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09 July, 2016

The German sado-monetarists continue to play with fire

Portugal and Germany ahead of a diplomatic incident - the leftist Portuguese government has angrily responded to comments by German Finance Minister Wolfgang Schäuble (CDU) reacts over their budget deficits.

As was informed afterwards on Friday of insiders, the government in Lisbon the German Ambassador Ulrich Brandenburg called on June 30 to the Lisbon Foreign Ministry to protest against remarks by German Finance by the end of June. Schäuble had said in Berlin, Portugal will need a new tool, if it does not hold on specifications and agreements.

The Portuguese Finance Ministry clarified after Schaeuble remarks, a new utility will “not considered”. Portuguese Foreign Minister Augusto Santos Silva said the weekly “Expresso”, his government regarded the remarks by German Finance as “unjust and unfriendly”.

[...]

The Foreign Ministry in Lisbon said Friday, before the Portuguese ambassador in Berlin and the German ambassador in Lisbon are steps to “clarify” have been made. The results were “fully satisfactory”.

The German embassy in Lisbon declined to comment. From the Foreign Office in Berlin it said, between “good partners” there “again and again talks about current issues related to the economic and monetary union”.

The European Commission certified Spain and Portugal have officially Thursday, its budgetary requirements not respected. Both countries would also “not correct excessive deficit within the recommended period” her, the Commission said.

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