There are several reasons. One is that they understand the economic consequences of it. They also understand what it would mean to the wider European project if the strongest country actually steps out of the only semifunctional concentric circle within the European Union. At the same time, there's just a dramatic lack of any alternative. Having said all that, Germany could have done better actually to push forward the missed opportunity before the euro was launched to foster a political union as a precondition for a monetary union.
They do realize that a lot of the flaws we're facing right now with the euro project are still tied to the deficits regarding a political union. That's one of the reasons why a good number of people see a lot of hope now in Emmanuel Macron's election. I'd be careful not to overburden him there.
Guttenberg: Not in its current shape. There are too many distinguishing factors. It can start with simplistic things like the linguistic and cultural diversity being just too vast even within European member states. What I can see is the prospect of further deepening in certain areas that could lead to more and more united elements.
One is the idea of Chancellor Merkel to, at one point, shape an economic union. Although she has never actually defined what it would mean, but it is a step towards more what Macron is actually now asking for -- to go further into a financial union. He even launched this old idea of eurobonds again, which will not fall on very receptive ground in Germany. That again explains why we are still far, far away -- just this little example -- from a United States of Europe.
OR: Why didn't they kick Greece out when it was clear that the country was on the precipice of crisis? Guttenberg: A combination of things. It's, first and foremost, the never-ending political belief in still finding solutions even if there aren't any on the horizon. Secondly, angst around the geopolitical impact. There are a lot of factors that played into that, given the Russian influence in Greece.
There is fact that they are still a member of NATO. The allegations have great force because Karl-Theodor zu Guttenberg is a dream of a politician: rich, good-looking with a beautiful wife, the very model of a German aristocrat. The "von und zu" reveals his lineage, while Freiherr means "baron". His home is a castle in Bavaria which has been in the family since ; he is good-looking; his wife is a glamorous chat-show host and a great-great-granddaughter of "Iron Chancellor" Otto von Bismarck.
He is dynamic, an action man sort of defence minister, seen by television cameras vaulting over fences. Or striding from helicopters in Afghanistan, accompanied by his wife. At 39, he is young for a politician. He is often mentioned as a possible successor to Germany's chancellorship. Dr zu Guttenberg - as the name on his military fatigues describes him but as he will for now not call himself - is no stranger to controversy. There has been a string of fusses - scandals might be too strong a word - over events in his ministry, which prompted accusations that he was not fully in control of his department.
The most recent case surrounded events on a military training ship where it seems there was a mutiny when cadets refused to climb rigging from which another cadet had fallen to her death. Lurid tales of sexual goings-on then emerged. The headlines were big and the heat on the minister was high, not for any failings of his own but because he was the man at the top. His ministry was also criticised when it announced that a German soldier had shot himself in Afghanistan - and it then emerged that he had been shot accidentally by another soldier.
And there was a row over a visit to Afghanistan with his wife last December. They were filmed by batteries of cameras, leading to an accusation from one opposition politician that "a staged spectacle like this, in one of the worst conflict zones of the world, can barely be beaten for tastelessness". Paytm may not have much listing pop: Rajat Sharma Where to look for hidden gems in this market? ET NOW. Brand Solutions. Video series featuring innovators.
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