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The initiative by Economics ministers Sigmar Gabriel and Emmanuel Macron to seek advice of 2 economists at the Berlin Institute of Governance to restore eurozone growth
10/14/2014
The initiative of the German and French Economics ministers Sigmar Gabriel and Emmanuel Macron to call on lecturers Pisani-Ferry and Henrik Enderlein for advice, comes at a time when Germany's growth has declined to zero or negative in the second half of 2014. Both are critics of Merkel's policies. For the first time Merkel is listening to different opinions and advice even as the government says it is sticking to balanced budgets. Finance minister Schauble continues to say investment should be mostly private. ECB president Draghi has generated the discussion by saying at a Brookings Institution conference in Washington D.C. that governments with fiscal space (referring to Germany) should provide stimulus. He added that eurozone governments that do not listen to new advice about generating growth will be swept away by public opinion. German officials privately say they can understand the Hollande government's situation with favorability ratings of 18% at the lowest level of any postwar French government. The situation is now markedly different from before with Berlusconi's old politics gone in Italy, and Matteo Renzi having obtained the largest mandate of any eurozone leader in the recent EU parliamentary elections, receiving 40% of the vote. Renzi and French premier Manuel Valls are pushing for less austerity reflected in the 2015 French budget now being reviewed in Brussels.
Grouped Articles
Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’
Wall Street Journal 10.14.2014
Germany’s flagging economy: Build some bridges and roads, Mrs Merkel
Economist 10.17.2014
Growth Fears Grip a Divided Europe
Wall Street Journal 10.17.2014
Government Holds Firm in Germany in Face of Weakening Economy
New York Times 10.17.2014
EU Won’t Reject French, Italian Budgets
Wall Street Journal 10.28.2014
European Union Blinks in Budget Battle With Italy and France
New York Times 10.28.2014
Eurozone GDP Shows Meager Expansion
Wall Street Journal 11.15.2014
German Business Sentiment Rises Unexpectedly in November
Wall Street Journal 11.25.2014
New York Times 11.30.2014
Falling Oil Prices Spur New Bets on Global Economic Growth
Wall Street Journal 12.08.2014
ECB Executive Board’s QE Proposal Calls for Roughly €50 Billion in Bond Buys Per Month
Wall Street Journal 01.21.2015
France’s Hollande Casts Fate With Ex-Banker Macron
Wall Street Journal 03.09.2015
European Central Bank Leaves Rates Unchanged
WSJ 09.08.2016
The vote that could wreck the European Union
The Economist 05.12.2017
Emmanuel Macron Interview on French Election Campaign - SPIEGEL ONLINE
SPIEGEL ONLINE 03.17.2017
French presidential debate: Macron accuses Le Pen of lying | News | DW.COM | 20.03.2017
DW.COM 03.20.2017
In Populists vs. Establishment, the Establishment Strikes Back
WSJ 03.27.2017
Opinion | Emmanuel Macron Mounts a Patriot’s Challenge to Marine Le Pen
The New York Times 04.24.2017
French elections: Macron's party buoyant but turnout slumps
The Guardian 06.12.2017
Aftereffects of Eurozone Crisis Plague Europe’s South
WSJ 06.01.2018
France: Emmanuel Macron goes from Europe’s hero to zero
The Times 12.05.2018
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