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Archives for financial stability

I was on the radio this morning discussing with eurosceptic Tory MP Bill Cash the proposal that there should be some kind of common discussion among the member state governments and the European Commission about the national budgets of the member states. The European budget is of course agreed by the member states, but it… » read more

This simple truth has finally become evident; but it took the Greek financial crisis to carry the message home. In a 12 page communication of May 12th the EU Commission draws the appropriate policy conclusions for the EU and member states. Basically, the Commission insists on deepening and broadening the existing surveillance mechanisms of member… » read more

During the last European Council meeting, EU leaders made their position towards the Greek economic crisis clear: Greece will have EU’s help if the measures taken by the country fail to tackle the economic problems. In other words, Brussels will make sure that Greece will not need EU’s assistance; towards this direction, EU has proposed… » read more

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