One should not assume that anyone is actively striving for a crash. But, in view of the negotiations – set to begin in 2018 – on a European fiscal union (implying systematic transfers from the EU’s north to its south), it wouldn’t hurt if Germany and the Netherlands knew what would happen if they did not sign a possible treaty.
“Saudi discrimination against women is gross and systematic in law and in practice. Every Saudi woman must have a male guardian who makes all critical decisions on her behalf, controlling a woman’s life from her birth until death. Saudi Arabia bans women from driving cars,” he continued. “Why did the UN choose the world’s leading promoter of gender inequality to sit on its gender equality commission?”
Despite a resurging stock market and stabilized bond risk premia (cough Draghi cough), EurActiv reports the proportion of children living below the poverty line in Spain has increased by 9 percentage points between 2008 and 2014, to reach almost 40%.
No EU leader sent the traditional congratulations message to President Recep Tayyip Erdogan for his victory so far. They are reportedly awaiting for the independent OECD report on alleged voting irregularities, especially after Turkish opposition parties shouted foul play and fraud.
At the moment, Erdogan's priority is to win the referendum on April 16 that he hopes will change the constitution so that he can be Sultan-for-life. Picking fights with "infidel" Europeans might help him garner more support from conservative and nationalist Turks. When the voting is done, however, he will have to face the reality that an alliance cannot function forever with one party constantly blackmailing the other.
More broadly, the Netherlands is a country where the Muslim community shows few signs of integration. There are now forty no-go zones in the country; riots easily erupt, recently in Rotterdam, Amsterdam and Nijmegen; and Non-Muslim women are encouraged by local authorities to dress "modestly"...The only person talking about these problems is Geert Wilders.
Let’s get PrOGRessive SPIRIT! (Finally a positive acronym.) The long protracted sovereign crisis is over. These European markets have been overlooked and avoided for such a long time, they now represent some of the most compelling stories.