Quietly, there seems to be a tiny crisis affecting European politics. For a start, there’s the rocambolesque imbroglio making Belgium a generic cynosure. It would be hard to do better than to point again to Crooked Timber, although it’s worth pointing out that Jean Quatremer is doing a good job too. I especially like the [...]

Really I realise I have been remiss in another important sense. I have long assumed that in fact the decision to reduce deficits was taken due to the coming fiscal pressure from ageing. This certainly was the background to the discussion. However now I look at the details of the SPG this area is not [...]

John Kornblum, former US Ambassador in Berlin, knows a thing or two about Germany from his forty years’ acquaintance with the country.

In a nation traumatized by violent upheavals, voters seem to demand an emotional insurance policy before accepting change. This insurance must promise that new methods will not undermine the social and economic [...]

When this is all over, and we come to look back at the when and the where, maybe we will remember today’s decision as just one more of those missed opportunities. Certainly not much notice seems to have been taken of Gerard Schroeders request for a helping hand on the interest rate front. Is there [...]

So the Dutch Finance Minister - Gerrit Zalm - has a weblog. Not understanding too much Dutch it’s hard to make a very thorough assesment, although it does look rather austere. However, unlike Howard Dean and Wes Clark, it does appear that he is posting himself. But it is not for the fact that he [...]

Now since nothing in life ever comes entirely free, a post to balance my last one (as we say in Spain: one hot one and one cold one). The French are to be given an extra year to get their fiscal act together. This is more a sign of impotence than a seal of approval. [...]