The EU’s Secret Plan for a Catastrophic Grexit

The top-secret plan had been filed away in 2012, the previous time Greece had teetered on the edge of default. It was code-named “Croatia’s Accession to the European Union” to disguise that it was a doomsday scenario for the country farther south. Any hint it even existed would have sent Greece deeper into crisis, spooked financial […]

Italy’s Toying With a ‘Mini-BOT’ Worries E.U. and Investors

Even by the high standards of anxiety surrounding Italy’s troubled economy, the angst pervading the debate these days has taken on a markedly desperate air. Italy’s nationalist government is again balking at the European Union’s demands to decrease its crippling debt. Its ministers are in open war over whether to cooperate. Almost daily, it seems, […]

European Union calls for united trade and tech front against ‘rival’ China

‘Landmark’ paper appeals for more reciprocal economic relationship with bloc’s biggest trading partner. Document is a wake-up call for those in Beijing banking on EU ties offsetting trade war pressure from the US, analyst says. The European Union is urging its leaders to take a tougher stand on mounting China-related trade, technology and geostrategic concerns, […]

Germany admits EU is already building a ‘united’ army – thanks to France

Germany’s defense minister Ursula von der Leyen has revealed a controversial European joint army is “already taking shape”- thanks to her French allies. Germany and France are now the “driving forces” in European defense and they would stand together in the face of any land assault, said Ursula von der Leyen. The politician also hit back at those who criticise the European Union’s PESCO […]

Germany is the leading breaker of EU rules

No other country seems to lecture EU states as much as Germany. But, embarrassingly, Angela Merkel’s government is in breach of European regulations more than anyone else. Yes, it’s really true: Germany is the top rule breaker in the European Union. The country, which has lectured debt sinners like Greece, performs worst in complying with […]

France’s Macron reeling as tough stance against ‘yellow vests’ backfires

Emmanuel Macron intended to start the new year on the offensive against the ‘yellow vest’ protesters. Instead, the French president is reeling from more violent street demonstrations. What began as a grassroots rebellion against diesel taxes and the high cost of living has morphed into something more perilous for Macron – an assault on his […]

Italy’s beggar’s nationalism

The populist government’s reckless budget relies on other countries being ready to bail it out One of the bestselling books in Italy right now is a novel based on the life of Benito Mussolini, the Italian dictator who invented fascism. “M” by Antonio Scurati aims to be the first in a trilogy. Though several historical […]

We are deeply concerned about the future of Europe and Germany

After the 55 million deaths caused by WWII, after centuries of nationalist and imperialist wars left Europe in ruins, the peoples and the national governments across the continent finally realized that European unity was the only way to stop this madness. Immanuel Kant had had this vision 150 years earlier in his philosophical treatise “On […]

No Swift deal: Europe prepares for US Iran sanctions hit

European governments are locked in negotiations over a special purpose vehicle to safeguard trade with Iran as they prepare for a long-awaited US crackdown on Tehran’s oil and finance sectors to come into force. Hours before Monday’s launch of a US squeeze on Iran’s energy industry and central bank, European diplomats said a planned special […]

Bavarian shockwaves shake Angela Merkel’s fragile power base

Sunday’s electoral earthquake in Bavaria changed the political landscape in one of Germany’s most populous states. But its shockwaves also threaten to convulse the delicate edifice of Chancellor Angela Merkel’s power. Ms Merkel’s coalition was already looking tired and fractious before voters in Bavaria shellacked two of the three parties that make up her government […]