The Euro and German Democracy

Yesterday, Germany’s Supreme Court decided that the “European Stability Mechanism [EMS]” did not violate Germany’s constitution, the Grundgesetz [Basic Law]. It also stated however, that Germany’s current liability stops at the level of the 190 Billion Euros the country had so far contributed to the so-called “Euro rescue umbrella” financed by all European Union members. Any…

“Nein, Nein, Nein” — Greeks Angry at German Nay-Sayers

The Greek people’s growing anger about the austerity measures demanded by the EU is mostly targeted at Germany. Chancellor Merkel is the target of many nasty expressions used by Greek journalists, her depiction as Europe’s puppet-master is one of the more benign caricatures: For the German speakers, here is a quote from the FAZ article:…

Germany, Europe, and the Euro

As a follow-up to the French-German event in Atlanta last Thursday, listen to This American Life’s feature on the history of the Euro. Told in an entertaining and accessible way, the piece contains a lot of helpful historical information.