Friday, December 16, 2011

Angiefying the European Union

Angela Merkel has an impressively disastrous record as German Chancellor. She has made herself the most powerful politician in Europe at the moment. She has a larger role in European leadership than any German Chancellor since, uh ... let's not go there.
Pack Hockenos looks at this phenomenon in The Merkelization of Europe Foreign Policy 12/09/2011. He opens with these memorable images:

No[t] so long ago, France was the political driver and Germany the economic motor of the European Union. "Now," remarked former European Commission president Romani Prodi in February, it is Merkel "that decides and Sarkozy that holds a press conference to explain her decisions." This searing image could be embellished with the 24 EU members cowering in the press room -- and Britain now watching through the window.
The article is especially good at describing the longer-range political dimensions, which often are neglecting in the economic analyses which are understandably being cranked out right now. But Hockenos does make clear what a disaster Merkelnomics is for the countries subjected to it:

Merkel's short-sighted, audaciously Germany-first reaction to staunch the eurocrisis is the Germanization of European monetary and fiscal policy, foremost the codification of its obsession with tight money, fiscal purity, and budgetary orthodoxy. In spite of all evidence to the contrary, she insists that what's good for Germany is good for everybody else, too. It's clearly not. And with the world's leaders begging her to do "whatever it takes" to stave off global calamity, she's doing it with Sarkozy at her side and over the heads of the now completely irrelevant European "voters" ("subjects" is the more fitting word). This is a catastrophic mistake, which, politically, vastly expands the EU's centralized authority while robbing it of even the fig leaf of democratic legitimacy it had sported. Moreover, the economics of Berlin's Germanocentric prescriptions for the eurozone compound the very problems that landed Europe's weaker economies in the mess they're in right now. [my emphasis]
The whole article is worth a read for anyone interested in understanding the mess in the EU right now.

Tags: , , ,

| +Save/Share | |

Links to this post:

Create a Link




FEATURED QUOTE

"It is the logic of our times
No subject for immortal verse
That we who lived by honest dreams
Defend the bad against the worse."


-- Cecil Day-Lewis from Where Are The War Poets?


ABOUT US

  • What is the Blue Voice?
  • Bruce Miller
  • Fdtate
  • Marcia Ellen (on hiatus)
  • Marigolds2
  • Neil
  • Tankwoman
  • Wonky Muse

  • RECENT POSTS

  • Climate denial marches on
  • The EU's self-destruction, Thursday edition
  • Waiting for Franz Ferdinand
  • Documentary on the Tea Party
  • Greek Post Democracy 1.0 and the debt repayment
  • Glenn Beck discovers white racism among Tea Party ...
  • ILWU and Occupy Oakland's call for a one-day shutd...
  • Postmortems on the Herman Cain campaign
  • PBS report on EU-minus-one summit deal
  • EU Summit

  • ARCHIVES




    RECENT COMMENTS

    [Tip: Point cursor to any comment to see title of post being discussed.]
    SEARCH THIS SITE
    Google
    www TBV

    BLUE'S NEWS





    ACT BLUE











    BLUE LINKS

    Environmental Links
    Gay/Lesbian Links
    News & Media Links
    Organization Links
    Political Links
    Religious Links
    Watchdog Links

    BLUE ROLL


    MISCELLANEOUS

    Atom/XML Feed
    Blogarama - Blog Directory
    Blogwise - blog directory

    Blogstreet
    Haloscan


    Blogger

    hits since 06-13-2005

    site design: wonky muse
    image: fpsoftlab.com