"If you in the end ask me, not as a citizen but as an academic observer, what my overall assessment is today, I’ll have to admit to failing to see any encouraging trends right now." Jürgen Habermas shares his thoughts on the future of Europe.
Unter der Überschrift „Wieso Varoufakis das "wahre Hindernis" ist“ beschreibt die Süddeutsche was ein halb-anonymer Minister Rufschädigendes über seinen griechischen Kollegen Varoufakis zu sagen hat. Ein weiteres Schlaglicht auf die Brüsseler Propagandamaschine und auf den deutschen Plan B für Griechenland.
If EU law were properly enforced, Germany would face fines for endangering eurozone stability and breaching the Macroeconomic Imbalance Procedure for the fifth year in a row
Nobel Prize-winning Stiglitz's assessment is tough: at the current rate of “recovery” the eurozone can expect no chance of a return to normal before the start of the next decade. For the single currency, he says, “the extreme austerity that a number of European countries have adopted has almost been a death blow”. Here the American economist argues that to save it an ambitious reform of the structure of the eurozone and its policies is required.
El pánico financiero y la austeridad que impone Alemania le reportan grandes beneficios y favorecen la apuesta de los grandes especuladores contra las deudas soberanas de los países del sur de Europa
The article provides a data-rich analysis of how a banking crisis has morphed into a sovereign debt crisis as the authorities have refused to impose losses on investors in banks in the so-called core Eurozone countries. And as Rosner argues, the current path of denial and delay has increased the eventual costs to Germany and the global economy, with the tab to Germany already €500 billion higher than it would otherwise have been.