The Eurozone faced competition among actors regarding who can explain the reasons behind the emergence of the crises and the best way to resolve the challenges facing them (Apak and Atay 2012: 561). Germany is always on the center stage in the Eurozone crisis due to its economy strength and Chancellor Angela Merkel’s ability to negotiate the response to the crisis (Apak and Atay 2012: 562). According to Apak and Atay (2012), Merkel worked to promote the budgetary rigor and austerity, hence portrays the overwhelming national debt as the cause of the crisis. Merkel also disputes the structural weaknesses or imbalances in the Euro area as a cause of the crisis as asserted by Feldstein (2010). Her aim is to dominate the narrative of the …show more content…
The issues are: Strategic Narratives and the Eurozone Crisis Crises are social constructions forged by the government officials while producing and reproducing the state identity (Feldstein 2010). The German narrative seeks to between reinforcing its pro-integrationists credentials and their wish to influence the EU’s response according to the preferences and approaches of Berlin (Angelopoulou, Balfoussia and Gibson 2014: 392-395). The EU member states cannot agree on a uniform explanation and a viable solution that will overcome the Euros problems (Feldstein 2010). Communication is vital to understanding the Euro crisis, in which the narrative analysis of public policy emphasizes the processes of identifying the nature of the problem, outlining a solution, and indicating the outcome (Feldstein 2010). The Euro crisis reinforced the interconnectivity of European economies, leading to greater public awareness on the impact of European issues on national policies (Fratzscher 2015). Political actors, through the strategic narrative, construct a shared meaning of the past, present, and future of international politics with the aim of shaping the behaviour of domestic and international actors. For example, in the Eurozone crisis, narratives legitimate policy responses reinforce domestic and international support and challenge the counter-narratives as Fratzscher (2015). Narratives are strategic anthems to the future of the state in which the German government engages in
Within the story To Kill a Mockingbird, the characters undergo many difficult lessons and experiences. With the help of some adults, the children end up losing their innocence. Boo Radly assists Scout in losing her innocence when he finally has an interaction with her. Additionally, Atticus supports Jem in losing his innocence. To begin, Boo Radly helps Scout lose her innocence when he has an interaction with her towards the end of the story.
The weekend of May 5-6 opened a new chapter in the Eurozone debt crisis as voters in France and Greece voiced their disproval over current leadership. With news of France's Sarkozy losing the presidency, and "a dismal election result for Greece's pro-bailout parties" (Reuters.com. May 7, 2012. PP. 1); the future of the Eurozone continues to be shrouded in uncertainty. Debt yields for Greece, Ireland, and Portugal spiked as bond investors ruminated over fiscal and monetary policies. Likewise in Spain, the ten year bond pushed closer to the "psychologically important 6 percent" (Reuters.com. May 7, 2012. PP. 1) threshold. These events highlight the troubling issues of austerity, growth, and debt service which are weighing down the European economy, and as a result imperil the global economic growth story.
In this sense, the crisis in Europe today is actually above fiscal and political. In short, the first task of European leadership today is to rebuild the European idea. Even in the debt crisis now, the central European entity has the ability to ensure revenue at the federal level to provide everyone public goods. EU need to remind everyone that the stable life and the rising prosperity European public, even the whole world, have now has been due to the path toward unity. There is no doubt that the European integration’s contribution on Economic prosperity and absence of war. That is why more European integration, not less, is the only solution to whatever problems they encountered and they will meet in future.
The German economy has progressively developed from the effects of the global financial crisis, which had a serious negative impact both on Germany’s public finances and on its economic growth. Actions
The Eurozone is facing a serious sovereign debt crisis. Several Eurozone member countries have high, potentially unsustainable levels of public debt. Three—Greece, Ireland, and Portugal—have borrowed money from other European countries and the International Monetary Fund (IMF) in order to avoid default. With the largest public debt and one of the largest budget deficits in the Eurozone, Greece is at the centre of the crisis. The crisis is a continuing interest to Congress due to the strong economic and political ties between the United States and Europe.
Germany is one of Europe’s industrial powerhouse and the world’s second largest exporter. The country whose economy has single-handedly stopped the eurozone falling back into recession and the only nation rich enough to save the
These policies, coupled with a period of global economic prosperity in the early 2000s, helped make Germany the economic powerhouse of Europe. Today, with Chancellor Angela Merkel (first elected in 2005) Germany remains the economic backbone of the European Union and is a major player internationally as a G7 country and a regular rotating member of the UN Security
As The Economist (September 28th 2013) says, Angela Merkel won a landslide victory and became the chancellor of Germany for the third time. The crisis gave us a hard time and most big European countries dumped their leaders during this period. However, Angela Merkel again proved to be a leader that most people follow and admire. Is it purely because she does things right for her people? Or does it rather spark from her personality, including her behavioral, communication skills or influential authority? This paper will elaborate ideas on what makes Germany’s chancellor such a powerful leader and by using psychological theories it will lead the reader to defining the leadership style Ms. Merkel exercises.
This dissertation will discuss Angela Merkel’s Leadership style and ethics during the Euro crisis. It will also compare Angela Merkel’s leadership style to servant leadership style. It will also describe how servant leadership may or may not change the outcomes of the Euro crisis. In the closure of the dissertation, I will discuss my own leadership philosophy.
What is the European Debt Crisis? The European Debt Crisis is the failure of the Euro, a currency that ties seventeen European countries together. In this paper, I will be describing the cause and effect of the debt crisis along with what would happen if the European Union stayed with the economy they have. Then what I believe is the best solution to fixing the debt crisis.
In dealing with current EU hot button topics, solutions are as many and varied as there are countries in the European Union itself. There are many aspects to a countries point of view on such issues including location, history, economy, political outlook, and so on. Because of these influences countries sharing similar histories, locations, economic standings, and etc. band together to create voting blocs in order to get their agendas pushed forward. This paper will discuss the viewpoints of Albania, Bulgaria, and Romania with respect to the refugee crisis and the Eurozone crisis as related by several meetings of representatives from each country. After reading this briefing, Bulgaria citizens should be aware of our country’s feelings
The European sovereign debt crisis, which made it difficult or impossible for some countries in the euro area to repay or re-finance their government debt without the assistance of third parties (Haidar, Jamal Ibrahim, 2012), had already badly hurt the economies in “PIIGS”, Portugal, Ireland, Italy, Greece and Spain. This financial contagion continues to spread throughout the euro area, and becomes a dangerous threat not only to European economy, but also to global economy.
While the launch of the euro in 1999 created a considerable enthusiasm toward regional monetary integration and even monetary unification in different parts of the world, the present emergency had the inverse impact, actually raising desires of a separation of the euro region. The emergency has shown the issues and pressures that will inescapably emerge inside a fiscal union when uneven characters develop and get to be unsustainable. The reason for the European emergency will be further
The Euro Crisis is the failure of the Euro, the currency that binds all 19 countries of the Eurozone together. The tightly knit nature of this economy means that if even one country’s economy fails, Europe as a whole goes with them. This currency, which was originally created to stimulate economic growth, has become the cause of much accumulated debt.
As Europe slipped into recession in 2009, the problem began to affect governments more and more, as markets worried that some countries could not afford to rescue