National stereotyping - the eurozone's other story

EUobserver, 22.02.2012

Link to original article


"I cannot downplay the shock that the Greek debt-crisis has caused with my Finnish electorate that believes in fair play and following the rules." So said Finnish Europe Minister Alexander Stubb recently.

He went on: "The EU rarely provokes an emotional reaction among Finns - this time is different. For us this is not really about money, but principles." As Stubb tells it, it was simply an anathema to Finns that Greece massaged its books in order to qualify for entering the single currency - an act that eventually led to the eurozone's current crisis.

His comments, made to a student audience in Bruges, were a personal assessment of a Finnish view of the world. They are very much at the benign end of a narrative that has run the course of the eurozone crisis. […]

Janis Emmanouilidis, an economist at the European Policy Centre, reckons the north south narrative is the wrong way of looking at the crisis.

A Greek-German, and in that sense well-placed to watch the two countries displaying some of the most bitter rhetoric during the eurozone debate, Emmanouilidis suggests that it is more about who feels immune from the crisis and who does not.

'Northern' in the context of the eurozone crisis has not only referred to geographic location but also whether a country is viewed well by the markets - something Germany, Finland, the Netherlands and Luxembourg can all claim.

"Look at the Austrian example," says Emmanouilidis, "you would probably say they are part of the north. When they lost their triple-A [credit rating] and when they came under strong pressure because of their banks' exposure to central and eastern Europe, then suddenly there was more understanding for the situation in Greece." […]

For the entire article see here


Latest media contributions

Die Zeit kühner Prognosen ist vorüber
Quotes, Die Presse (Austria), 27.11.2020

EPC Annual Conference 2020 – European integration in light of COVID-19: United in adversity or my country first?
Online Conference, YouTube, 13.11.2020

US election: EU pins hopes on Joe Biden victory
Quotes, Deutsche Welle (English), 01.11.2020

US-Wahl: EU hofft, dass Joe Biden neuer Präsident wird
Quotes, Deutsche Welle (German), 31.10.2020

The German Presidency and the Conference on the Future of Europe: high hopes, low expectations
Online Event, YouTube, 28.10.2020

EPC Update – analysis of EU Summit on 1/2 October
Online Briefing, YouTube, 02.10.2020

Ursula von der Leyen: Erste Rede zur Lage der Union
Interview, WDR 5 (German radio), 16.09.2020

"Eine Gesundheitsunion ist ein sehr ambitioniertes Ziel"
Interview, rbb (German radio), 16.09.2020

Ein ganz anderes Europa
Interview, tagesschau.de, 15.09.2020

Comment l'Europe tente de mettre fin au bazar des avis de voyage
Quotes, La Libre Belgique, 04.09.2020


Media