Eric Maurice writes in EUobserver that French president Emmanuel Macron’s biggest challenges comes from Berlin, where Angela Merkel and her conservative party are skeptical of plans to create a European Monetary Fund and establish a European deposit insurance scheme to protect savers:
Although the two plans were initiated by the EU before Macron took them, their rejection would signal a clear rebuttal of the French president’s more ambitious proposals for the longer term.
Merkel hasn’t ruled out a European Monetary Fund, but — like the Dutch and other deficit hawks in the north of Europe — she wants it to be an “intergovernmental”, as opposed to an EU-led, institution.
Germany isn’t in favor of creating a eurozone budget and finance minister either.
Hungary’s Viktor Orbán is likely to win reelection on Sunday. The Washington Post has a good story about the rebellion the EU faces in Central Europe. For more on the political trends Orbán embodies, read:
Jan-Werner Müller: We are doing Orbán a great favor by accepting him as any kind of democrat. It is democracy itself — and not just liberalism — that is under attack in his country.
Tom Nuttall: Orbán’s depiction of himself as an illiberal democrat is largely window-dressing. Were his pollsters to discover that voters were no longer animated by immigration, he would manufacture a different foe. Orbán’s ideologues assemble theoretical scaffolding to justify the channelling of state resources to favored businessmen under the rubric of “economic patriotism”. The EU harbors not an illiberal democracy, but a semi-autocratic kleptocracy in which loyalty offers the quickest route to riches.
Dani Rodrik: Liberal democracy is being undermined by a tendency to emphasize “liberal” at the expense of “democracy.” The European Union represents the apogee of this tendency: the delegation of policy to technocratic bodies.
Philip Stephens: The West misread the collapse of Soviet communism. It was not, after all, the end of history. Happy assumptions about the permanent hegemony of laissez-faire capitalism and the historical inevitability of liberal democracy were rooted in a hubris that invited nemesis. For all that, the end of the Cold War did produce a big idea. Now, as we are daily reminded by Donald Trump’s Twitter feed, it is being swapped for a very bad idea. Read more “Orbán’s Rebellion, Liberal Democracy and Trump’s War in Syria”
Donald Trump has given Vladimir Putin a win in Syria by withdrawing America’s support from the rebels fighting Bashar al-Assad.
The Washington Post reports that Trump made his decision a month ago, before he met Putin at the G20 in Hamburg.
Russia and the United States seemed on the verge of a confrontation at the time. America had shot down a regime fighter jet that was attacking its allies in Syria. Russia responded by suspending a military hotline with the United States.
Bashar al-Assad hadn’t had control of his Iraqi frontier for years. It’s a major headache; it’s allowed Sunni rebels to supply themselves from Anbar, a favorable route for Gulf states hoping to keep the war going.
It’s also allowed the Islamic State to slide supplies from its shrinking Iraqi domains to its shrunken Syrian ones.
The Islamic State famously demolished the literal border wall between the two countries. That was right after they blitzed across it to capture Mosul in June 2014.