There’s an important election coming up on 22 September. Germany goes to the polls and everyone’s expecting current Chancellor, Angela Merkel, to be reinstated. If you didn’t catch my previous post, click here to get a quick primer on the election and the parties involved. Regardless of where the votes go later this month, there are several policy steps that Germany will have to address in 2014 regarding its European neighbors: bonds, bailouts, and banking unions. Read more
Posts tagged ‘EU’
Last week saw two German defeats within 24 hours. On the football field, Mario Balotelli led Italy to a 2-1 victory over Germany in the UEFA Euro 2012 semifinals. In Brussels, it was another Mario that dealt Germany a defeat of sorts at the Eurozone summit. Italian prime minister, Mario Monti successfully pushed aside German objections and won agreements to create a single Eurozone banking regulator and to allow bailout funds to lend directly to struggling banks.
With the New Coalition winning majority in Greece today this means likely compromise between Athens and Berlin. A new Greek government will be able to claim an easing in austerity. And the Germans can let the EU funds flow, while claiming reform.