Europe's another last chance.
/14.09.2012/ The declinist mood visibly subsided in Europe after the summer as more people claim that the glass is half-
The key difference is in the German policy towards the crisis. The government in Berlin has done much to be seen as the villain of the peace in recent years. It has missed an opportunity after opportunity to break through the thick cloud of doubt over the future of the single currency. Admittedly, its partners have not been very helpful either. Under the pressure of collapsing dreams of prosperity, Southern European governments have focused on temporary relief rather than long-
In the past five years, Chancellor Merkel has steered clear of the "decision-
As the new season starts, Europe should now face to the reality of a new German leadership. Chancellor Merkel started banking on a take-
This is a roller-
As the final round in the eurozone saga starts, the ins will have to decide what type of intrusive budgetary controls they can accept in the future, as the way is paved towards towards a genuine fiscal union. Britain is likely to be at best a bystander in that process. It will still need to decide whether to enable existing EU institutions to cater for the needs of a revamped eurozone. This is an outcome that Poland will much prefer as it can then legitimately ask for an observer status as a "pre-