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

Why the EU Will Never Be the Same
29.11.2016
Last Sunday, German President Joachim Gauck said in an interview to Die Welt newspaper that integration in the European Union should be suspended. “Creating the EU, we developed a concept which

Expert: 
Alexander Rahr

Category:
Expert opinions
Europe’s Decline and Uncertain Future: What Should Russia Do?
18.01.2017
Russia should not be in a hurry to meddle in European affairs, especially given that interference of this kind has a poor track record. Despite the hostile actions by the EU and some of its member

Category:
Expert opinions
Europe in 2016
09.01.2017
The year 2016 turned out to be rich in political events in Europe and around it. Many of them are capable of having a long-term influence on the situation’s development and to a significant degree

Expert: 
Oleg Barabanov

Category:
Expert opinions