Over 200 Billion Euros have been handed to Greece. Additional rescue funds will probably follow. Except: The government operates in a nepotistic way and the money doesn’t go to the Greek people. Once again an endgame is imminent. Once again a state bankruptcy of Greece is impending. And once again all parties involved in the …Read More
After the Free Democratic Party (FDP) failed to enter the Bundestag, many are concluding Liberalism has come to an end. Some supporters of the Green Party and, presumably, most followers of the Left Party are already rejoicing. The joy at these parties’ campaign events after the election stemmed almost exclusively from the FDP’s even stronger failure. Are they right? Is Liberalism dead?
Prof. Dr. Andreas Freytag takes a look at the outcome of this week’s EU summit in Brussels. According to Prof. Dr. Freytag, while the agreement of a fiscal pact by 25 of the 27 EU member states was good news, European leaders once again failed to address several key issues of the crisis.
In his essay entitled The Final Rescue – or Another Three Months Survived!, Prof. Dr. Andreas Freytag, Professor of Economics at the Friedrich-Schiller-Universität Jena and contributor to AICGS publications and events, examines the plan put forth by Europe’s leaders following the October 26th summit in Brussels. According to Prof. Dr. Freytag, while the plan may be a start to solving the euro crisis, not enough attention was paid to the problems at the core of the whole situation.