Germany

Authored by George Soros, originally posted at NYBooks.com,

The asylum policy that emerged from last month’s EU-Turkey negotiations - and that has already resulted in the deportation of hundreds of asylum seekers from Greece to Turkey - has four fundamental flaws.

First, the policy is not truly European; it was negotiated with Turkey and imposed on the EU by German Chancellor Angela Merkel.

 

Second, it is severely underfunded.

 

Turkey has put pressure on Germany to arrest and prosecute a comedian who insulted Turkish President Erdogan on live TV last month.  Turkey’s ambassador in Berlin sent a diplomatic note to the Foreign Ministry asking them to launch a criminal investigation into ‘crimes’ commited by comedian Jan Böhmermann who read out a satirical poem allegedly ‘insulting’ President Recep Tayyip Erdogan on a 31st March TV show.

Over the weekend we reported that in a scathing Spiegel article the German financial media outlet let loose at the ECB with a report according to which Germany is now "taking aim" at the ECB as a result of the imminent launch of Helicopter Money by the Frankfurt-based central bank.

Spiegel even suggested that the German finance ministry would go so far as to sue the ECB to prevent this final monetary paradrop in a desperate attempt to stimulate (hyper)inflation:

As we predicted last week when Wikileaks released an IMF transcript which suggested trubulent times may be ahead for Greece, Reuters today writes that "the leaking of a conference call of International Monetary Fund officials on Greece's latest bailout review has further undermined mutual trust in fraught debt talks, embarrassed the European Commission and infuriated the IMF and Germany."

One month ago, when Mario Draghi unveiled his quadruple-bazooka QE expansion, which for the first time ever included the monetization of corporate bonds, the German press, in this case Handelsblatt, had a swift reaction. It did not approve.