Germany and Management of EU Financial Crisis

The present article discusses the root causes of the ongoing financial crisis facing the European Union (EU) before analyzing the policies, attitudes and economic plans of the EU’s economic powerhouse, Germany, for dealing with and managing the crisis. The theoretical framework known as intergovernmentalism is used here to better understand the current trends and developments of the EU. In conclusion, the author will discuss scenarios ahead of the EU before introducing the most possible option to end the financial crisis and European convergence on the basis of the existing trends.