German egotistic inward turn to badly hurt Europe after Merkel’s exit

Angela Merkel’s era in Germany definitely comes to an end. It coincides, not necessarily in a causal manner, with the extreme right and xenophobic rising tendencies in the country’s political and social structures. These developments will put not only Germany to a political limbo but they will also freeze the progress of the European Union […]

Parallel downfalls of Merkel and Deutsche Bank threaten Germany and Europe

Only a few years ago, Germany’s stars of pride and accomplishment were personified and embodied in the unparalleled triumphant stories and achievements of Chancellor Angela Merkel and Deutsche Bank. They both had amazed Europe and the world, with their successes in the politico-economic universe. Until the legislative elections of September 2017, and probably sometime earlier […]

Can a Bavarian Oktoberfest beer indulger bring down the Berlin government?

In the late hours of last Monday, Horst Seehofer the Bavarian, a right wing politician and standard Oktoberfest beer indulger, who has lately discovered the attractions of anti-immigration rhetoric, finally backed off from his threats to bring down Angela Merkel’s Federal government. He is the President of the right wing Christian Social Union party present […]

The Bavarians threaten Berlin and Brussels with immigration crisis

In an unprecedented move, the German Interior Minister is betraying his boss – Chancellor Angela Merkel – and is forming an anti-refugee alliance with the extreme right-wing Austrian government and the precarious new Italian populist administration. The impossible German Interior Minister, Horst Seehofer, the leader of the Bavarian CSU party and junior partner in the […]

Germany resists Macron’s plan for closer and more cohesive Eurozone; Paris and Berlin at odds

Last week, surprising everybody, Francois Villeroy de Galhau, Governor of the Bank of France and member of European Central Bank’s Governing Council said that the decision to stop ECB’s extraordinarily accommodating monetary measures this year, is premature. So, according to him, the central bank must continue applying its extra relaxed measures well beyond this year. […]

The West cannot ignore Russia; dazed Germany sitting on the fence

After the missile attacks by the Western trio of US, Britain and France against Damascus and other positions in war torn Syria, the Russian overlords and Assad regime in that part of the world, continues pursuing their agenda, as if nothing happened. From a certain angle truly nothing has changed regarding the military and political […]

Is Germany’s political landscape becoming a breeding ground for extremism?

Last Week, the German center left Social Democratic Party (SPD) decided to cooperate once more with the country’s conservatives, the Christian Democratic Union and its Bavarian sister Christian Social Union. They are to negotiate the formation of a grand coalition government, understandably under Chancellor Angela Merkel. This development may now seem the only mathematically possible […]

Chauvinism and xenophobia will lead to global assertiveness and more wars

The immigration crisis of 2015 in Europe exposed the hollowness of the political system of the new millennium in the Old Continent, anguishing to cover the huge social cavities the economic neo-liberalism has created. Unfortunately, economic neo-liberalism didn’t lead to political liberalism, but instead to chauvinism, xenophobia and the insurgence of the extreme right wing […]

Elections results: Austerity’s black to prevail in the new multicolored German government

During the past ten years, Germany has become a politically boring country and yesterday’s election is not going to change that, despite the loss of around one million votes for the Chancellor’s party. Angela Merkel’s win came to none’s surprise and the results permit her to embark on a fourth term in the top job. […]

The Americans are preparing for the next financial crisis

Last week, Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, in more than one ways revealed that the American central bank prepares to confront the next financial downturn. On Wednesday, 28 September, speaking at the House Financial Services Committee in Washington D.C. , she defended the Fed’s rigorous supervision over […]

Why is Merkel’s Germany so liberal with the refugees? Did the last elections change that?

There are many lessons to be learned from last Sunday’s elections in Germany. For one thing, the widely expected electoral setback that the German Chancellor Angela Merkel and her Christian Democratic Union party (CDU) experienced last Sunday doesn’t seem to constitute a major blow to her dominant political status. She continues to be the central […]

Does the Greek deal strengthen the Eurozone? Markets react cautiously

Is Eurozone strengthened after the Greek deal? At first reading the answer is a straightforward ‘yes’ because the other option, the Grexit, the exit of the country from the euro area, would have reversed the theoretically irreversible participation in the monetary zone. According to the Treaties, on which the Economic and Monetary Union (EMU) of […]

War of words in Davos over Eurozone’s inflation/deflation

During the last two days, Friday and Saturday, of this year’s Davos gathering of the rich and powerful, an intense debate about Eurozone’s inflation or rather deflation, divided once again the Old Continent between Germans and…anti-Germans. Ollie Rehn, the Finn European Commission Vice-President and Commissioner responsible for finance and the euro, said that the currently […]

Britain and Germany change attitude towards the European Union

Two different developments, completely unrelated with each other, at least in the first reading, took place yesterday and may shape the future of the European Union in the near future. In the first instance the British Prime Minister, David Cameron, on official visit to China, had a quite unpleasant morning yesterday being badly molested by the […]

Renewed pressures on Berlin to adopt growth policies

Yesterday, the European Commission in Brussels announced that euro area growth prospects are sluggish, and downgraded the projected rate of GDP increase for 2014, from 1.2% to 1%. Also yesterday President Manuel Barroso, while speaking in Saint Paul’s Church in Frankfurt, where the first democratically elected Parliament of Germany was convened, called on this country […]

CDU-SPD agree the terms for EU’s Banking Union

With the talks on the formation of a coalition government, involving Angela Merkel’s CDU and the German socialists of SPD having progressed as far as to cover the issue of Eurozone’s bank resolution mechanism, it seems that the main elements of an agreement over the completion of the European Banking Union are now in place. […]

Brussels waits for the Germans to arrive

European Council president Herman Van Rompuy in a four short lines announcement congratulating Angela Merkel on her victory in yesterday’s elections repeats her name twice, plus once in the title. This is rather too much in a fifty words official statement. The announcement written in the usual official language avoids celebrating the CDU-CSU victory but […]

Merkel’s triumph will make Berlin more unbending

Angela Merkel’s personal triumph in the German elections yesterday will not change the European political scenery much but it will certainly affect the way some things are done in Brussels and probably in Berlin, if the socialists of the SPD finally join the winning Christian democrats of CDU-CSU in a grand coalition government. In any […]

Two women threaten to tear the world apart

 The women’s lib movement can be very proud nowadays. Suffragettes must be very happy. Their kind in a few decades managed not only to vote but to hold in their hands the fate of the globe. All that because this week became clear that Christine Lagarde, heading the International Monetary Fund and Angela Merkel, leader […]