As the EU disintegrates, Germany has shown that it cannot provide the leadership needed to save it. With the UK, France, and Spain unwilling or unable to take on the role, that leaves Italy, which is resuming its historic role as a source of Europe’s best ideas and leadership in politics, and also, most surprisingly, in economics.
BERLIN/VENICE – As the European Union begins to disintegrate, who can provide the leadership to save it? German Chancellor Angela Merkel is widely credited with finally answering Henry Kissinger’s famous question about the Western alliance: “What is the phone number for Europe?” But if Europe’s phone number has a German dialing code, it goes through to an automated answer: “Nein zu Allem.”
This phrase – “No to everything” – is how Mario Draghi, the European Central Bank president, recently described the standard German response to all economic initiatives aimed at strengthening Europe. A classic case was Merkel’s veto of a proposal by Italian Prime Minister Matteo Renzi to fund refugee programs in Europe, North Africa, and Turkey through an issue of EU bonds, an efficient and low-cost idea also advanced by leading financiers such as George Soros.
Merkel’s high-handed refusal even to consider broader European interests if these threaten her domestic popularity has become a recurring nightmare for other EU leaders. This refusal underpins not only her economic and immigration policies, but also her bullying of Greece, her support for coal subsidies, her backing of German carmakers over diesel emissions, her kowtowing to Turkey on press freedom, and her mismanagement of the Minsk agreement in Ukraine. In short, Merkel has done more to damage the EU than any living politician, while constantly proclaiming her passion for “the European project.”