The financial war touches Frankfurt and Berlin

Early next year the world is going to watch the culmination of the battle between Mario Draghi the President of the European Central Bank in Frankfurt am Main and Wolfgang Schäuble, the powerful German Minister of Finance based in Berlin. In this affair Draghi represents the will of the advanced world financial markets, including the […]

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. […]

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 […]

Schaeuble wants IMF out and bailouts ‘a la carte’ with Germany only to gain

Wolfgang Schaeuble, the German Minister of Finance issued an appeal yesterday to European partners to do together whatever it takes, in order to push the International Monetary Fund out of the European Union. Four years ago it was again Schaeuble and Germany the ones who demanded the cooperation of IMF in the first bailout of […]

Light at the end of the Eurozone tunnel

Dr Wolfgang Schaeuble, the German minister of Finance, drew yesterday his chauvinist rhetoric one step further, by denying the proposal that an increase of consumption demand in his country, could help the exports of the ailing Eurozone countries like Spain, Greece, Portugal, Italy and others. His outright denial was unfair, because he was in the […]