German Chancellor Angela Merkel is congratulated in late September after the German parliament ratified key reforms of the eurozone's bailout fund
At National Review Online, Acton Research Director Samuel Gregg observes that “much of Europe’s political class seems willing to go to almost any lengths to save the euro — including, it seems, beyond the bounds permitted by EU treaty law and national constitutions.” Excerpt:
Protesters outside parliament on May 5 in Athens, Greece.
On the blog of The American Spectator, Acton Research Director Samuel Gregg looks at how Europe refuses to address the root causes of its unending crisis:
Read more on Samuel Gregg: Europe Can’t Face Economic Reality…
An Italian friend of mine recently complained to me while painfully witnessing the climax of the Italian debt crisis: “Cosi Berlusconi, cosi l’Italia!” (As with Berlusconi, so too with Italy!).
My friend’s comment was an allusion to the Italian Prime Minister’s personal responsibility in dragging the entire Italian nation down with him. News broke late on Wednesday that Berlusconi had agreed to step down from office, as he effectively admitted his 17 years of political power had done nothing more to fix a broken system and as more members of his loose PDL coalition defected to centrist parties.
Read more on Pointing Fingers: Berlusconi or Ourselves to Blame…
Acton’s Kishore Jayabalan on Vatican Radio today. Summary:
The spectre of a hard Greek default and euro exit hung over a meeting of G20 leaders beginning in Cannes on Thursday. U.S. President Barack Obama said after talks with his French counterpart Nicolas Sarkozy that Europe had made some important steps towards a comprehensive solution to its sovereign debt crisis but needed to put more flesh on the bones and implement the plan. The world is counting on the G20 to find a way out of the crisis, before it begins spreading to other parts of the globe.
When the Pontifical Council for Justice and Peace needed an expert economist to assist in articulating the “Note” titled Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority to feisty journalists at an Oct. 24 Vatican press conference, it called on the University of Rome “Tor Vergata” economics professor, Leonardo Becchetti.
Read more on Rome Economist Helps Explain Vatican ‘Note’ on Financial Reform…
The aggrandizement of the European Union’s powers, particularly of its regulation, has had a steady growth within Europe, and is now looking to move outside European borders. Namely in one American industry, the airline industry, passengers may soon be paying higher air fares, not because of factors within the American financial market, but because of a carbon emissions tax that the EU will be imposing on American airlines which service flights to EU member countries.
With Europe’s traditional moral framework – Christianity – under increasing attack, the Roman Catholic and Russian Orthodox churches are drawing closer in order to combat the forces of secularism and “Christophobia.” Rev. Johannes L. Jacobse looks at efforts to set aside long held theological disputes and forge a unity of action on social questions. Subscribe to the free weekly ANC and other Acton publications here.
The European Union’s finances are in a dismal state, and are requiring governments to revaluate the “welfare state.” Samuel Gregg articulates in his article appearing in The American Spectator, “Europe’s Not-So-Revolutionary Youth,” that a youth movement called les indignés or los indignados, depending on where you are, is resisting the reforms being proposed:
Doubtful, at least on these terms. Does the institutional church have to officially advise the government in order to have influence?
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European institutions “more open than ever” to church co-operation
By Jonathan Luxmoore
This week’s Acton Commentary. Sign up for our free, weekly email newsletter here.
By Samuel Gregg
It’s not often senior European political leaders make politically-incorrect statements, but Germany’s Chancellor Angela Merkel has recently made a habit of it. The subject has been the touchy question of Muslim immigration and the challenges it poses for European identity. Not only has Merkel upset the European political class (especially the Left and the Greens) by saying what everyone knows—that multiculturalism has “utterly failed”—but she also argued that the issue was not “too much Islam” but “too little Christianity.”
Read more on Europe, Immigration, and Merkel’s Christian Values…
