The Trojan Horse
In his essay entitled The Trojan Horse, Alexander Privitera, Washington based Special Correspondent for the German news channel N24 and frequent AICGS contributor, examines how the approach to fixing the European debt crisis has changed. The recent political developments in Greece, along with a growing concern over Italy, have led European leaders to realize they may now have to save the euro from member nations, not save member nations for the euro.
Saving the Euro
In his essay Saving the Euro, Alexander Privitera, Washington based Special Correspondent for the German news channel N24 and frequent AICGS contributor, explains how the recent plan announced by Europe’s leaders has signaled a major shift in their view of the crisis. By recognizing some of the major issues facing Europe, EU leaders have finally shown that they are actually willing to save the euro zone.
The Banking Crisis
In his essay entitled The Banking Crisis, Alexander Privitera, Washington-based Special Correspondent for German news channel N24 and frequent AICGS contributor, explains how Europe’s fiscal problems are not just the result of a sovereign debt crisis, but also a banking crisis. Any solution for Europe must focus on the financial institutions across the continent just as much as the debt problems of a number of member states.
The Malaise
In his essay entitled The Malaise, Alexander Privitera, Washington-based N24 Special Correspondent and frequent AICGS contributor, examines the pessimistic mood growing among the U.S. population about the current state, and future, of the economy. With confidence in the ability of the U.S. economy to rebound falling, as well as the increasing failure of leaders to act, populist movements like the Tea Party may take root in the more widespread sentiment of the American people.
The Upcoming Blame Game
In his essay entitled The Upcoming Blame Game, frequent AICGS contributor Alexander Privitera explores the finger pointing being used by leaders on both sides of the Atlantic in the face of the economic crisis. According to Mr. Privitera, with elections coming up in several countries, including the U.S. and France, not only could the transatlantic blame game get worse, but we may even witness a standstill in policy-making as a whole — the last thing a pair of faltering economies can afford.
Germany’s Vote Does Not Equate to a Blank Check
In his essay entitled Germany’s Vote Does Not Equate to a Blank Check, frequent AICGS contributor Alexander Privitera explains that Merkel and her coalition survived the latest vote on the EFSF, but that the vote may signal a line in the sand for German assistance to profligate members of the euro.