More EU integration Inevitable: Mercron will be forced to federal EU or eurozone will die

Angela Merkel and Emmanuel Macron

German chancellor Angela Merkel and new French president Emmanuel Macron [GETTY]

 

THE European Union single currency will only survive through even GREATER integrations, analysts have warned.

Eurozone nations will have to find ways of working more closely together despite growing anti-EU sentiment in some countries and the fallout from Brexit.

Analyst Antonio Barroso, managing director at Teneo Intelligence, told CNBC: “I think further integration is inevitable, especially if member states want to make the euro zone sustainable in the long term. Continue reading

Germany, Political Crisis and Superman

Germany’s former defense minister, Karl-Theodor zu Guttenberg, and Chancellor Angela Merkel (Getty Images)

 

Germany’s government, especially Angela Merkel, is proving inadequate. For a leader with the right personality and leadership, this could be a terrific opportunity to seize control of Germany.

Since 1982, the year E.T. the Extra Terrestrial was released and the Falkland War occurred, Germany has had only three chancellors. The United States has had five presidents in that time; Britain six prime ministers; and Italy 15 prime ministers. Even more remarkable: Since the end of World War ii, more than 70 years ago, Germany has had only nine chancellors. That’s an average of eight years per chancellorship. America, in that time, has had 12 presidents, six years per presidency; Britain 15 prime ministers, five years per prime ministership; and Italy 45 prime ministerships, averaging 1.5 years each.

Behind these facts is a fundamental truth: Postwar Germany, perhaps more than any other modern nation, is accustomed to political stability and order.

So what happens if this stable, dependent political system breaks down? History provides some insight. Continue reading

Tsipras tells Merkel ‘Greece has made enough sacrifices for the euro’

Greece’s defiant Prime Minister has told Angela Merkel it is Europe’s job to do “their part” to keep his crisis-hit country in the eurozone.

Meeting on the sidelines of a European Council meeting in Brussels on Thursday, Alexis Tsipras is reported to have told the German Chancellor his debt-addled nation has made enough sacrifices to satisfy the demands of its creditor powers. Continue reading

ECB ready to cut rates and push banks into lending to boost euro zone economy

(Reuters) – The European Central Bank is poised to impose negative interest rates on its overnight depositors, seeking to cajole banks into lending instead and to prevent the euro zone falling into Japan-like deflation.

At its meeting on Thursday, ECB policymakers may also launch a loan program for banks with strings attached to make sure the money actually gets out into the euro zone economy.

It will be the first of the “Big Four” central banks – ECB, Bank of England, Bank of Japan and U.S. Federal Reserve – to go the negative interest rate route, essentially charging banks to deposit with it. Continue reading