How painful is the Greek tragedy for the Germans?

When the International Monetary Fund completed some weeks ago its fourth review under the Extended Fund Facility Arrangement for Greece, and approved for this country a new disbursement of €1.72 billion, it performed also a Debt Sustainability Analysis, which is a prerequisite for any IMF loan. According to this DSA, Greece would face a funding […]

German opposition win in Lower Saxony felt all over Europe

The defeat in the Lower Saxony election of the German governing coalition led by Angela Merkel’s CDU and comprising as a junior partner the pro-business party of Free Democrats (FDP), may change the political landscape in the entire European Union. It has already prompted Philipp Rösler to offer his resignation from the leadership of FDP, […]