Critics of Germany’s actions in the eurozone debt and banking crisis often berate Angela Merkel, the Christian Democrat chancellor, for lacking a “vision” for Europe. Not me. I am with Helmut Schmidt, West Germany’s plain-spoken Social Democrat chancellor from 1974 to 1982, who once said that people who have visions should go and see a doctor.
What is the view of Mario Monti, the distinguished former European Union commissioner, who worked closely with Merkel during his 17-month spell as Italy’s prime minister from November 2011 until last April? Monti now chairs a committee on promoting a united Europe at the Berggruen Institute on Governance, a non-partisan think-tank headquartered in California. I contacted him earlier this week in Milan, and as usual his thoughts were perceptive and full of common sense (and quite long sentences). Read more
By Luisa Frey
♦ Twenty-three years after German reunification, a report shows that east-west migration is fizzling out. As the socio-economic differences become smaller, investors are pumping capital into the ex-communist east, writes the FT’s Stefan Wagstyl.
♦ Slovenia – which cruised to the EU as the wealthiest of the 10 ex-communist members – is now struggling to avoid a eurozone bailout.
♦ In the US, inequality is moving to the front line of politics. The rich-poor gap has long been an issue, but in post-crisis times it seems more difficult to raise hopes of upward mobility.
♦ “Keeping China moving will keep its leaders busy,” comments the FT’s David Pilling. Xi Jinping – “the world’s most powerful leader” – has nine years left at the helm of an economy that could be the world’s biggest by 2020.
♦ In post-revolutionary times, Arab countries are dealing with the task of rewriting history and figuring out how to teach it. Egypt, Lybia and Tunisia are removing from school textbooks the praise they once heaped on former dictators, writes The Economist.
♦ A video report from the Wall Street Journal follows citizens whose lives were upended by the conflict across Syria’s northern border. “I always try to make my students forget what they saw in Syria”, says a teacher in a refugee camp in Turkey. Read more