By Matthias Matthijs and Mark Blyth – It is more than ironic that those two foundational Western civilizations — the Greeks and the Romans — who were among the very first to experiment with democracy, now have to let unelected Eurocrats run their economic affairs.
Throughout much of the twentieth century, the “German Problem” — the fact that Germany was too strong, too powerful, and too economically dynamic for the rest of Europe — bedeviled European elites. “Keeping Germany down” through NATO and European integration was seen as the solution. The problem today is not German strength but German weakness — a reluctance to take up its hegemonic role. more> http://twurl.nl/jexxp3
- France, Germany clash over ECB role to stem crisis (theneteconomy.wordpress.com)
- Analysis: Despite fuss, ECB ready for some crisis flexibility, Paul Carrel and John O’Donnell, Reuters
- EU comes to terms with ‘two-speed Europe’, Frédéric Simon, EurActiv
- British Prime Minister Urges ‘Decisive’ Action on Euro Crisis (foxnews.com)
- Will the north pay politically for the souths economic mess? (theglobeandmail.com)