Valdai Paper #10: Europe’s Twin Crises: The Logic and Tragedy of Contemporary German Power

06.02.2015

The tenth Valdai Paper «Europe’s Twin Crises: The Logic and Tragedy of Contemporary German Power» explores the central role of Germany in the context of the European Union crises. After the collapse of the Bretton Woods system, problems of uneven development in Western Europe significantly arouse. 

On the one hand Germany is not ready to exercise “benevolent hegemony” role, on the other is trying to solve its problems at the expense of the other countries, imposing austerity on the rest of the Eurozone. The imploding monetary union is the subject of the first half of the paper. In the second part author describes the Russian-German relationships amidst the Ukrainian crisis and the precedence of the Atlanticism. Notwithstanding its significant energy dependence on Russia, the Germany’s general line in foreign policy is oriented to the West.

The paper is written by Alan W. Cafruny , Professor of International Affairs on the faculty of Government, Hamilton College (USA). He is the author of numerous books and scholarly articles, including «Europe at Bay: In the Shadow of US Hegemony» (co-authored with Magnus Ryner) and forthcoming «From the Golden Age to the Ordoliberal Iron Cage: the Political Economy of the European Union» (also co-authored with Magnus Ryner).

Related articles

Turkey Drifts Away from the West, but How Far Will It Go?
08.08.2018
It is difficult to say that Turkey will break off all its ties with the West. The main principle should be a “balanced policy” in the Turkish foreign policy. However, a harsh American tone can bring

Expert: 
Sinan Oğan

Category:
Expert Opinions
Anti-Migration Narrative Becomes the New European Mainstream
08.08.2018
The migration crisis in Europe was much more severe two or three years ago. Back then, Angela Merkel, the leader of Europe’s strongest country, made a mistake by trying to solve the problem in liberal

Expert: 
Gábor Stier

Category:
Expert Opinions
Brexit, Once Again: Wandering in a Maze
07.08.2018
After Brexit, Theresa May wants to retain all the privileges England had in the era of EU membership. But the EU understands that it would mean its further collapse, because if a country that quits

Expert: 
Alexander Rahr

Category:
Expert Opinions

Calendar

Popular tags

Newsletter

Type your E-mail to subscribe to Valdai Club newsletter
Subscribe