Markus Kerber, a professor of political economy at the Technical University of Berlin, said the French president would find his “beginner’s charm” has worn off among a sceptical German public.
“Macron has come to put Merkel in his pocket but he will not succeed,” Kerber told FRANCE 24, likening the French president’s pitch in favour of sweeping EU reform to a “new kind of French chauvinism”. “He presents his reforms in a very autocratic fashion and this does not please the German public,” Kerber added, noting that many other EU countries had deep misgivings about French attempts to broker a deal with Germany alone. The Netherlands and Scandinavian countries, in particular, have made it clear “that future reform of the Eurozone is not a matter which is going to be decided by Macron and Merkel“, Kerber said.
Before and after Mario Draghi’s last press conference, the professional public focused on the scale and duration of the Public Sector Purchase Programme (PSPP).
Meanwhile, critical observers of the ECB had already taken a close look at the inner workings of the programme. Interestingly enough, the ECB from the very beginning of QE, made it clear that it would „update“ at its discretion, the list of public securities eligible for purchase. (Read more)
While David Cameron recently released his unambitious ideas for renegotiating the terms of the British membership in the EU, British commissioner Jonathan Hill seems keener to focus on building an ever-closer banking union.
Although he is aware of Germany’s fundamental opposition to mutualising deposit insurance, he strongly advocates a project which will fuel the revolt of German depositors against Europe. (Read more)
Tuesday this week was D-Day for David Cameron, as he presented before the supporters of British membership his agenda for negotiating British conditions of staying in the European Union.
His rhetorical rejection of the overall objective of the “ever closer Union” was neither surprising nor constructive. In point of fact, the EU is threatened more than ever before by external events such as migration and internal institutional conflicts. It is unfortunate that this chaos is mirrored by the uninhibited and unpredictable demeanour of the commission’s President. (Read more)
The death of Helmut Schmidt is a profound moment for all post-war Germans.
More than any other German Chancellor, Schmidt was the incarnation of a deep commitment to his nation as a part of the European Community, but also as a strong member of the Atlantic alliance.
As an inveterate workaholic, Schmidt was used to burning the candle at both ends in the service of his country. A reserve army officer, he always retained something of the armed services culture. As a matter of principle, he resisted any temptation to negotiate with the Red Army faction in the ‚German Autumn‘ of terrorism in the 1970s. (Read more)
„Markus C. Kerber, professor of economics at TU Berlin, tells CNBC the European Central Bank has strayed outside its mandate by pursuing the Outright Monetary Transactions program to assist countries with struggling economies.“
„Markus C. Kerber, Professor at TU Berlin, talks to GoldMoney’s Alasdair Macleod about his lawsuit against the European Union’s Fiscal Compact and the permanent bailout fund known as the “European Stability Mechanism”. He also discusses his advocacy of currency competition in Europe.“
Sie sind Journalist und möchten unsere Pressemitteilungen aus erster Hand zugeschickt bekommen? Kein Problem. Bitte füllen Sie das folgende Formular aus. Nach der Registrierung erhalten Sie zukünftig alle offiziellen Presseinformationen.
Wir möchte Ihnen den bestmöglichen Service bieten. Dazu speichern wir Informationen über Ihren Besuch in sogenannten Cookies. Durch die Nutzung dieser Webseite erklären Sie sich mit der Verwendung von Cookies einverstanden. Datenschutzerklärung
Die Cookie-Einstellungen auf dieser Website sind auf "Cookies zulassen" eingestellt, um das beste Surferlebnis zu ermöglichen. Wenn du diese Website ohne Änderung der Cookie-Einstellungen verwendest oder auf "Akzeptieren" klickst, erklärst du sich damit einverstanden.