April 3, 2012

Berlin's Reluctant Euro Hegemony

Ambrose Evans-Pritchard, Daily Telegraph

AP Photo

Germany's glistening new capital on the Spree - capped by Sir Norman Foster's Reichstag dome - is the throbbing heart of a reborn First Reich, a secular and democratic variant of the Imperium Romanum Sacrum or Hohenstaufen Empire. Brussels has become a backwater again.

Half of Europe lives in trepidation of the mercurial Wolfgang Schäuble, the crippled idealist and mastermind of reunification whose own tortured emotions have become a Continental curse, and who entirely conformed to his reputation for irascible outbursts when I met him last week in the forbidding board room of Hermann Göring's Luftwaffe headquarters. The euro has delivered a "German Europe" after all.

Read Full Article ››

TAGGED: Germany, European Union, Euro

RECOMMENDED ARTICLES

March 25, 2012
A World Headed for De-Globalization?
Irwin Stelzer, Weekly Standard
We may be entering an era of creeping de-globalization. It is one thing to be generous with the perceived foibles of your trading partners when your economy is growing and jobs are plentiful. It is quite another to decide to... more ››
March 23, 2012
The China-U.S. Rare Earth Games
Peter Lee, Asia Times
The joint United States, Japanese and European Union complaint at the World Trade Organization over Beijing's "monopoly" on rare earths is political theater, creating fear that China will one day unscrupulously withhold elements... more ››
April 1, 2012
The Dangers of Euro Drift and Fudge
Daily Telegraph
The central issue is whether the use of EU institutions to further the process of fiscal union is actually illegal. more ››
March 26, 2012
Hungary's Orban Bites EU Hand That Feeds Him
James Kirchick, TNR
On March 15, Hungarian Prime Minister Viktor Orbán stood before nearly 100,000 of his fellow countrymen in Budapest and declared, “Hungarians will not live as foreigners dictate.” Drawing an explicit connection between... more ››