The implosion of Greece's party political landscape and the victory of François Hollande in France transformed the political debate in Europe. Moreover, both events act as a catalyst for a political reinvention of the eurozone and an emergence of a transnational political space.
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Israel’s largest opposition party has joined the Prime Minister’s coalition rather than go to elections. Most of this was about raw political calculations - but it also offered an insight into the thinking of Benjamin Netanyahu.
Since the beginning of the euro crisis, there has been much discussion of actual or potential German “hegemony” in Europe. But Germany's self-centeredness and short-term thinking disqualify it as a hegemon.
The European financial crisis has refocused the debate on the nature of Europe’s political union. Emma Bonino and Marco de Andreis make the case that a ‘lite’ version of federation may provide a viable and practical solution to the euro crisis.
The coming season of grand international summits means the problems of the Eurozone will once again be thrust upon the global stage. But at least this time European leaders don't have to worry about Silvio Berlusconi.
How does the Fiscal Compact shape fiscal policy and austerity in the euro area and what can be done to make austerity in Europe less brutal? The development of a meaningful 'Growth Compact' may provide the best way forward.
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