January 3rd, 2011
Der Spiegel: Both France and Germany want an economic government for Europe. The only problem is they have completely different things in mind. The conflict threatens to derail any chances of progress. Pictured are Finance Ministers Christine Legarde of France and Wolfgang Schauble of Germany.
Follow up:When German Chancellor Angela Merkel stood before reporters at the held in mid-December in Brussels, she took advantage of the opportunity to make a minor concession to neighboring France. "We have obviously been discussing the issue of an economic government for a long time," Merkel said. "What we are currently envisioning goes yet another step in this direction."
At the moment, there is serious wrangling between Berlin and Paris over the details of the planned crisis mechanism. Indeed, the two governments have completely different conceptions of exactly what a European economic government would entail. Read more at Der Spiegel......