Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Cultural Differences Drive European Response to Greek Crisis.

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
 
elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-03-10 11:40 PM
Original message
Cultural Differences Drive European Response to Greek Crisis.
Edited on Mon May-03-10 11:42 PM by elleng
The Greek saga has brought back to the boil the long-simmering culture clash between the European Union’s traditional drivers: federal Germany with its Prussian attachment to rules and an instinctive frugality rooted in past economic traumas, and republican France with a tradition of state intervention and a more Mediterranean attitude to public debt.

Paris and Berlin have had many disagreements post-1945, but few are as deep-rooted as those on economic governance, said John Kornblum, a former U.S. ambassador to Germany.

“This comes from the gut, it’s emotional,” said Mr. Kornblum, who as assistant secretary of state for Europe in the 1990s watched successive French and German leaders spar over how to govern the future single currency.

If there is no political structure in place to safeguard the euro — a vacuum exposed in the current debt crisis — it is because Germany and France could never agree on one, he said. “There are profound philosophical differences between the two sides,” he said.

These differences are in many ways personified by Mrs. Merkel, daughter of a Lutheran pastor, and two flamboyant Frenchmen: President Nicolas Sarkozy, a conservative, and Mr. Strauss-Kahn, a Socialist.

http://www.nytimes.com/2010/05/04/business/global/04iht-euro.html?hpw
Printer Friendly | Permalink |  | Top
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-03-10 11:55 PM
Response to Original message
1. isn't Germany also still reeling economically from bailing out the former FDR?
Printer Friendly | Permalink |  | Top
 
elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-04-10 12:06 AM
Response to Reply #1
2. Don't think so, certainly not 'reeling.'
Printer Friendly | Permalink |  | Top
 
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-04-10 12:57 AM
Response to Reply #2
3. not reeling, but smarting; not eager to bankroll more bailouts
Printer Friendly | Permalink |  | Top
 
elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-04-10 01:12 AM
Response to Reply #3
4. Just 'smart?'
Sounds like, as Germans, not keen on bankrolling much of any thing. Seems that they've weathered swallowing FDR pretty well, tho they're certainly a lot left to be done.
Printer Friendly | Permalink |  | Top
 
Kringle Donating Member (411 posts) Send PM | Profile | Ignore Tue May-04-10 01:49 AM
Response to Reply #4
5. German banks were eager enough to bankroll subprime countries...
like Greece
Printer Friendly | Permalink |  | Top
 
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-04-10 11:03 AM
Response to Reply #4
6. do you remember the staggering mess it was
to absorb the fdr?
Printer Friendly | Permalink |  | Top
 
pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-05-10 06:47 PM
Response to Original message
7. Junkers vs Jacobins
really isn't all that useful a model for the Euromess. Kind of like saying War and Peace was about Russia.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri May 10th 2024, 10:50 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC