... machinery is painfully slow.
These three examples are only the latest to prove that the European Union does not stand as united as it likes to believe. Czech Prime Minister... ... government debt crisis demonstrated that the reversal of the previous example could be true. Greece, with
seemingly criminal energy
, forged its financial data to gain entry to... ... Only the impact of the 2009 Global Financial Crisis revealed the scam. The EU with Germany and Merkel at its helm
fought tooth and nail
to keep Greece solvent and in...
... Werner Faymann told the Austrian national daily Der Standard.
Austria is Germany’s closest and most reliable ally in the European Union. The Austrian economy is closely connected to Germany and is based on the same model. Like the other donor countries, Austria is critical of the Greek economic policy, but ... ... French parliament to approve a new bailout package for Athens: “We have reached a crucial moment. First and foremost for Greece and the Greek people, but also for ourselves and European integration. [...] Keeping Greece in the euro[zone] and therefore ...
... sixth-month-long negotiation process came to a weird end on July 12, 2015. Why should we call this process “weird”? First because of the text that is to be signed by the European parliaments. This piece of paper is not the end of the story between Greece and its creditors. On the contrary, it is a new start for both Greece and Germany as well as Europe more generally. The second reason is due to the process of negotiations itself. However, since the E.U. is a “family”, the use of threats and blackmail was too obvious. Nonetheless, these main questions should not ...
... Brussels. Regardless of the success or failure of the current bailout agreement, the European Union’s integration project will become more dysfunctional while there... ... no economic parity among members and a strict political hierarchy—inevitably Greece or another debtor will refuse to continue and will opt for its own route outside... ... division growing in Europe. The regional north-south divide remains strong, however Germany's extremely demanding position has threatened to split the traditional...
Grexit: Economic Implications for Greece, EU and the Rest of the World
The January 25, 2015 could be perceived as a milestone for both Greek and European political ... ... depression, Greece underlines that its economic incapacity has been misperceived by its partners. The European states and especially Germany have been regarding the Greek issue as a “special circumstance”, especially after PSI. Is Greece a special ...
