With Emmanuel Macron becoming France’s new President, one item expected to be marked urgent on his to-do-list will likely be a restart of negotiations on a bolder reform of European Monetary Union (EMU). It is improbable that Macron will push for his liberal reform agenda at home before autumn owing to parliamentary elections in June. […]
Stubborn Germans: Stuck In Austerity/Stability
He did it again: German finance minister Wolfgang Schäuble repeatedly reflected on a possible Grexit in February 2017, after having raised this threat already in the negotiations on the third bailout programme in summer 2015. International observers cannot believe Germany has started playing hardball again in this delicate affair just when the European idea is […]