France played a decisive role in shaping not only the euro system but the entire European project. This history has predisposed French leaders to the goal of preserving the euro at all costs. Those costs, as we explained in Part 1 of this article, have become quite insupportable. A new strategy is needed, and France’s role in shaping it will once again be pivotal.
Nobody asked the German people if they wanted the euro. Now, almost 15 years after Europe introduced its common currency, a new political party has emerged to campaign for a return to the deutsche mark.
Chancellor Angela Merkel’s Free Democratic coalition partner must repay about 2.4 million euros ($3.1 million) to German parliamentary authorities after a court found the party had breached donations rules, the lower house said.
The “ideological legacy” of Margaret Thatcher, according to the Economist, rivals “that of Marx, Mao, Gandhi or Reagan.” She made “Britain great again,” the Daily Telegraph asserts. Writing in the Wall Street Journal, the historian Andrew Roberts hails Thatcher for her loyalty to the U.S. and Israel, and claims that “Thatcherism will always remain, and the world is better for it.”
The German government said that Chancellor Angela Merkel intended to serve out a full four-year term if she won federal elections on Sept. 22, rejecting a newspaper report that she planned to step down early.
U.K. Prime Minister David Cameron’s office said it wasn’t concerned that foreign leaders are staying away from Margaret Thatcher’s funeral as it became clear that the German and Spanish heads of government won’t attend.