German Chancellor Angela Merkel on Wednesday said European Union members must be open to treaty changes to strengthen joint economic governance in the 28-nation bloc.
Celebrations took place in the central square of Zagreb, with fireworks and music including Beethoven’s Ode to Joy, the European anthem.
By Michael Snyder
Did you actually believe that they were not going to use the precedent that they set in Cyprus? On Thursday, EU finance ministers agreed to a shocking new plan that will make every bank account in Europe vulnerable to Cyprus-style bail-ins.
European Central Bank head Mario Draghi has again defended the ECB’s bond-buying program, saying the crisis backstop was more important now following recent market turbulence sparked by other central banks around the world.
By: Byron Sanford
The economic depression that has engulfed Europe has resulted in a snowball affect that has in turn further weakened the European Union beyond most people’s imagination.
By Richard Fitzpatrick
Healthcare cuts and unemployment cause a host of societal ills, yet Europe refuses to save its citizens, says Richard Fitzpatrick, Brian McArdle worked as a security guard in Lanarkshire, near Glasgow. He was 57 years old when he had a stroke on St Stephen’s Day, 2011. It left him paralysed on his left side, blind in one eye, and unable to speak. He signed up for disability income.
By RHEA WESSEL
Demonstrators blocked a large swath of central Frankfurt early Friday, standing in streaming rain to show their opposition to austerity policies in Europe.
By Christoph Schult
From the outside, it looks as though the European Union is hopelessly divided. Northern member states demand budgetary discipline while those in the south bemoan drastic austerity measures. Furthermore, theFranco-German alliance is brittle, to the point that a planned policy paper on the future of the European common currency area – to be written jointly by German Chancellor Angela Merkel and French President François Hollande – has yet to materialize.
Across southern Europe resistance is taking on a new urgency. In Spain people are speaking of the start of ‘the real struggle’, while in Greece the term ‘civil war’ permeates the political climate. In both countries a frightening re-emergence of a dictatorship past seems to characterize the current historical moment as fascist ideologies become more acceptable and police tactics become more pre-emptive and militarized. These two trends emerging together, the rise of far right ideologies and pre-emptive militarized policing, indicate a shift in the discourses of legitimacy used by the state.