Friday, September 16, 2011

Some Background on European Politics That Impact EU Crisis Intervention

This clip from Der Speigle provides some insights into the political situation in Germany regarding the future of the EU. It contains comments from several news sources.
Merkel's coalition partner went public with opposition to euro bonds while Merkel has been trying to maintain a consistent stance that reflects Germany's perspective. If Merkel loses support from her coalition partner she may have to bring in the opposition Social Democrats to form a government.

France also has issues. There will be new elections next year. Consequently, the two major economies in Europe, are dealing with political uncertainty at a time when very important decisions have to be made about the future of the EU. The politics in Europe are not as bitter as they are in the US, but they face much more difficult decisions.

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