July 31, 2011

Getting the Euro Back on Track

Irish Times, Irish Times

AP Photo

These major elements of greater economic integration must be brought together into a coherent design if the euro is to retain credibility. German leaders are now convinced that it is fundamentally in their interest and are willing to open the debate, even if, as appears likely, this results in some form of transfer union. While that would fall well short of what is done in large national federal states, it may validly be compared with them. The obverse is that the economic disciplines built in will certainly reflect German concerns.

Read Full Article ››

TAGGED: Germany, France, Ireland, Greece, Spain, Eurozone

RECOMMENDED ARTICLES

May 15, 2012
Who's Your Daddy? Germany, Apparently
Fintan O'Toole, Irish Times
"One way of putting the referendum that I like is that Brussels and Germany are the mother and father of the EU and the rest of the countries are kids. And some kids spend the money wisely but some, like Ireland, spend it on... more ››
May 12, 2012
EU's Bigger Deficit Is Democratic
Patrick Smyth, Irish Times
WE ARE in the process – painfully, haltingly – of addressing the central deficiency in Europe’s single currency. The vote on the fiscal treaty represents Ireland’s part in a joint effort to give the euro... more ››
May 18, 2012
Apocalypse Fairly Soon in Europe
Paul Krugman, New York Times
For the past two-and-a-half years, European leaders have responded to crisis with half-measures that buy time, yet they have made no use of that time. Now time has run out. more ››
May 18, 2012
Are Germans Destined to Save the Euro?
Jeremy Warner, Daily Telegraph
To make it work, the euro will have to become a very different kind of monetary union. Whatever the historic mission, it's not clear that Germans are yet ready - politically, culturally, constitutionally or economically... more ››
The Spanish snub to the Queen smacks of a government that is anxious to distract public attention from its domestic woes. more ››