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Economy

Can The Euro Be Saved? A Tough French Take On Germany’s Hardball Strategy

Op-Ed: With the euro on the brink of collapse, German Chancellor Merkel wants to exploit the acute crisis to impose strong fiscal discipline across the currency union. But facing a vicious cycle of low confidence, now may actually be the wrong time to tig

Sarkozy and Merkel in Paris, in 2009 (Anna Tesar)
Sarkozy and Merkel in Paris, in 2009 (Anna Tesar)
François Bourguignon

LES ÉCHOS/Worldcrunch

PARIS - Angela Merkel's strategy – that of taking advantage of the acute European debt crisis to introduce the strong fiscal discipline that the euro zone needs -- is understandable. So too is her reluctance to catapult Germany into a series of major rescue operations without any guarantee that its European partners are willing to accept such discipline. After all, once the crisis is stabilized, what would prevent them from falling back into their lax habits?

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A woman walks in the destroyed Ukrainian eastern city of Druzhkivka, hit by a Russian air strike.

Joel Silvestri, Lisa Berdet and Bertrand Hauger.

👋 Сәлем!*

Welcome to Tuesday, where fighting rages on in eastern Ukraine, Boris Johnson survives (though not unscathed) a vote of no-confidence, and KFC is forced to pick a lettuce alternative in Australia. Meanwhile, Polish daily Gazeta Wyborcza goes to school with Ukrainian pupils and their teachers in Poland.

[*Salem - Kazakh]

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

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