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November 22, 2010
Open Europe has today published a briefing asking the simple question: will an Irish bail-out actually solve anything?A healthy Irish economy is quite clearly in the UK’s interest, and to extend loans to a struggling neighbour (to use Osborne’s rhetori…
November 1, 2010
An interesting new paper by German think tank Centrum für Europäische Politik has listed “Five hard rules for a hard Euro”. It sums up some of the ideas on how to save the euro, currently floating around Germany.Here they are:More automatic sanctions…
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bail-out, Centrum für Europäische Politik, EMU, English, euro |
October 1, 2010
Today’s gloomy revelations from Ireland were followed by rather disturbing news from the Greek parliament.As part of a long-standing tradition to let tax evaders off the hook every three to four years, Greece’s parliament has rushed through a law whi…
September 8, 2010
Open Europe’s evening seminar yesterday featured Prof. Dr. Wilhelm Hankel, one of the five German Professors who have challenged the legality of the eurozone bailout at the German Federal Constitutional Court. Please click here to read a more detailed…
August 16, 2010
The eurozone is experiencing some economic growth again. Data published the other day by Eurostat shows that eurozone GDP expanded by 1% in the second quarter of 2010 from the first quarter, and by a flattering 1.7% in comparison with the second quarte…
July 29, 2010
A recent Eurobarometer poll has found that the majority of Spaniards, a sizeable 54 percent, believe that “without the euro, with the peseta, we would have been able to confront the economic crisis”. Somewhat surprisingly, perhaps, this is higher t…
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EMU, English, eu communication policy, euro, European Commission, Spain |
July 12, 2010
The new Slovakian government is not bowing to pressure over its refusal to sign off on the eurozone bailout package. After a meeting with European Union Council President Herman van Rompuy tonight, Slovakian Prime Minister Iveta Radicova said, when ask…
July 9, 2010
Relief for the recent debt troubles of the eurozone has come in unexpected form this week, with three of the countries using the single currency making it to the World Cup semi-finals – and both finalists being eurozone members (Spain and the Netherl…
July 8, 2010
A first attempt (to our knowledge at least) at quantifying the cost of a possible break-up of the eurozone has been made by Dutch bank ING. The report carries the title “Quantifying the Unthinkable”. A break-up of the eurozone, it says, “would h…
March 23, 2010
Following its succesful campaign to pressure Ireland into signing the Lisbon Treaty, the EU elite now seems set on an even bigger task: forcing Germany to accept a bailout plan for Greece. A range of selcted EU leaders hope that Germany will give in a…
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12117, 12118, bundesbank, EMU, English, EU Priorities and Opinion, euro, Financial Services, Germany, greece, Merkel |
March 9, 2010
An objective of the Maastricht Treaty was EMU – Economic & Monetary Union. 16 countries have achieved monetary, but not economic, union. Indeed, even economic policy cooperation still leaves a lot to be desired. The original criticisms of the euro were the lack of economic coordination and the absence of any central fund. Greece has… » read more
March 8, 2010
More news on the eurozone front this weekend as we learned that France and Germany are preparing plans for an IMF-style European Monetary Fund (EMF). German Finance Minister Wolfgang Schäuble has said he will “present proposals soon” for a new eurozon…
March 5, 2010
As riot police today were forced to use tear gas against violent crowds in Athens protesting against further Greek spending cuts to narrow the country’s budget deficit (and save the eurozone), we recieved another reminder of German opposition to any cr…
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EMU, English, EU Priorities and Opinion, Financial Services, german court, Germany, greece |
February 16, 2010
The EU’s finance ministers, and a handful of heads of state, are meeting today in another attempt to come up with answers to the ‘Greek question’. No details are expected to be announced, although an agreed decleration will give Greece a month to get d…
February 15, 2010
The comment pages of today and the weekend’s papers were understandably filled with reflections on a potential Greek bailout and the wider implications for the euro and the EU as a whole. We argued in our recent briefing that a bailout would have far-r…
January 29, 2010
Here’s another thought for the weekend. Apart from the legal obstacles (at least on paper) involved in giving emergency support to Greece – something we’ve touched on many times before – there may be a second legal hurdle that EU leaders have to pass i…
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bail-out, EMU, English, EU Priorities and Opinion, euro, Financial Services, greece |
January 27, 2010
As Greece’s troubles continue (save yesterday’s temporary boost), the debate on whether the EU Treaties legally allow the EU to bail out one of its member states rages on. On his blog, the FT’s EU correspondent Tony Barber claims that the “EU possesses…
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10756, bail-out, ECB, EMU, English, EU Priorities and Opinion, Financial Services, greece |
January 25, 2010
A recent legal paper by the European Central Bank deals with the subject: “Withdrawal and Expulsion from the EU and EMU: Some reflections”. It has received quite a bit of attention. Unsurprising, perhaps, given the state of the Greek economy (see h…
December 1, 2008
Thanks to the Euro, members of the Euro-zone have been able to weather the international financial crisis much better than those outside the euro-zone. Hungary and UK, not to mention Iceland, have seen their currencies coming under pressure for devaluation, as they lacked the solidity and solidarity of the single currency. It is therefore […]… » read more
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Denmark, Dollar, EMU, euro, Euro-zone, Hungary, Iceland, Poland, romania, Sweden, Yen, Yuan |
