Now that the CSU and CDU have come up with a formula to limit the number of eligible refugees, Jamaica negotiations between CDU/CSU, Free Democrats and the Green Party have started in earnest. This is bad news for those who want to make progress in completing the institutional architecture of the eurozone and make the […]
How Bad Can It Get? Prepare For Economic Nationalism
2016 was already quite miserable in so many respects; 2017 promises to get even worse. Looking at the chamber of horrors President-elect Trump is putting together and assuming that he will indeed prove at any price that he is the maverick President he promised to be during the campaign, then Washington D.C. will turn into […]
Why Brussels Needs To Read Karl Polanyi
The project of European integration is going to run into walls. In political terms, it has become evident that its active as well as its passive support is decreasing. To some degree this loss in faith is tied to the social implications of years of austerity policies that were imposed to many nation-states in the […]
How A German Sovereign Wealth Fund Could Help To Rebalance The Eurozone
Germany is on the dock, big time. In its 2013 ‘Alert Mechanism Report’ the European Commission announced that Germany jointly with Luxembourg would have to undergo a thorough review of its potentially disturbing high current account surplus. The procedure is a legal necessity given that over the last three years Germany’s surplus has been above […]
Shrinking And Deepening – A New Pathway For The EU
Very much pressured by Tory backbenchers as well as by the rise in the polls of the strict anti-EU ‘UK Independence Party’, Britain’s PM David Cameron eventually presented his long announced and often postponed speech on the future relations of the UK with the EU. No surprise in regards to the content of his speech. […]
Suspicious Silence and Diffuse Light
Given the current low level of noise about the future of the Euro and potential changes in the composition of the Eurozone one could conclude that the worst scenarios of the past turn out to be exactly – scenarios. Michel Barnier, Commissioner for Financial Services, even declared the beginning of the end of the Eurozone […]
Open Letters in Germany and the Calm Before the Storm
EU summits come and go, and so do EU soccer championships. It seemed like the soccer crown is firmly in the hands of Spain. More so, three out of four teams who reached the semi final were countries of the South of the Eurozone, and thus the conclusion that the South reigns Europe. This opinion […]
The Caravan Moves On – Politics Needs to Catch Up!
Greece’s fate is decided. It will be only a question of time until the country leaves the Eurozone, in an orderly or an disorderly manner. The newly enthroned three party coalition will run into the political problem created by the voters who expressed their wish to stay inside the Eurozone and simultaneously getting relieve of […]
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