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

Putin-Merkel Talks in Sochi: Status Quo Is the Best Option
03.05.2017
For German politics, it is very important now to let Russia know that the current status quo is the best option. Including Ukraine, despite the complexity of the situation there. So far it will not be

Expert: 
Reinhard Krumm

Category:
Expert Opinions
London Attack Changes Little in UK Relations With the EU
04.06.2017
The terror attack that struck London on Saturday night, leading to seven deaths and 48 people injured, will not make much of a difference to Britain’s internal situation, Richard Sakwa, Professor of

Expert: 
Richard Sakwa

Category:
Expert Opinions
Brexit Has So Far United, Not Divided, the EU
01.06.2017
The immediate effect of the Brexit vote on the rest of the EU seems to be the opposite of the fragmentation that was forecast. And perhaps, without the UK cuckoo in its nest, the EU can actually

Expert: 
Mary Dejevsky

Category:
Expert Opinions