ID | 139025 |
Title Proper | Stress test of German leadership |
Language | ENG |
Author | Meiers , Franz-Josef |
Summary / Abstract (Note) | The euro crisis has underscored an uncomfortable reality: German primacy. Berlin’s critics see Germany as an unstoppable juggernaut using its economic and monetary might to enforce heartless and self-righteous Calvinist austerity. Chancellor Angela Merkel has emerged as a particular lightning rod. She is perceived as the sole decision-maker in Europe, at the expense of Germany’s downgraded European Union (EU) partners. Her determination to enforce the diktat of strict fiscal austerity has, according to her critics, transformed the eurozone into an economic ‘prison’, with Germany as the gaoler, and German-inspired and German-enforced monetary-stability rules as the bars. |
`In' analytical Note | Survival : the IISS Quarterly Vol. 57, No.2; Apr/May 2015: p.47–55 |
Journal Source | Surviva Vol: 57 No 2 |
Key Words | NATO ; European Union ; Economic ; German Leadership ; Stress Test ; Monetary - Stability Rules ; Greek Debt Crisis ; German Economic Model ; European Dilemma ; Financial and Fiscal Interests ; Germany´s Foreign Policy |