Europe

Europeans pay attention: Romney is different

Europeans pay attention: Romney is different

Deutsche Welle,

9 August 2012

While it may not be easily detected at first glance, the foreign policy of a President Romney would look very different from that of President Obama, argues Henry Nau in a piece for Transatlantic Voices.

Analysis: Monti takes off gloves in euro zone fight

Analysis: Monti takes off gloves in euro zone fight

Barry Moody, Reuters,

8 August 2012

(Reuters) - Italian Prime Minister Mario Monti has taken the gloves off in his fight to save Italy from disaster in the euro zone debt crisis, daring to stand up to European paymaster Germany in a way unthinkable a few months back.

His change of attitude is driven by increasing Italian exasperation with repeated delays in formulating an effective response to a crisis on bond markets that has put Spain and Italy in the front line against an existential threat to the euro and perhaps the whole European Union.

Monti is trying to pressure German Chancellor Angela Merkel into agreeing to a European shield against high borrowing costs that are crippling Madrid and Rome and that he believes threaten the very survival of the euro if they lose access to markets.

German opposition: only eurobonds can save the single curency

German opposition: only eurobonds can save the single curency

EUObserver

7 August 2012

BRUSSELS - The German opposition has endorsed plans for a national referendum on creating a full-blown fiscal union.

The leader of the centre-left SPD party, Sigmar Gabriel, rolled out the proposals at a small press conference in Berlin on Monday (6 August).

'Greece Should Leave' Patience with Athens Nearing an End in Germany

'Greece Should Leave'
Patience with Athens Nearing an End in Germany

Der Spiegel

6 August 2012

Even as Greece's leading creditors expressed satisfaction with a new agreement aimed at labor market reforms, patience in Germany is running out. The tone among politicians allied with Chancellor Merkel is growing sharper.
The good news is that Greece is not going to go bankrupt -- at least not this month. Despite Athens facing a €3.2 billion ($3.96 billion) bond repayment in August and rapidly running out of cash, the European Central Bank (ECB) last week rubber-stamped a request from the Bank of Greece, allowing it to boost the amount of money it can loan to the Greek government. The move should keep the country's head above water at least until September.

Interview with Italian Prime Minister Mario Monti 'A Front Line Between North and South'

Interview with Italian Prime Minister Mario Monti
'A Front Line Between North and South'

Der Spiegel

6 August 2012

In a SPIEGEL interview, Italian Prime Minister Mario Monti says Europe is showing traces of a "psychological dissolution" in the debt crisis and that leaders are doing too little to stop it. He also warns that governments cannot allow themselves to become "fully bound" to parliament in determining policies to save the euro.

Destertec can be much more than a “Eurotunnel” project for Europe’s energy

Destertec can be much more than a “Eurotunnel” project for Europe’s energy

06 August 2012.

“It is great once you have it but a nightmare getting there,” was the response from Paul van Son, CEO of the Desertec Industrial Initiative, to this opening question during his presentation of the “Desertec” project at the German Marshall Fund’s latest roundtable discussion on the potential for the development of renewable energy in North Africa and linking it into Europe through five interconnectors.

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