I wrote about Angela Merkel in The Independent on Sunday. She seems to be well placed to win re-election in the German elections in September. Her Christian Democrats (CDU/CSU) are running at an average of 40 per cent in the opinion polls, while the main opposition Social Democrats, whose candidate is Peer Steinbrück, is on [...]
Could Germany be the first country to jump off the single currency cliff?
There’s some interesting stuff in there. Joseph Stiglitz says that the Vickers reforms to ringfence retail banking pobably don’t go far enough. He proposes a theory on why Germany practices left-wing economics at home but right-wing economics abroad (there’s a soldiarity gulf). He also explains why China can combine high growth with high inequality.
With Ireland going to the vote today and Greece on June the 17th, David Bowden argues that those who call for a more technocratic (and less Democratic) European Union are the real problem with Europe. We need to be serious about holding the EU to account for the mess that we’re in today.
“Isolation is a dream killer,” so the saying goes. Many commentators assert that German Chancellor Angela Merkel’s unprecedented new isolation in Europe over eurobonds and growth measures could turn her dream of tightly controlled European fiscal discipline into a limp cadaver. Some go even further and say it could accelerate her own political garrotting.
The UK has now plunged into a double dip recession, according to figures released Wednesday. But in Germany the economic prognosis could not be more different. Why is the German economy showing such stomach for the fight against the global downturn, while Britain staggers from its toxins?
The head of the European Central Bank seems to be trying to block a plan by Angela Merkel to force private bond holders to accept a write down in the value of their Greek debt in return for more loans to Athens.
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