Germany not famous for easy way outs from political stalemates

And now ‘Frau Bundeskanzlerin’ what? The truth is though whatever the future holds for the German political landscape, is no good. Chancellor Angela Merkel’s failure last weekend to form a government, with a viable parliamentary majority has irreparably stained the so far pristine scenery of the country’s politico-economic affairs. The unsuccessful attempts to convince liberal […]

Parliament ready to fight for a different EU budget

Last Tuesday 12 March, when the President of the European Council, Herman Van Rompuy, was addressing an invitation letter to the 27 EU leaders for the spring EU Summit of today and tomorrow, he couldn’t know the alarming outcome of European Parliament vote on the austerity EU Budget.This draft Budget features  a deficit for the […]

EU budget agreement rejected by the European Parliament

Driven by the stubbornness of the British PM David Cameron, who was effectively supported by the austerity loving German Chancellor Angela Merkel, the EU Summit of 7-8 February agreed yesterday on the Union’s budget. Theoretically their decision binds EU spending for the seven year period of 2014-2020. The European Parliament however is of a completely […]