Watson Institute for International and Public Affairs

Blyth Parses German Leadership in Eurozone Crisis

June 12, 2012

Institute Faculty Fellow Mark Blyth co-authored a piece in Foreign Affairs online defining the kind of leadership the Eurozone needs from Berlin. Writing with Matthias Matthijs, Visiting Assistant Professor of International Political Economy at the Johns Hopkins School of Advanced International Studies, Blyth says that Germany must recognize that the Eurozone crisis is financial, not fiscal and lead accordingly. "It would be nice," they conclude, "to use an American expression, for Germany to step up to the plate and put its full economic weight behind a fiscal and a banking union, including euro-denominated sovereign debt."