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It has always seemed a curious paradox that the major policy-making institutions of the European Union should have settled in Belgium, a country with a political system in a permanent state of turmoil, deeply divided on political and linguistic grounds, yet somehow able to keep functioning as coalitions come and go and politicians struggle with… » read more

Posted by Michael Berendt

It was evident from the beginning of the eurozone crisis that the only way to discipline recalcitrant member states in the face of enormous budget deficits was to involve the International Monetary Fund, an independent, external organization which was definitely not part of the family, a body which could lay down tough conditions for winning […]

Posted by Michael Berendt

It was evident from the beginning of the eurozone crisis that the only way to discipline recalcitrant member states in the face of enormous budget deficits was to involve the International Monetary Fund, an independent, external organization which was definitely not part of the family, a body which could lay down tough conditions for winning… » read more

Posted by Michael Berendt