Like Greece, Spain and Germany, Britain now faces a cathartic moment when it needs to decide what price it is worth paying to stay in the European Union: coolheaded rationality must prevail over emotion
As part of the ’Reinventing Europe' project, ECFR is publishing a series of papers on the national debates within EU member states over the crisis and the future direction of Europe. The sixth paper in the series analyses the situation in Germany ahead of the Constitutional Court's crucial ESM verdict.
In its attempts to rescue the euro, Germany is often seen as the odd country out. However, what is seldom understood abroad is that the German position is about more than limiting its own fiscal exposure.
How does the EU summit look from Berlin, Madrid, Rome and Warsaw, and what are the expectations? Four of ECFR's experts tell us how they see the gathering of EU leaders and whether anybody should be optimistic about the outcome.
Understanding how Berlin thinks is now more important than ever. If EU leaders want Angela Merkel to listen to calls for growth, they first need to understand her economic mindset which is deeply rooted in a concept known as 'ordoliberalism'.