Article | May 21, 2012 - 5:54pm
“In the June election the Greek voters will choose to either remain in the euro area or exit from it”, the British Prime Minister David Cameron said from the United States, where he is attending the G8 and the NATO summits.
“In the June election the Greek voters will choose to either remain in the euro area or exit from it”, the British Prime Minister David Cameron said from the United States, where he is attending the G8 and the NATO summits.
Blog entry | May 20, 2012 - 10:34pm
The election of Francois Hollande as French president, as well as being a big political story, is a big economic one; one propeller of the twin engine of the European Union and its single currency has been replaced, the other, German Chancellor, appears to be stuttering. After recent electoral setbacks, the chancellor looks politically vulnerable ahead of next year’s federal elections, and as more and more under pressure to ease-up on the rhetoric of austerity, as leaders and politicians around Europe take the cue from Hollande and start talking growth.
Blog entry | May 20, 2012 - 10:32pm
Even from a business point of view, the spectacle of the newly appointed French President François Hollande running to Berlin, practically minutes after his official inauguration, was by itself a strong message; France is not to question the German prerogative in the European Union and of course in the Eurozone.
Article | May 17, 2012 - 3:48pm
There are converging estimates that a potential Greece's exit from the Eurozone may cost up to one trillion. A large part of it will be born by this country itself. It will income losses over a number of years, due to an unprecedented recession and uncontrollable inflation.
There are converging estimates that a potential Greece's exit from the Eurozone may cost up to one trillion. A large part of it will be born by this country itself. It will income losses over a number of years, due to an unprecedented recession and uncontrollable inflation. The largest part of it however will be born by the other weak Eurozone countries. There will be also huge losses for central countries like France, Germany and Holland due to the exposure of their lenders to the Greek banking system.
Article | May 17, 2012 - 12:19pm
With the dignitaries in Brussels, Berlin, Paris and Washington having already termed the next Greek legislative election a referendum, with one question to be answered by voters 'stay or leave the Eurozone', Greek citizens continue to be bewildered.
With the dignitaries in Brussels, Berlin, Paris and Washington having already termed the next Greek legislative election a referendum, with one question to be answered by voters 'stay or leave the Eurozone', Greek citizens continue to be bewildered.
Article | May 17, 2012 - 11:06am
Following the Christian Democrats’ (CDU) defeat in North Rhine Westphalia in the state elections, the suggestions have been that resistance to Chancellor Merkel’s austerity measures are growing.
Following the Christian Democrats’ (CDU) defeat in North Rhine Westphalia in the state elections, the suggestions have been that resistance to Chancellor Merkel’s austerity measures are growing.
Article | May 16, 2012 - 12:55pm
Braving lightning, the new French President made his first official visit to Berlin
Even from a business point of view, the spectacle of the newly appointed French President François Hollande running to Berlin, practically minutes after his official inauguration, was by itself a strong message; France is not to question the German prerogative in the European Union and of course in the Eurozone.
Article | May 15, 2012 - 2:22pm
Following astounding victories in recent elections in North-Rhine Westphalia and France, European left decided to ambush German Chancellor Angela Merkel on 15 May.
Article | May 15, 2012 - 12:11pm
François Hollande was sworn in as president of France on 15 May to become the first Socialist to hold the highest post in the country in 17 years. Hollande announced that his first actions would be to name his prime minister and then to fly to Berlin for talks with German Chancellor Angela Merkel.
François Hollande was sworn in as president of France on 15 May to become the first Socialist to hold the highest post in the country in 17 years. Hollande announced that his first actions would be to name his prime minister and then to fly to Berlin for talks with German Chancellor Angela Merkel.
Article | May 15, 2012 - 8:03pm
According to French officials new President Francois Hollande's jet was hit by lightning en route to Berlin, as it was scheduled to have his first key talks with German Chancellor Angela Merkel.
The plane was forced to turn back to Paris as a precaution for inspection, Defense Ministry spokesman Gerard Gachet said.
Francois Hollande was transferred to another aircraft and took off few minutes later.
Article | May 14, 2012 - 12:24pm
There is growing evidence that the Eurozone is about to change its course of severe austerity inspired by the German Christian democrats (CDU) of Angela Merkel, because neither the countries which apply those highly unpopular measures like Greece and Italy, nor the German voters themselves seem to be happy with it.
There is growing evidence that the Eurozone is about to change its course of severe austerity inspired by the German Christian democrats (CDU) of Angela Merkel, because neither the countries which apply those highly unpopular measures like Greece and Italy, nor the German voters themselves seem to be happy with it.
Blog entry | May 13, 2012 - 11:26pm
The day after he is to take the oath as president of France, François Hollande, is expected to travel to Berlin on 16 May to meet the German, Chancellor Angela Merkel.
Article | May 11, 2012 - 4:39pm
Chancellor Angela Merkel speaking at the German Bundestag has appeared uncompromising in her position that whatever plan is to be discussed over enhancing Eurozone's growth potential, cannot be financed with borrowed money and more government budget deficits.
Chancellor Angela Merkel speaking at the German Bundestag has appeared uncompromising in her position that whatever plan is to be discussed over enhancing Eurozone's growth potential, cannot be financed with borrowed money and more government budget deficits.
Article | May 9, 2012 - 11:04am
Article | May 8, 2012 - 12:33pm
Never in the past has the European project occupied such a central and crucial position in the national politics of any EU member state than in the Greek and French elections of 6 May.
Never in the past has the European project occupied such a central and crucial position in the national politics of any EU member state than in the Greek and French elections of 6 May.
Article | May 8, 2012 - 11:14am
The formation of a government in Greece is becoming a burning issue for the entire Eurozone. The results of the Sunday 6 May elections tuned out an absolutely fragmented political scenery.
The formation of a government in Greece is becoming a burning issue for the entire Eurozone. The results of the Sunday 6 May elections tuned out an absolutely fragmented political scenery, with even a pro-Nazi group, the Golden Dawn, until last week a marginal bunch of bullies, getting 7% and 21 deputies in a house of 300. Another new extreme right-wing formation of 'Independent Greeks' got 10.6% and 33 deputies.
Article | May 7, 2012 - 3:53pm
With Greece obviously ungovernable after yesterday's elections that turned out an fragmented political landscape, and François Hollande's victory in the the presidential race in France, European capital markets opened today with heavy losses.
With Greece obviously ungovernable after yesterday's elections that turned out an fragmented political landscape, and François Hollande's victory in the the presidential race in France, European capital markets opened today with heavy losses.
The Athens stock exchange started at 8.5% down, with the rest of bourses losing up to 2%. The euro also lost some ground.
Article | May 7, 2012 - 4:53pm
With the prospects for the formation of a viable government in Athens after elections on 6 May appearing very slim, the first reaction from Berlin and Brussels was to point out to the country's obligations towards the Eurozone.
With the prospects for the formation of a viable government in Athens after elections on 6 May appearing very slim, the first reaction from Berlin and Brussels was to point out to the country's obligations towards the Eurozone.
Blog entry | May 6, 2012 - 11:07pm
It seems that the strong criticism worded by various sources against Eurozone's, or rather Germany's stubbornness to limit policy options only to austerity is finally paying dividends. Last week's New Europe observes pertinently: “The International Monetary Fund (IMF) in its recent spring conference came to the conclusion that Europe had done a lot towards fiscal consolidation, but the time has come to pay attention to growth”.
Blog entry | May 6, 2012 - 11:09pm
Whatever the outcome of the French and the Greek elections on 6 May, the Eurozone will never be the same as before. In both those elections there will be a message sent also to Brussels and Berlin, and even Washington and New York as well. In some respects on election night, Athens may emit a much louder and clearer braodcast than Paris.
Article | May 5, 2012 - 12:51pm
On the eve of Next Berlin, we came across an interesting panel discussion amongst venture capitalists. A discussion about startups in Europe, why they move to the Silicon Valley, and how the VC market is structured.
On the eve of Next Berlin, we came across an interesting panel discussion amongst venture capitalists. A discussion about startups in Europe, why they move to the Silicon Valley, and how the VC market is structured.
Article | May 4, 2012 - 3:44pm
Neelie Kroes, vice president of the European Commission responsible for Digital Agenda, has admitted that the Anti-Counterfeiting Trade Agreement (ACTA), will probably fail in Europe.
Neelie Kroes, vice president of the European Commission responsible for Digital Agenda, has admitted that the Anti-Counterfeiting Trade Agreement (ACTA), will probably fail in Europe.
“We have recently seen how many thousands of people are willing to protest against rules which they see as constraining the openness and innovation of the Internet. This is a strong new political voice.”, she explained at the Re:publica conference in Berlin, on 4 May.
Article | May 2, 2012 - 12:42pm
The German Minister of Finance, Wolfgang Schaeuble, after meeting in Berlin with his Spanish counterpart, Luis de Guindos, at the beginning of this week, said that the European Union has to produce policies favouring growth and stressed the role the European Investment Bank can play in mobilising new investments in infrastructures.
The German Minister of Finance, Wolfgang Schaeuble, after meeting in Berlin with his Spanish counterpart, Luis de Guindos, at the beginning of this week, said that the European Union has to produce policies favouring growth and stressed the role the European Investment Bank can play in mobilising new investments in infrastructures.
Article | May 2, 2012 - 2:23pm
Jean Claude Juncker, the president of Eurogroup, speaking in an interview on 2 May, strongly criticised Germany and France for their policies to counter the Eurozone's debt crisis.
Jean Claude Juncker, the president of Eurogroup, speaking in an interview on 2 May, strongly criticised Germany and France for their policies to counter the Eurozone's debt crisis, but he said that the German minister of Finance, Wolfgang Schaeuble is the best choice to succeed him at the head of the 17 ministers of Finance group, next month when he resigns this post.
Blog entry | April 30, 2012 - 11:22am
BERLIN – There can be little reasonable doubt today that the People’s Republic of China will dominate the world of the twenty-first century. The country’s rapid economic growth, strategic potential, huge internal market, and enormous investment in infrastructure, education, and research and development, as well as its massive military buildup, will see to that.
BERLIN – There can be little reasonable doubt today that the People’s Republic of China will dominate the world of the twenty-first century. The country’s rapid economic growth, strategic potential, huge internal market, and enormous investment in infrastructure, education, and research and development, as well as its massive military buildup, will see to that. This means that, in political and economic terms, we are entering an East and Southeast Asian century.
