It’s time for a European Grand Bargain

Entrenched economic positioning can only hurt the region’s economy and embolden the growing Eurosceptic movements The power paradigm in Europe is rapidly changing, and Germany isn’t happy. The days when the Nicolas Sarkozy – Angela Merkel axis both dictated and drove European policy are behind us and have given way to an unlikely new pair: […]

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French and German Gulfs on Budgetary Discipline

Wonderful article by Tony Barber in the Financial Times today outlining the differences between the French and German conceptions of budgetary discipline.  I think the main differences between the two is political will.  In Germany it appears as if good budgetary policy is considered shrewd politics.  Conversely in France, particularly among the ranks of the Socialist […]

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