Posted by: anotherworldip | 05/20/2012

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Dear Project Syndicate reader,
Welcome to the May 2012 edition of our monthly newsletter, where you will find the latest news from Project Syndicate, and a selection of some of the most newsworthy commentaries from the past month. This month, we are pleased to present a new Focal Point on the relationship between Germany and the rest of the EU, as well as two new videos. To keep up-to-date with all of our content, visit our Web site regularly. As always, thank you for your continued support.

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Germany vs. Europe

The European project may be disintegrating. Increasingly, Germany’s role as European leader is being challenged, and France’s rejection of austerity will embolden opponents further. Is Germany jeopardizing the European Union? How should a post-crisis eurozone – if one emerges – be organized?

In a new Focal PointProject Syndicate contributors – including Mohamed El-ErianMartin FeldsteinGeorge SorosJoschka Fischer, and more – consider these issues.

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New Project Syndicate Videos

Project Syndicate is proud to present two new videos, featuring Kemal Derviş discussing his commentary “A World of Convergence,” and Dani Rodrik discussing his commentary, “Ideas over Interests.”

Click here to watch.

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Most Recent Commentaries

Who is Responsible for the Greek Tragedy?

by Mohamed A. El-Erian

SEATTLE – Greece is following the road taken by several other crisis-ridden emerging economies over the past 30 years. Indeed, as I argued earlier this year, there are stunning similarities between this once-proud eurozone member and Argentina prior to its default in 2001. With an equally traumatic implosion – economic, financial, political, and social – now taking place, we should expect heated debate about who is to blame for the deepening misery that millions of Greeks now face.

There are four suspects – all of them involved in the spectacular boom that preceded what will unfortunately prove to be an even more remarkable bust…read more.

France Goes to Hollande

by Michel Rocard

PARIS – France has now conducted its ninth presidential election under direct universal suffrage. And, for the first time in 17 years, after three consecutive defeats, the left – embodied in the Socialist candidate, François Hollande – will return to Élysée Palace. Indeed, the first implication of this unquestionably significant election is that it confirms a return to stability.

France is the largest country in Europe to have so much trouble finding its balance. Its revolution in 1789 initiated a long period of profound instability, featuring two empires, three monarchies, and five republics. The French have gone through 13 constitutions in less than 200 years…read more.

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Other Recent Commentaries

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April’s Most Popular Commentaries

“Europe’s Short Vacation” by Nouriel Roubini

“Fed Policy and Inflation Risk” by Martin Feldstein”

“Obama’s Blunder at the Bank” by Jagdish Bhagwati

“The Hazard of Second Best” by Mohamed A. El-Erian

“A Centerless Euro Cannot Hold” by Kenneth Rogoff

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Recent comments

  1. Greece Must Exit2 hours ago

    Frank O’Callaghan Is this ‘marriage’ doomed? The benefits of the currency union are not equally shared. Nor are the costs. Couching the crisis (primarily) in terms of competitiveness may obscure fundamental issues.…

  2. After Austerity3 hours ago

    Aldo Dias Since the statistics you provided failed to mention government expenditure in 2011 for one of the countries under intervention, Portugal, and since the program only started began in may 2011, I though…

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