It’s been a quiet week in Brussels, with much of the city away thanks to a two-day bank holiday and a fall break in the school year. Those who have remained in town continue to debate the fallout of last week’s European summit, where all 27 countries fell in line behind German chancellor Angela Merkel and decided to amend the EU’s treaties to create a new bailout system for potential future Greeces.
Much of the discussion over lunches and in opinion journals has focused on two related questions: Is the decision to follow Ms Merkel into the precarious process of treaty change yet another sign of Germany becoming something of a continental hegemon when it comes to driving Europe’s economic policies? And just how painful will the next round of treaty change be?
Charles Grant, director of the Centre for European Reform, has a nice summary of the debate up on his group’s website, with some telling insights about the mood in France over the recent bluster from Berlin: Read more