Federico Steinberg believes in the success of a German Europe

Once it overcomes the debt crisis the Eurozone could become successful thanks to the changes enforced by Germany, economist Frederico Steinberg writes hopefully in the conservative business paper Expansión: "If everything goes according to the plan of the Berlin-Frankfurt axis, the Eurozone will flourish thanks to a banking union, limited fiscal union and some form of economic and political union. But it will be a very German economic bloc: export-oriented, sceptical regarding Anglo-Saxon liberalism and likely reluctant to assume an international leadership role. … This transformation is based on the hegemonic dominance of the Germans, who since the debt crisis began have taken the reins of Europe in their hands and are forcing all the peripheral economies of the Eurozone (including France) into Germanisation as a condition for providing the necessary financial solidarity. … If this process is concluded successfully - that is, if we begin to see the light at the end of the tunnel before the people turn their backs on the European project and elect anti-European parties - the Eurozone will see its power and influence in the global economy increase considerably."

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