There is a new German question. It is this: Can Europe’s most powerful country lead the way in building both a sustainable, internationally competitive Eurozone and a strong, internationally credible European Union? Read Here – The New York Review of Books
For years, European leaders have been trying to put a stop to the debt crisis that is tearing Southern Europe apart. It might be time to change strategy since little progress has been made. Read Here – Der Spiegel
German Finance Minister Wolfgang Schaeuble warned on Tuesday that failure to win the battle against youth unemployment could tear Europe apart, and dropping the continent’s welfare model in favor of tougher U.S. standards would spark a revolution. Read Here – Reuters
Since Greece’s insolvent-grade financials first came to light, Europe has consistently and reliably emanated ripples of distress across the Atlantic. Recall the mini-panic of 2011, with its big selloffs in global markets. And periodic fears about the endearingly named PIIGS—Portugal, Italy, Ireland, Greece and Spain—sneezing their malaise onto France and beyond. Then there’s the latest bank-run-that-wasn’t out […]
If very high interest rates are bad for Europe, then very low ones must be good, right? Seems logical. Yet the big drop in yields on government bonds of Italy, Spain, Ireland, and Portugal isn’t entirely positive, especially for the European Central Bank. Read Here – Businessweek
One way or another, the situation is Cyprus likely marks a major turning point in the eurozone crisis. It could be the beginning of true disaster for the zone, eventually leading to a series of sovereign debt defaults and possible exits from the euro area. It could also be the point at which we learn […]
Ten years ago, Germany was considered the sick man of Europe. Its economy was mired in recession, while the rest of Europe was recovering; its unemployment rate was higher than the eurozone average; it was violating the European budget rules by running excessive deficits; and its financial system was in crisis. A decade later, Germany […]
An unintended consequence of the current economic and political crises in Europe has been the completion of the continent’s decolonisation, commenced in the middle of the 20th century. As the gross domestic products of developing countries continue to grow, while many crisis-stricken EU economies are contracting, some of the formerly colonised nations, alongside China, are […]
The euro crisis has revolutionised politics across Europe. Established political parties are fighting for their lives; countries that thought of themselves as part of the European core are finding themselves on the periphery; and a huge gulf has emerged in the core of Europe. What we are witnessing, as the euro crisis enters its third […]
As David Cameron entered the Commons at the end of a morning that began with his speech on Europe, his backbenchers did something they rarely do these days. They cheered him to the echo. Moments earlier the Conservative chairman, Grant Shapps, had announced on TV that the Europe speech had united the party. The sight of […]
looking beyond borders 