Open Europe Blog

Archives for germany

If all the recent events weren’t enough, a story in today’s Guardian poses another question mark against the long-term economic prospects of the eurozone. Germany, the EU’s economic powerhouse and ‘paymaster of the eurozone’, is shrinking and faster th…

Posted by Open Europe blog team

The Commission has today presented plans to tighten up budgetary supervision and oversight in an attempt to avoid a repeat of the current eurozone crisis in the future (i.e. making up for the obvious and fundamental flaw of the eurozone, which is that …

Posted by Open Europe blog team

What was inconceivable only a couple of months ago has now happened: EU leaders have agreed a massive €500 billion bailout package for eurozone countries facing sovereign debt problems – on top of the €110 billion already committed in a separ…

Posted by Open Europe blog team

The least bad option?

Further to our previous post, Gisela Stuart, the brilliant German-born Labour MP who sat on the Convention on the European Constitution, has a piece in today’s Die Welt looking at the unsustainable nature of EMU and the debt bail-out of Greece. She arg…

Posted by Open Europe blog team

This question is asked on today’s frontpage of Germany’s leading financial daily Handelsblatt, against the backdrop of a 50 euro note going up in flames (see picture).The quite sensational splash is apparently a reaction to ECB President Jean-Claude …

Posted by Open Europe blog team

Not playing along

Following its succesful campaign to pressure Ireland into signing the Lisbon Treaty, the EU elite now seems set on an even bigger task: forcing Germany to accept a bailout plan for Greece. A range of selcted EU leaders hope that Germany will give in a…

Posted by Open Europe blog team

The Karlsruhe factor

As riot police today were forced to use tear gas against violent crowds in Athens protesting against further Greek spending cuts to narrow the country’s budget deficit (and save the eurozone), we recieved another reminder of German opposition to any cr…

Posted by Open Europe blog team