Thomas Fazi — Germany’s dystopian plans for Europe: from fantasy to reality?

For Germany, the idea of Europeanism has provided the country’s elites with the perfect alibi to conceal their hegemonic project behind the ideological veil of 'European integration'.

What Germany could not do militarily, it is managing economically.

Open Democracy
Germany’s dystopian plans for Europe: from fantasy to reality?
Thomas Fazi

Thomas Fazi is the co-author (with William Mitchell) of Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto, 2017).

Alex Christoforou — More EU Trouble. Deutsche Bank Chief Economist Wants €150 Billion Bailout For EU Banks

Systemic risk.

Italy’s Prime Minister, Matteo Renzi, fired shots at Germany’s financial EU hegemony when, during a joint news conference with Swedish Prime Minister Stefan Lofven, said:

“If this non-performing loan problem is worth one, the question of derivatives at other banks, at big banks, is worth one hundred. This is the ratio: one to one hundred.”

Renzi was referring to the massive, trillions of derivatives Deutsche Bank is carrying on its books. According to Renzi, Italy may have issues, but “other” European banks have much bigger problems.…

The Duran
More EU Trouble. Deutsche Bank Chief Economist Wants €150 Billion Bailout For EU Banks
Alex Christoforou