AfD Kompakt, August 3, 2022.
After just a few weeks is shown that the ECB’s new loan
purchase program, in the view of the AfD clearly counter to treaty and thus
unlawful, proceeds entirely at the cost of the Germans. The Germans, who are
primarily liable for the permanent rescue of the euro, now immediately receive
with the evidently permanent asymmetric purchases of the ECB the worst of all
worlds: High inflation as a result of the incessant printing of money in the
eurozone’s “inflation community”, and also at the same time, climbing interest
rates for credit for German individuals, businesses and even for the German
state – while the Italian and Spanish indebtedness remains much too favorable
or even becomes more favorable. The fathers of the Maastricht Treaty wanted to
prevent exactly this state financing by the ECB as well as this liability and
transfer community for excessive (southern) European debt-makers. Yet the
corresponding Articles 123 and 125 of today’s EU Treaty will be ever more
shamelessly ignored by the ECB.
Besides, the purchases, heedless of the ECB capital ratios
and in the view of the Federal Constitutional Court actually illegal, nevertheless
will not in the long term save the failed currency experiment of the euro
because it deals with a faulty construction which besides harms all
participants. Meanwhile, only the AfD has from the beginning stated these fully
obvious facts.
Since now the ECB with its new programs even permanently
institutionalizes the treaty violation, the long term decline of euro crisis
and money devaluation is to be ended only by means of an exit of Germany from
the euro’s permanently law-breaking “community of fate”. If we do not do this in
good time, the entire cost of the southern European over-indebtedness is to be
borne by the ultimately liable Germany, and thereby remains hanging over the
German taxpayer, or – more likely – by all people through high rates of inflation,
or in the form of a euro becoming ever weaker and ultimately by means of a “currency
reform”. The volume of weak loans which will accumulate ever more dramatically
in the ECB balance with many trillions of euros will ultimately exceed the
entire financial assets of all Germans!
[trans: tem]
