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Europa bleibt ein Rätsel. Es bietet dramatische Krisenmeldungen und zugleich mühsam errungene Reformschritte. Klärungsbedarf wird unübersehbar: Wie soll die Handlungsfähigkeit der EU künftig gesichert werden? Wie sind Währungskrisen zu vermeiden? Welches Gewicht besitzt die deutsch-französische Zusammenarbeit? Wie ist die Rolle Großbritanniens einzuordnen? Wird die Balance zwischen großen und kleinen...
The EU's limited fiscal capacity has proven to be the most critical constraint in responding to the global financial crisis in a coordinated manner. The EU does not have enough resources to rescue the troubled financial institutions and member states. This leads to a nationalization of rescue operations, which undermines the Single European Market and requires IMF involvement with respect to member...
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