Cartoon by Iturria on the efforts to counter the debt crisis in the euro zone (24 May 2012)

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‘ONE TWO! ONE TWO! PssT! Eurobonds. E Presidency.’ On 24 May 2012, French cartoonist Michel Iturria illustrates the deep differences between Paris and Berlin on how to resolve the debt crisis in the euro zone. The German Chancellor Angela Merkel strongly advocates restoring order to public finance and imposing strict budgetary rigour in the European countries experiencing difficulties (particularly Greece and Spain, which are having to ‘keep in step’), while French President Hollande is in favour of the introduction of Eurobonds, a system which involves pooling the debt of European states. Herman Van Rompuy, President of the European Council, is standing next to the French President.

Source and copyright

Source: ITURRIA, Michel. "Ein ZWEI! EIN ZWEI! Psst! Eurobonds." dans Sud Ouest Bordeaux: Groupe Sud Ouest. 24.05.2012 .

Copyright: (c) Michel Iturria

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Cartoon by Iturria on the efforts to counter the debt crisis in the euro zone (24 May 2012)