European leaders met in Brussels yesterday, and even going in it was clear that the countervailing forces, exemplified most by Germany and France, would not come to any agreements. And that’s just how it turned out.
|By: David Dayen Wednesday May 23, 2012 11:30 am|
French President Francois Holland offers a different manner of thinking on the euro crisis, away from austerity and toward integration through eurobonds, fiscal transfers and economic growth. On the first part, however, Germany has all but ruled out eurobonds, which would create collective credit risk across the Eurozone.
|By: David Dayen Saturday May 19, 2012 5:00 pm|
Most of the leaders of the free world are meeting at the G8 Summit today at Camp David, and it sounds like the event has the look of an intervention where the other heads of state try to sit Angela Merkel down and convince her to reverse the austerity policies that are crushing European economies and threatening the euro currency union.
|By: David Dayen Wednesday May 16, 2012 10:40 am|
German Chancellor Angela Merkel and French President Francois Hollande met yesterday in Berlin, in what was kind of an awkward summit. But they did appear united on one point: that Greece must keep their promises and stay in the Eurozone. And that could drive Greece out.
|By: David Dayen Tuesday May 15, 2012 1:00 pm|
On a day when Greece called for new elections, with serious implications for the European economy and the future of the euro, the other country with elections on May 6 swore in their new President. Francois Hollande came to power in France calling for a return to growth rather than a single-minded focus on debt reduction and austerity in Europe. He called his program a new pact
|By: David Dayen Tuesday May 8, 2012 10:40 am|
Germany’s Angela Merkel dismissed newly elected French President Francois Hollande’s call to renegotiate the European fiscal pact to include growth measures rather than merely budget constraints. But as more Euro governments face electoral opposition to austerity, Merkel’s position will become increasingly untenable.
|By: David Dayen Monday May 7, 2012 1:40 pm|
At this moment, politics in Europe is both more interesting and consequential than politics in the US. A case in point: newly-elected Francois Hollande just threw down the gauntlet with Germany, offering his ultimatum to Chancellor Angela Merkel on the future for Euro-zone financing.
|By: David Dayen Monday May 7, 2012 7:00 am|
Francois Hollande’s victory in the French Presidential election, which may actually mean less for policy in France than meets the eye – in the end, you’re talking about center-left versus center-right – nonetheless has significant repercussions for Europe and the rest of the world. This is one of the only countries Germany needs to at least pay attention to, and the “Merkozy” alliance is now broken.
|By: Phoenix Woman Sunday May 6, 2012 7:00 pm|
Obama, are you listening?