German Euro-Deputy: S&P Downgrade Part of American ‘War Against the Euro’

Posted by John Rosenthal

One of the European parliament’s most influential members, the German Christian Democrat Elmar Brok, has declared that Standard & Poor’s decision to downgrade the credit ratings of nine eurozone member states is part of a “currency war” being waged by the United States against the euro and Europe itself. Brok is a former chair of [...]

And Some People Thought it was an International Organization

Posted by John Rosenthal

In an interview that appeared in the Monday edition of the Frankfurter Allgemeine Zeitung (FAZ), the prominent German member of the European Parliament, Elmar Brok, expressed his categorical opposition to Turkish membership in the European Union and even suggested that further EU expansion could lead to the Union’s “downfall” [Niedergang]. Asked whether it was “not [...]