European Union

Germans are losing patience with being cast as the euro zone’s scapegoats

Source: The Economist:   HITLER moustaches and swastikas defiling pictures of Germany’s chancellor, Angela Merkel, have become a recurring motif in the iconography of the euro crisis, most recently in Cyprus. Scapegoating is inevitable during financial upheavals, says Marcel Fratzscher, president of DIW Berlin, a think-tank. Germany, he suggests, has […]

Bomb from Brussel.

Source: Spiegel. Should the Cypriot bailout become a model for the future? The mere suggestion sent markets tumbling last week. But increasing numbers of European politicians would like to see bank shareholders and investors bear a greater share of crisis risk. The EU may be changing its strategy. By SPIEGEL […]

Cameron’s budget blinder

Source: The Economist. EVEN the French say so: David Cameron played a near-perfect match. “He is a real negotiator; very, very tenacious,” declared a senior French official amid the brutal bargaining over the EU’s seven-yearly budget that dragged on for a whole night and a day. When it was all […]