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Category Archives: Euro
Jun 7 2015
Greece – Deal or no deal? Parameters of a decision
5 CommentsBy Max Hänska It appears to me that much of the ongoing discussion about the Greek debt talks misinterprets the parameters of the challenge, and the resulting (irreconcilable) disagreement. Some economists attribute the standoff to the unwillingness of creditors to accept economic facts (Greece … Continue reading
Jun 2 2015
Europe entrapped? An interview with Claus Offe
Comments Off on Europe entrapped? An interview with Claus OffeBy Claus Offe and Daniel Whittall Europe remains mired in a crisis as much political as it is economic. The crisis has been long in the making and its dynamics stem from the institutional structures that govern European politics. In Europe Entrapped Claus Offe, Professor … Continue reading
Posted by: June 2, 2015
Tagged with: Claus Offe, Crisis, ECB, EU, Institutional framework
May 22 2015
Are Italian Public Debt Forecasts Too Optimistic?
1 CommentBy Giuseppe Bianchimani Italy, a history of large public debt Italy has the third largest stock of public debt in the world, the second in the euro zone next to Greece and the highest debt service ratio in the G7. … Continue reading
Posted by: May 22, 2015
Tagged with: debt crisis, debt-to-GDP ratio, Euro, Eurozone, growth, Italian economy, Italian public debt
May 18 2015
Eurosceptics at a Junction: Antagonising the EU for the Sake of it is Risky
3 CommentsBy Alessio Colonnelli All right-wing parties seem to dabble in anti-EU rhetoric more or less radically: the EU weakens the prerogatives of their nation-states. Germany’s Christian Democratic Union is a conspicuous exception; it sharply antagonises the further-to-the-right Alternative for Germany, … Continue reading
Posted by: May 18, 2015
Tagged with: Brexit, ECB, Euro, Euroscepticism, UKIP
Feb 14 2015
Greece’s government deserves benefit of doubt
1 CommentBy Max Hänska Wednesday’s Eurogroup meeting managed to underwhelm low expectations, as talks even failed to agree the usual face-saving joint statement outlining a structured agenda for future talks. It appears Varoufakis disappointed Eurogroup ministers by arriving without a written plan, and … Continue reading
Posted by: February 14, 2015
Tagged with: media, Nazi comparison
Feb 11 2015
The Greek Government’s programme: an act of defiance or a call for compromise?
Comments Off on The Greek Government’s programme: an act of defiance or a call for compromise?By Eleftherios Antonopoulos & Konstantinos Kostagiannis International media described the Greek prime minister’s address to the parliament on Sunday as “defiant” (BBC and Reuters for example). Yet, what emerged from the speech was a mildly coherent attempt to bridge the … Continue reading
Posted by: February 11, 2015
Tagged with: ANEL, austerity, debt crisis, Euro, fiscal policy, Foreign policy, SYRIZA
Jan 28 2015
The End of Austerity in Europe?
5 CommentsBy Max Hänska After a spectacular swing to the left, away from a political establishment that ruled the country uninterrupted for decades, Greece’s election signals the changed mood that is taking hold of Europe. Austerity has failed. What economists have … Continue reading
Posted by: January 28, 2015
Tagged with: austerity, Crisis, default, ECB, elections, Eurozone crisis, SYRIZA
Oct 1 2014
Why Italy Will Not Make It
17 CommentsBy Roberto Orsi Three articles by prestigious commentators (Ambrose Evans-Pritchard and Roger Bootle for The Telegraph, Wolfgang Münchau for Financial Times) have recently appeared in the financial press about the economic situation of Italy and the (in)stability of its national … Continue reading
Posted by: October 1, 2014
Tagged with: Ambrose Evans-Pritchard, austerity, Decline of Europe, default, ECB, Eurozone architecture, Eurozone crisis, Financial Times, German Constitutional Court, Implosion, Italian economy, Italian public debt, Maastricht, Mario Draghi, Neo-Keynesian policies, Neoliberalism, Reforms in Italy, Roger Bootle, The Telegraph, Wolfgang Münchau
Jun 10 2014
Mind the Gaps: The Political Consequences of the Great Recession in Europe
5 CommentsBy Diego Muro and Guillem Vidal The financial crisis that started in 2008 had an unanticipated magnitude. What at first glance appeared as a manageable frailty of the financial sector rapidly derived into a Great Recession with on-going continuity into … Continue reading
Posted by: June 10, 2014
Tagged with: Accountability, democratic deficit, ECB, Gini, Gini coefficient, Inequality, legitimacy
May 30 2014
The European Elections in Germany: Satire and Concerns over the European Project
Comments Off on The European Elections in Germany: Satire and Concerns over the European ProjectBy Max Hänska The European elections in Germany didn’t produce major surprises, yet a mood of trepidation and uncertainty prevails. The Christian Democrats did better in absolute numbers than in the last election though relatively their share of the vote remained … Continue reading
Posted by: May 30, 2014
Tagged with: Angela Merkel, austerity, Election, European Elections 2014, European Union, Euroscepticism, Germany