Political Fallout of Japan’s Nuclear Crisis Reaches Europe
While Japanese workers are furiously trying to stave off a nuclear meltdown, the political fallout has already reached European shores — in a very big way.
European Debt Crisis? You Ain’t Seen Nothing Yet!
In the wake of the Greek and Irish crises last year, analysts predicted that the collapse of the eurozone might become the big story of 2011. But while our neighbors in North Africa and the Middle East have burst into full-blown revolution, all appears to be quiet on the Western front. Or does it?
Europe in Crisis, Part III: The German Engine
As the dark clouds of austerity amass over the European continent, the EU’s economic powerhouse — Germany — still finds itself standing tall in the eye of the storm. But while the German economy ploughs on, concerns in Europe are rising about the country’s growing influence within the Union, as well as the increasingly isolationist stance of Merkel’s government and the protracted frictions in the Franco-German relationship. How can Europe address the challenges it confronts while its largest member state appears to be going it alone?
Europe in Crisis, Part II: China to the Rescue?
With the European periphery reeling on the brink of collapse, an unlikely friend has turned up offering financial assistance to those in need. What does the sudden arrival of this mystery buyer of European debt tell us about the relative decline of Europe and the rise of Asia? Should we be worried about the loss of European hegemony, and if so, is there anything we can do to stop it?
Europe in Crisis, Part I: The Age of Austerity
Europe is in crisis. The Age of Austerity has begun and the old political rules are being re-written. Where are we headed in the coming months and what can we do to overcome the two greatest challenges of our time? Over the next two months, Breakthrough Europe will be addressing these pertinent questions in a series of analyses that aims to break new ground in the debate on Europe’s future.
2010-’11: From Austerity to Collapse?
Now that the world’s various stimulus packages have been exhausted and the Age of Austerity is in full swing, troubling signs — both political and economic — are emerging that the worst of the crisis is yet to come.
Don’t Blame the Irish for the Crisis
The true roots of the Irish crisis are global and systemic in nature. If we want to avert another IMF-inspired disaster, we will have to stop blaming the Irish and take global capitalism to task for its inherent flaws and volatility.
A Greek Tragedy
The EU and IMF are showering the Papandreou government with praise — but for most Greeks the real tragedy is only just beginning.
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