Essay: The Eurocrisis & The New Franco-German Rituals | The National Interest

Click here to read Jonathan Laurence’s article about French-German relations in The National Interest (July 2013):

“The new Franco-German rituals—initial opposition followed by protracted negotiations and some concessions—help avoid creating moral hazard for debtor countries and has had a calming effect on international markets. One could describe Hollande’s approach as “altruistic misdirection.” Its effects are ultimately pro-European. Germany will continue to drag its feet—but it will do so while inching ever further away from its own nonstarters. These theatrical performances are not purely for domestic consumption. Germany’s “egotistical intransigence,” as French Socialists put it this spring, is good for Europe.”

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