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The French Prime Minister Manuel Valls gave a speech this week on the general policies to implement in the country to overcome the crisis and to implement an economic policy in order to foster growth and reduce the high unemployment rate in France. The content of the speech was submitted to a confident vote in… » read more

Posted by Ernst Stetter

Yesterday’s decision of the European Central Bank to cut its key interest rate below zero and the other measures announced are more than a European way of the U.S. Quantitative Easing (QE). The ECB cut its main refinancing rate to 0,15% and its deposit rate from zero to minus 0,1%. The European Central bank is… » read more

Posted by Ernst Stetter

Invited yesterday to speak at a conference of the S&D Group in the European Parliament I raised the crucial question of the European Common Foreign and Defence Policy of the sharing of sovereignty. Looking on the current state of the CFSP one has to admit that there is some “movement”. It seems also that many… » read more

Posted by Ernst Stetter

Some points on the German elections 1. Success for Angela Merkel’s personalisation of German elections! Without doubt – this election result on Sunday represents a success for the playing out of the persona of Angela Merkel but this is not a victory for the party. The strategy of her campaigners paid off. The SPD did… » read more

Posted by Ernst Stetter

How long will Germans be made guilty in a Platonian cave haunted by shadows of the past? In the last couple of weeks all over Europe a sentiment of Germanophopia appeared and this even amongst political friends. Comments like “If the Euro fails, the EU will disintegrate. And you, our German friends, will miss the… » read more

Posted by Ernst Stetter

Yesterday the President of the European Council announced the postponement of the long overdue Eurozone summit which was due to take place next week. I am wondering if the Belgian Council President is now using Belgian practices of non-decision making and postponing. We all know that Belgium is now more than 16 months – since… » read more

Posted by Ernst Stetter

Newspapers all over Europe, political observers and politicians are gloomy of late. For example Le Monde’s headline tells us that Greece has another 10 days to avoid the worst. The Financial Times published in a post by Gideon Rachman that a political union cannot fix the Euro! Frankfurter Allgemeine Zeitung argues that the German taxpayer… » read more

Posted by Ernst Stetter