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Photograph by Maarten Wouters/Getty Images

Photograph by Maarten Wouters/Getty Images

Contracts, Schmontracts

So much for the “binding” economic-reform contracts once championed by Angela Merkel. The German chancellor’s game-changing idea, back in 2012, was for European governments to make contractual, legally enforceable pledges to fix things like their labor markets or social security...

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Photograph by Antoine Antoniol/Getty Images

Photograph by Antoine Antoniol/Getty Images

Hollande: Give Me Governance, Not GovernFrance

French President Francois Hollande wants “stronger governance” and “strengthened economic policy coordination” in the euro zone — as long as France isn’t governed or coordinated by it. France’s embattled leader performed this logical backflip last night after putting out a...

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Photograph by Adam Berry/Bloomberg

Photograph by Adam Berry/Bloomberg

A Trillion Tax Euros Fall Between the Cracks

What was Europe’s debt problem is starting to look like Europe’s taxation problem. Words emerging from a one-day European Union summit in Brussels show EU leaders aren’t focused just on spending and deficits: they announced an investigation into “aggressive” use...

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Photograph by Ursula Alter/Getty Images

Photograph by Ursula Alter/Getty Images

France Is Psyched for Deficit Valentine

Meeting budget-deficit targets isn’t France’s strong suit, but it’s looking increasingly likely that President Francois Hollande will be given some breathing space next week, when the European Commission puts out economic forecasts for the euro zone. The previous forecasts, in...

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German Economy Minister Rainer Bruederle in Berlin on Jan. 27, 2010

Photograph by Michele Tantussi/Bloomberg

German Economy Minister Rainer Bruederle in Berlin on Jan. 27, 2010

Today in Euro Crisis History: Trial Balloon Dept.

January 30, 2010 Germany’s Bruederle Rules Out Bailout for Greece German Economy Minister Rainer Bruederle ruled out a rescue for Greece, as officials in Athens struggle to tame the euro area’s biggest budget deficit. “I don’t think that a bailout...

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Photograph by Odd Andersen/AFP via Getty Images

Photograph by Odd Andersen/AFP via Getty Images

In Snowy Berlin, Merkel and Hollande Claim There’s a Spark

If nothing else, Angela Merkel and Francois Hollande say they have chemistry. The two leaders may not have reenacted the 1963 embrace between West German Chancellor Konrad Adenauer and French President Charles de Gaulle at the Elysee Palace. But they...

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Photograph by Scott Eells/Bloomberg

Photograph by Scott Eells/Bloomberg

Merkel Won’t Lighten Davos Downbeat Growth Deliberations

As Europe’s political celebrities pack warm for the World Economic Forum in Davos next week, expectations of what they’ll achieve there are about as low as their economies’ growth rates. The Swiss mountain-resort pow-wow is shaping up to be a...

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