German President Hints at Higher Use of German Army

Germany must stop using its past as a “shield” and use its armed forces more frequently and decisively, federal president Joachim Gauck has warned, in the clearest sign yet that country’s longstanding aversion to the use of its military may be beginning to crack.

“Germany can’t carry on as before,” Mr Gauck said on Friday, pulling few punches in a speech that cited German indifference and European navel-gazing amid “rapid” and “dramatic” new threats to the “open world order”.

“When the last resort – sending in the Bundeswehr – comes to be discussed, Germany should not say no on principle,” the president said.

Mr Gauck appeared as the keynote-speaker at the Munich Security Conference – the world’s largest annual gathering of defense chiefs and politicians.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza