Last week German Chancellor Angela Merkel and French President Francois Hollande addressed the European Parliament together in reference to a joint speech of Helmut Kohl and Francois Mitterrand from 1989. Some commentators in Europe claim that Germany nowadays, is too strong politically and economically in comparison to other European nations. Is this actually true?
he European Union’s top court ruled Thursday that an agreement that allows thousands of companies — from tech giants to small financial firms — to transfer data to the United States is invalid because the American government can snoop on people’s data. Source ABC
Tens of thousands of Bulgarians kept protesting for the fifth day in a row on July 13, demanding the immediate resignation of the government and the chief prosecutor Ivan Geshev, accusing them of widespread corruption and shielding the interests of alleged criminals who, they claim, control the state authorities Source BNE
Austria on Wednesday became the first euro zone country to price a public sale of debt below the European Central Bank’s deposit rate, as expectations of more ECB stimulus and worries over the global economy push yields in the bloc to new lows. Source: Reuters
Gefira tracks the global players in Europe, the USA, Russia and China and anticipates the consequences of their policies
Gefira No. 9 is now available at a discount. 160 euros for 10 issues a year plus access to our archives.
Europe's geopolitical situation resembles that of 1913.
The enlargement of the European Union to the east, Germany's Ostpolitik, economic power and its reluctance to align its policy with France's and Italy's make the break-up of the Union unavoidable. While Germany is gaining a status of a financial superstar, German society is starting to disintegrate.
Nobody dares to ask, but the ECB board is bracing itself for the upcoming break-up of the euro. The Gefira team explains why France or Italy will leave the euro and we investigate how the ECB is preparing for the looming euro collapse.
