozone is established, the whole of Europe will become an economic colony of Germany. What Germany failed to get after fighting two world wars is about to fall into the arms of the Germans.
In such a period of strategic opportunity, Cole and his entire cabinet are gearing up.
"Okay, Henschel, you go do it. I personally called the presidents of various countries to organize a joint meeting of finance ministers as soon as possible in order to deal with the financial crisis in Europe as soon as possible. β
"Yes, I'm going to draft a concrete plan. With that, Henschel nodded and turned to leave the prime minister's office.
And Cole also picked up the phone on the table and asked to call the hotline of the Greek president.
......
"Yes, Monsieur Mitterrand, I look forward to seeing you in Maastricht in December, goodbye. β
As soon as Cole put down the phone, he suddenly saw his defense minister, Gutenberg, stumbling in: "Prime Minister, it's not good! The Russian Baltic Fleet has appeared off the island of RΓΌgen!"