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Merkel Urges Party to Help Save Euro
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German chancellor, Angela Merkel, appeals to members of the Christian Democratic Party to support the European project at a party convention in Leipzig on November 14, 2011. "We live in times of epic change. Our political compass has not changed. But the context is constantly changing," said Merkel. The 2 day convention used the motto: "For Europe. For Germany." Her message was that it will take years of hard work to fix the crisis and yet this has created an opportunity to put the European project on a sounder footing. Finance Minister Schauble put it succintly as he supported Merkel's appeal: "We now need to build the political union in Europe we never managed to build in the 90's." This comes as changes are taking place in Europe with new unity governments being formed in Greece by Mario Monti, a former EU commissioner, and in Greece by Papdemos, another EU official. And it comes as a head of Italy's central bank, Mario Draghi, who had pushed for stricter controls on spending by the Italian government, is now the head of the European Central Bank. Merkel also hit on the theme of a stricter financial union, and the need for courage to change the treaty underlying the European monetary union to allow strong, automatic sanctions for violations of the treaty. She also emphasized that the government had ruled out issuance of eurobonds that makes the EU as a whole responsible for the debt of individual countries. On that point she said: "Everywhere we look we find behaviour that cannot go on for long. Everywhere people are living as if there is no tomorrow."
The Pew Research Center poll and opinion during the economic downturn in France, Germany, Italy, Spain and Britain towards the European Union
10/11/2011
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Poll Shows European Union Loses Favor on Continent
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Merkel Urges Party to Help Save Euro
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Germany's Surplus Isn't the Problem
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Angela Merkel's handling of the financial crises in eurozone countries
04/29/2010
The German response to the debt crisis in the eurozone and the events in 2011-2012.
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As Greek Drama Plays Out, Where Is Europe?
New York Times 04/29/2010
Germany Clears Rescue for Greece
New York Times 05/03/2010
Economist 05/13/2010
Germans Respond to Merkel's 'Motherly' Side
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Merkel Wins Big in German Election
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Germany's Surplus Isn't the Problem
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The Sarkozy-Merkel meeting in Deauville, France, October 18, 2010, that sets the stage for a closer union for the EU.
12/27/2010
Germany and France make the momentous decision to move forward with a closer fiscal union of the 16 nation European Union. The efforts to build anew the conditions for the Euro to succeed. The vision of a united Europe persists.
Grouped Articles
New Attempt at French-German Amity Stumbles in Venice
Wall Street Journal 08/21/2013
Germans Respond to Merkel's 'Motherly' Side
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German Election Overturns Political Order
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New York Times 05/22/2014
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As Ireland Flails, Europe Lurches Across the Rubicon
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The growing debate over bondholder haircut, easy money policies, sacrifices, and austerity policies.
11/25/2010
This debate puts British prime minister Cameron, and German chancellor Angela Merkel, on one side, with US President Obama, US central bank chairman Bernanke and other leaders on the other side. The blanket Irish guarantee of all Irish bank debt is an example of improper action that could have prevented the need for an Irish bailout, when guaranteeing only retail Irish bank debt would have worked. Merkel has insisted on bondholders sharing in bank losses, and tougher action required for countries receiving bailouts.
Grouped Articles
A Crisis Needing More Sacrifice
New York Times 11/25/2010
Crises Shake German Trust in Euro Zone
New York Times 11/26/2010
EU Outlines Bond Restructuring Plan
Wall Street Journal 11/28/2010
Europe Backs Irish Rescue and New Rules on Bailouts
New York Times 11/28/2010
Wall Street Journal 12/02/2010
'Contagion' and Other Euro Myths
Wall Street Journal 12/02/2010
Dutchman Bob Traa's mid-2009 IMF report on Greece and the warning light on Greece
03/03/2010
Analysts point to the lack of immediate action as the main reason the crisis is spiralling out of control. The IMF report in mid 2009 raised the alarm on Greece's financial situation. One estimate is for bondholders needing to take 85% haircut on loans to Greece, instead of the 50% agreed to under the EU plan in November 2011. The situation has worsened as ECB president Trichet and others in the EU pushed austerity plans on Greece without working out needed serious debt reduction of over half the debt in 2009. The idea of a default in the eurozone was considered unthinkable, leading to errors in judgement by decisionmakers.
Grouped Articles
Greek Debt Crisis: The Back Story
New York Times 08/13/2011
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06/07/2013
Wall Street Journal 03/03/2010
Past Rifts Over Greece Cloud Talks on Rescue
Wall Street Journal 10/07/2013
Italy- government debt, credit ratings, and borrowing costs 2010-2013
05/14/2010
Italy's borrowing costs went up to 5.7% a week after the July 22, 2011 eurozone debt deal for Greece.
Grouped Articles
Return of Long-Term Bond Buyers Seen as Crucial to Europe
New York Times 06/29/2012
Italian Vote Turns in Bonds' Favor
Wall Street Journal 04/23/2013
Italy Urged to Resist a Relapse in Spending
Wall Street Journal 05/03/2013
Wall Street Journal 05/14/2010
Europe Bonds May Offer More Value
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The Key to Italy's Rating Is Kept in Canada
Wall Street Journal 11/02/2013
Mario Monti, as head of the new Italian government in November 2011
11/10/2011
Former European Commissioner, Mario Monti, is the top candidate to head the new administration in Italy.
Grouped Articles
Italy's Monti Hopes Summit Win Plays at Home
Wall Street Journal 06/29/2012
Italian Prime Ministerâs Political Acrobatics
New York Times 04/28/2013
‘The European Union needs Italy’ - The Washington Post
Washington Post 10/18/2013
Italy Front-Runner Seen as Political Outsider
Wall Street Journal 11/11/2011
Rome Plan for Growth Garners EU Praise
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Can Italy Put Berlusconi Behind It?
New York Times 11/10/2011
France and the Euro currency
01/13/2011
Grouped Articles
Wall Street Journal 01/14/2011
Europeâs Odd Couple: Sarkozy and Merkel
New York Times 01/13/2011
Economist's Rise on World Stage Was Marked by Repeated Setbacks
Wall Street Journal 05/20/2011
France: Reforming gloomy France
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French Growth Falls to a Flat Zero
Wall Street Journal 08/13/2011
Economist 08/13/2011
Italy, Spain and austerity measures- 2011-2013
08/08/2011
Analysts point to the austerity measures adopted by Italy and Spain much earlier than other countries in the eurozone. The risk now is cutting into muscle as growth for 2011 is expected to be below 1% in both countries. Italy say analysts is actually in surplus when the interest on debt is excluded.
Grouped Articles
Italy Urged to Resist a Relapse in Spending
Wall Street Journal 05/03/2013
Still Sputtering, Spain Turns Away From Cuts
Wall Street Journal 05/12/2013
German Election Overturns Political Order
Wall Street Journal 09/23/2013
New York Times 11/03/2013
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
European Finance Ministers Support Investment Program
New York Times 09/14/2014
The 2011 Christian Democratic Union Party Convention in Leipzig, Germany
07/13/2011
It was at the 2003 CDU convention in Leipzig that Angela Merkel told delegates that the CDU would return Germany to it position of economic leadership in Europe.
Grouped Articles
Wall Street Journal 07/13/2011
Merkel Offers Her Election Manifesto
New York Times 06/24/2013
Greek Crisis Shows How Germany’s Power Polarizes Europe
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Merkel Party Seeks Euro Exit Policy
Wall Street Journal 11/15/2011
Merkel Urges Party to Help Save Euro
Wall Street Journal 11/14/2011
European Bank Chief Pushes Back
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The 50th anniversary of the Elysee Treaty between France and Germany
03/18/2011
The Elysee Treay was signed by Konrad Adenauer and Charles de Gaulle in 1963. New stamps commemorating the event were issued by Germany and France in 2013.
Grouped Articles
Merkel Urges Party to Help Save Euro
Wall Street Journal 11/14/2011
New Attempt at French-German Amity Stumbles in Venice
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Exploring a World War I Battlefield 100 Years Later
New York Times 08/21/2014
France and Germany Celebrate 50th Anniversary of the Elysee Treaty
New York Times 01/22/2013
Wall Street Journal 03/18/2011
The Man Who Saved Europe the Last Time
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German chancellor Merkel's coalition government with the Free Democrats (FDP) in 2010-2013
06/28/2010
Grouped Articles
Germans Respond to Merkel's 'Motherly' Side
Wall Street Journal 08/23/2013
Presidential Vote Will Test Merkel
Wall Street Journal 06/28/2010
Merkel Looks to Recharge Her Ratings
New York Times 07/21/2010
German Industries Rebuke Chancellor
Wall Street Journal 08/21/2010
BusinessWeek 09/30/2010
Crises Shake German Trust in Euro Zone
New York Times 11/26/2010
What does Germany want from the Euro and the European Union? The Euro issue facing Germany in 2011-2015
03/03/2010
German political leaders do not want a "transfer union." At the same time they want to keep the European Union, just as much as Chancellor Kohl and Chancellor Adenauer. Merkel, Schroeder, Schauble and other leaders agree on the need for the European Union. The question is how to bring fiscal discipline to the EU, even if this means redesigning the structure of the EU. The vision of a united Europe persists.
Grouped Articles
Wall Street Journal 03/03/2010
Germany's Surplus Isn't the Problem
Wall Street Journal 11/11/2013
New York Times 05/22/2014
Greek Crisis Shows How Germany’s Power Polarizes Europe
Wall Street Journal 07/07/2015
Economist 08/08/2015
Charlemagne: Germany’s euro question
Economist 09/10/2011
The Wall Street Journal's editorials on solutions to the Eurozone financial crisis- 2011-2012
07/13/2011
Grouped Articles
Wall Street Journal 07/13/2011
Wall Street Journal 10/08/2011
Merkel Urges Party to Help Save Euro
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In euro zone crisis, Germany is the reluctant savior - The Washington Post
Washington Post 12/04/2011
Wall Street Journal 04/26/2012
Italy and the financial crisis contagion effect from Greece.
05/14/2010
Grouped Articles
Wall Street Journal 05/14/2010
Wall Street Journal 05/22/2010
Italy's Shot of Southern Discomfort
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Wall Street Journal 12/02/2010
New Rescue Package for Greece Takes Shape
New York Times 05/31/2011
Italy the economy: For ever espresso
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Lucas Papademos as the new prime minister of Greece in Nov. 2011
11/10/2011
Papademos was vice president of the European Central Bank. He was a classmate of Mario Draghi at the Massachusetts Institute of Technology.
Grouped Articles
Economist Lucas Papademos Named Prime Minister of Greece
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Merkel Urges Party to Help Save Euro
Wall Street Journal 11/14/2011
Greeks Welcome Papademos as New Prime Minister, Polls Show
Wall Street Journal 11/14/2011
New York Times 11/15/2011
As Nations Bet on Technocrats, Odds Look Stiff
Wall Street Journal 11/17/2011
European Bank Chief Pushes Back
Wall Street Journal 11/19/2011
France and Germany- efforts to define the European Union in 2010-2015
08/19/2010
Grouped Articles
Poll Shows European Union Loses Favor on Continent
New York Times 05/13/2013
New Attempt at French-German Amity Stumbles in Venice
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New York Times 05/22/2014
Economist 08/08/2015
Charlemagne: The neighbours fall out
Economist 08/19/2010
BusinessWeek 09/30/2010
France's austerity plans and pension reform 2010-2014
06/16/2010
Grouped Articles
New York Times 11/10/2013
Hard times force French to work longer -- to age 62
Washington Post 06/16/2010
France's Lagarde Forecasts Austerity
Wall Street Journal 06/23/2010
French Unions Protest Pension-Age Overhaul
Wall Street Journal 09/08/2010
French Senate Passes Pension Bill
New York Times 10/22/2010
French Cabinet Is Dissolved, a Victim of Austerity Battles
New York Times 08/25/2014
Italy's austerity measures- 2011-2013
06/30/2011
Grouped Articles
Italy Urged to Resist a Relapse in Spending
Wall Street Journal 05/03/2013
How Righteousness Killed the World Economy
New York Times 10/12/2014
EU Won’t Reject French, Italian Budgets
Wall Street Journal 10/28/2014
New York Times 11/30/2014
Italian Government Advances Austerity Plan
New York Times 06/30/2011
Wall Street Journal 07/12/2011
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