Inside the Eurozone the creditors have too much power, because they can threaten to cut off money to a member’s banking system or throw you out of the club. The Eurozone has not learnt this lesson for obvious political reasons, which makes it a dangerous club to join.
Berlin expands Bundeswehr activities in Southeast Asia and participates in joint exercises with Indonesia. Jakarta is resolutely unwilling to be pitted against China. Read HERE
The EU hegemon speaks. This is the same German Commissioner who called upon the markets to crush Italian state finances if the government passed a budget above a deficit of 2 %. Read here
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