The Current Financial Crisis: Fall of the Berlin Wall 2.0?

(GREEK NEWS AGENDA)   ELIAMEP Blogs: Janis Emmanouilidis, Fall of the Berlin Wall 2.0 – Part 1 Key Political Effects of the Financial-Economic Crisis The former German Foreign Minister Joschka Fischer has publicly speculated that the effects of the current financial crisis will be similar to the fall of the Berlin Wall in 1989. This time, however, the consequences would not affect the East but rather the West. In times of severe crisis, like the one we are undisputedly experiencing at present, apocalyptic predictions come as no surprise. But is Joschka Fischer right or is his prognosis rather exaggerated? Janis A. Emmanouilidis is a political analyst, policy consultant, political scientist and currently Stavros Costopoulos Research Fellow at the Hellenic Foundation for European and Foreign Policy (ELIAMEP)