All tagged Germany

Under Pressure

It is certainly not very far-fetched to foresee the rise of a far right party in Germany today taking advantage of the skepticism surrounding the euro that is prevalent in Germany today. Anyone with a sense of history should realize this. Thus, this is a time for greater European solidarity. Instead of isolating and incessantly criticizing Germany, we must cooperate with it before it is too late.

The past year has been a most tumultuous one for the nations of the eurozone, from the sunny shores of debt-ridden Greece to her disgruntled northern neighbors. The seventeen-member union has approached the brink of disaster and backed down seemingly several times a day for months, exhausting lenders and spectators, while inciting political unrest throughout the region.

A growing sense of anxiety has begun to simmer in the eurozone as the year’s dramatic events put the single currency in an increasingly precarious position. Earlier this month, Silvio Berlusconi’s announcement that he would step down and allow technocrats to try to salvage the Italian economy seemed extraordinary. Now, however, pundits are looking fondly at the days when they could bite their nails over the collapse of individual countries as the euro itself appears to be in mortal danger.