G20 should not withdraw fiscal support too early: Germany s Scholz
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G20 should not withdraw fiscal support too early: Germany s Scholz
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Merkel Is Leaving and Macron Is Flailing, But the EU Has a New Heavyweight in Draghi Bloomberg 25/02/2021 Alberto Nardelli
(Bloomberg) One thing European leaders always knew about Mario Draghi was he’d never lose his cool.
When European Commission President Jean-Claude Juncker gathered senior policy makers on the 13th floor of the Berlaymont building in Brussels to thrash out details of the third Greek bailout in June 2015, some were expecting trouble from Finance Minister Yanis Varoufakis.
But as Juncker worked line-by-line through proposed tax changes with a small group including Alexis Tsipras, the Greek prime minister, Varoufakis was engrossed in debate with Draghi at the other end of the room, according to two people who were present. At 3 a.m., the anti-capitalist firebrand and the head of the European Central Bank were debating GDP deflators and macroeconomic policy dilemmas from the 1930s like a pair of academics.
Biden must freeze Putin’s pipeline and prevent this “bad deal for Europe” UkraineAlert by Benjamin Schmitt
Pipes for Nord Stream 2 pictured on February 15, 2021 in Germany. (imago images/Jens Koehler via REUTERS)
In August 2016, then US Vice President Joe Biden stood in Stockholm and declared the Kremlin-backed Nord Stream 2 pipeline project to be a “bad deal for Europe.” In doing so, Biden added vital policy leadership against Putin’s pipeline to his role as the Obama administration’s point person supporting Ukraine’s struggle against Russian aggression.
Five years later, President Biden delivered a powerful address to the Munich Security Conference declaring that “standing up for the sovereignty and territorial integrity of Ukraine remains a vital concern for Europe and the United States.” Add to that his refreshing truth-telling that “the Kremlin attacks our democracies and weaponizes corruption to try to undermine our