Techau, Jan, (2015), “Political Union Now!”, Carnegie Europe, 13 Ιουλίου Let’s put aside Angela Merkel’s economic wisdom in the Greek crisis for the moment. To be sure, as an economics layman with a penchant for fiscal conservatism, Merkel’s alleged toughness sounded reasonable to me, partly because it was well cushioned by enormous generosity. I think she basically had it right, and that her strategy for the euro crisis was better than …Read More

Slaughter, Anne-Marie, (2015), “Europe’s Civil War”, Project Syndicate, 21 Ιουλίου The negotiations leading up to the latest tentative deal on Greece’s debt brought into relief two competing visions of the European Union: the flexible, humane, and political union espoused by France, and the legalistic and economy-focused union promoted by Germany. As François Heisbourg recently wrote, “By openly contemplating the forced secession of Greece [from the eurozone], Germany has demonstrated that …Read More

Sachs, Jeffrey, (2015), “Germany, Greece, and the Future of Europe”, Project Syndicate, 20 Ιουλίου I have been helping countries to overcome financial crises for 30 years, and have studied the economic crises of the twentieth century as background to my advisory work. In all crises, there is an inherent imbalance of power between creditor and debtor. Successful crisis management therefore depends on the creditor’s wisdom. In this regard, I strongly …Read More

McNamara, Kathleen, ” Μια λιγότερο τέλεια Ένωση-Η Ευρώπη μετά την ελληνική κρίση χρέους”, Foreignaffairs, 20 Ιουλίου Η Ευρωπαϊκή Ένωση είναι ένα απαράμιλλο ιστορικό πείραμα διακυβέρνησης. Δεν υπάρχει άλλο παράδειγμα στην σύγχρονη εποχή τόσο έντονης προσπάθειας για την δημιουργία μιας ειρηνικής, ευημερούσας πολιτικής κοινότητας πέραν του έθνους-κράτους. Χαλυβδωμένη από τις στάχτες δύο καταστροφικών παγκόσμιων πολέμων και μιας μεγάλης ύφεσης, η ένωση των εθνών-κρατών έχει γίνει αυξανόμενα στενότερη μέσω αγορών, νόμων και θεσμών. …Read More

Boehnke, Olaf, (2015), “Greece and Germany’s game of chicken”, European Council on Foreign Relations Commentary, 17 Ιουλίου “We are both heading for the cliff. Who jumps first is the chicken” were the famous last words of James Dean’s opponent in the classic movie “Rebel Without A Cause”. The game of chicken is a standard model of conflict for two players in game theory. While game theorist and sometime finance minister Yanis …Read More

Mody, Ashoka, (2015), ” Germany, Not Greece, Should Exit the Euro”, Bloomberg View, 17 Ιουλίου The latest round of wrangling between Greece and its European creditors has demonstrated yet again that countries with such disparate economies should never have entered a currency union. It would be better for all involved, though, if Germany rather than Greece were the first to exit. Σχετικές Αναρτήσεις Gow, David, (2015), “Germany Undoes 70 Years …Read More

Gow, David, (2015), “Germany Undoes 70 Years Of European Policy”, Social Europe Project, 17 Ιουλίου When I was a correspondent in Germany two decades ago, in the run-up to unification and thereafter, interviews with Helmut Kohl, Hans-Dietrich Genscher and other senior politicians – such as Wolfgang Schäuble, who negotiated the two Germanys into one – would always end with the mantra: “We want a European Germany, not a German Europe.” …Read More

Cox, Michael, (2015), “Greece Surrendered, But The Real Defeat Was For Europe”, Social Europe Journal, 16 Ιουλίου In a recent article on the Greek crisis, I argued that a much bigger game was being played out in Europe over Greece – and the name of that game was deterrence. In plain English, make the terms of any deal with any rebellious, indebted, government in Europe so tough – almost unacceptable – that …Read More