100 years on Germany ‘pulverizes’ Europe

I found this ‘frightening’!

Falling for Germany:

“Germany’s exceptionalism is obvious. Whereas electorates across the European Union have punished their governments for the Great Recession and the euro crisis, Germans reelected Chancellor Angela Merkel and displayed strong support for her party, the Christian Democratic Union (CDU), in the recent election. Indeed, as with postwar Germany’s first leader, Konrad Adenauer, there are jokes about Merkel being Chancellor for life (Germany has no term limits).

Elsewhere, populist anti-European parties of the right have been gaining ground with campaigns directed against immigrants and minorities, especially Muslims. This has fueled concern that the populist bloc will be the largest in the European Parliament after next year’s EU-wide election.

Germany, by contrast, has no anti-European party with any serious support. Even the newly formed Alternative for Germany – which did unexpectedly well in the recent election, finishing just short of the 5% threshold needed to enter the Bundestag – insists that its anti-euro agenda is not anti-Europe. They want to end the common currency, because, in their view, it is undermining the European ideal.

Read the whole article here.

Read the original article by Professor Harold James at Project Syndicate here.

About the Author

Marcus Nunes
João Marcus Marinho Nunes is a partner of Phynance Estratégias Quantitativas e Investimentos and a professor of Economics at Fundação Getúlio Vargas in São Paulo, Brazil. He also blogs here: http://thefaintofheart.wordpress.com/

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