If Greece defaults and walks out, the EU will be in crisis. Speculators will go for Spain and the EU will not be able to find the money to bail out a large economy such as that of Spain.
The fall of the wall also coincided with the collapse of the USSR and end of the Cold War. Theoverall changes since 1989 have been largely a remarkable success with the majority of citizens in the former socialist countries not wanting to go back to the earlier economic and political system.
Liberal democratic European countries are suddenly discovering their ‘national heritage’ and their ‘national culture’ because of the desire to maintain the majority position and the privileges that come with it.
On the eve of the formation of the new government it is expected that Germany would mainly devote its energy at home as the mandate is for continuity in the time of economic recession. No spectacular point-of-departure in foreign policy can hence be expected from Berlin.
The visit of US President George Bush to India in the first week of March and the signing of the Indo-US nuclear deal have evoked reactions in Western media as expected. Viewpoints expressed in the vast English media, professional websites as well as other discussion fora present a spectrum of analyses. However, it is pertinent to have a look at the vernacular German media which have been closely observing the Indo-US strategic partnership not episodically but with thorough interest.
On May 17, 2005, the Federal Interior Ministry of Germany published its annual report on the Protection of Constitution for 2004. For the last few years, the country’s domestic intelligence agency – Bundesamt für Verfassungsschutz (BfV) – under the Federal Interior Ministry, has been publishing such reports on its website.
