A European Germany has become a German Europe — and it’s all downhill from here.
BY PAUL HOCKENOS | DECEMBER 9, 2011
Now that Britain has sidelined itself from the historic “fiscal compact” concluded in Brussels on Dec. 9, which provides the EU with new powers to enforce stricter discipline in national budgets, the community appears even more fiercely segregated within its own ranks. Pathetically, the Brits walked not because of the starkly deficient democratic procedure or the fact these governance changes wouldn’t adequately address the euro quagmire, but rather to protect London’s financial services industry from regulations that were part of the deal.
This isn’t the way European Union was supposed to work, not at all, and Germany’s one-woman show — ostensibly in Europe’s name — could well doom the continent’s beautiful project. Merkel may look like the big winner today, seemingly with Europe at Germany’s feet, but this turn of events could well prove to no country’s detriment more than Germany’s.
Read the full story here: Foreign Policy
- A more German Europe? (chaskell.wordpress.com)
- You: Mysterious Merkel (thedailybeast.com)
- Why Britain and the EU Still Need Each Other (curiouscapitalist.blogs.time.com)
- Germany’s hand will be uppermost as Europe writes new fiscal rules (latimes.com)
- Angela Merkel Is Using The Rest Of Europe To Buffer Germany From The Coming Threat Of China (businessinsider.com)
- Eurounison: Merkel and Sarkozy propose new EU treaty (rt.com)
- Did Britain secede from Europe? (ricrx.wordpress.com)
- Europe’s prevailing uncertainty, and new realities (thehill.com)