14:48 [Lost in EUrope] (E)
For years, Germany was considered unbeatable in the EU. But perception has changed. “The model Germany isch over”, one could say with the (still) most popular German politician. Wolfgang Schäuble would never pronounce it so clearly, of course. But the largest economy in the Eurozone is on the verge of recession, and the CDU politician has left a heavy legacy to his successor in office. Those who still didn’t want to believe have been disabused by the latest company reports. First, the merger between Deutsche Bank and Commerzbank failed. Germany does not get a “national champion”. Then the Bayer shareholders refused to approve the actions of their Board of Management.
8:39 [offGuardian] (E)
The citizens of the European Union are called to vote this week for the European Parliament. It is not a real parliament, and it lacks prospects for becoming one, since all important decisions are taken by the unelected heads of the European Commission and the European Central Bank, dubbed “the worst-run Central Bank in the world”. These elections capture however the general mood of exasperation with current policies. Conservative and extreme Right parties will rise, reflecting widespread scepticism as to the economic course of the EU and its lack of benefits for the common people. The mainstream Left unfortunately neglects these issues, and it will pay the price.