The refugee crisis shows no respect for pacts. Not even the stability pact, which is difficult to enforce when many countries vote for change facing an economy without growth. It’s easier to wait for money from heaven.
Articles by Lidia Conde
About the Author
After the 2006 publication of his book “The Crash is Coming,” economist Max Otte became famous. In 2011 he launched another best seller, “Stop the Euro Disaster!,” which signalled the exit of Greece from the euro area and recommended that Spain return to the peseta. Otte has always argued that the euro has not united Europe.
The conservative members of Angela Merkel’s Christian Democratic Party (CDU) do not understand that she does not want to put a limit on the number of refugees. And now even her coalition partner in Berlin, the Social Democrats, criticise her for underestimating the scale of the challenge. So to what extent will Merkel be able to impose her ideas? Who can replace her? Is it a viable proposition to integrate all asylum seekers who arrive in Europe?
Michael Wolgemuth, board member at Germany’s Konrad Adenauer Foundation thinks it will take time for there to be reconciliation eventually between creditors and debtors in the euro area. The key is to know and regulate what both parties need to take into account in the event of a state becoming insolvent.
What future is there for Europe if each country understands the European destiny in its own way? The aim is to stabilise the euro. But each country has a different solution for achieving that. And at the centre of all the debates is Germany. Whatever it does, it upsets the apple cart.
Chancellor Angela Merkel’s ‘open door’ refugee policy could cost her her job as well as cause an unwanted shift to the right in Germany.
FRANKFURT| March 19, 2015 | By Lidia Conde | The German economy is posting impressive growth figures, but does the country’s success act as a help or hindrance to it’s European partners?
FRANKFURT | By Lidia Conde | Is Germany living in a crazy world? That’s what many journalists hint at. “The tortoise cycle will continue,” says Johannes Müller, responsible for the management of Deutsche Bank’s large estates. “The interest rates will remain rock-bottom at least until 2016.” This represents an opportunity for the stock exchanges, because the fear of risk is decreasing. “The ECB wants to weaken the Euro with its low interest rates policy, which is also an opportunity to invest in Dollars and real estate.”
FRANKFURT | By Lidia Conde | The headlines on the German media would suggest that we live in a crazy world or on the edge looking into the abyss. The fear of a potential catastrophe due to the anti-crisis policy by Mario Draghi and Janet Yellen has led to many different theories and proposals.
FRANKFURT | By Lidia Conde | It is time to grow! Well, that’s everybody’s motto. However nobody agrees on how. That’s why the European Central Bank is moving ahead with its bond-buying program. After all, if the ECB steps away from its inflation target, the structural unemployment rate would increase and the potential economy growth would be reduced.