February 1, 2012

Europe Is Stuck on Life Support

Martin Wolf, Financial Times

AP Photo

Germany, as creditor country, opposes a "transfer union" and insists that fiscal discipline is everything. It is right on the first point and wrong on the second.

Read Full Article ››

TAGGED: Germany, Italy, Eurozone

RECOMMENDED ARTICLES

January 27, 2012
Can France Show Europe How to Move Left?
Mary Dejevsky, Independent
If left-of-centre governments were in power not just in France, but in Germany and Italy as well - in other words, in all three of the eurozone's largest economies - the effects could be far-reaching. more ››
January 26, 2012
The Eurozone's Strategy of Pain
Jean Pisani-Ferry, Project Syndicate
For the third year in a row, the eurozone is the weakest link in the world economy. In 2010, attention was focused on responses to the crisis on the eurozone periphery – Greece, Portugal, and Ireland. In 2011, the crisis moved... more ››
January 27, 2012
Europe's Fate May Be in Monti's Hands
Philip Stephens, Financial Times
  Italy is back. Germany’s Angela Merkel sits at the top of Europe’s power list. France’s Nicolas Sarkozy can lay claim to be the continent’s most energetic leader. Mario Monti is its most interesting. After an absence... more ››
January 30, 2012
Europe's Diverging Basket Cases
Pierpaolo Barbieri, The New Republic
Though the continent's collected prime ministers will no doubt again pledge to do all that's within their powers to preserve the grandeur of the European Union when they meet today in Brussels, the continent's fate ultimately... more ››