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The debt crisis in the euro area

First it was the global financial crisis. Then came the debt crisis in the euro area, unleashed by Greece. A series of strong explosions followed in the eurozone - first Ireland, then Portugal and now the attention is focused on Spain and Italy. All measures, applied so far, failed to solve the problem in its roots and markets' lack of confidence that the EU would control the crisis still exercises strong pressure on the debt stricken economies.

16 May 2017 16:35 EU Spring Economic Forecast - Optimism in Times of Uncertainty

"Uncertainty" is the focus of the European Commission's spring economic forecast presented last week. The topic is presented entirely in scientific terms, apparently aiming to give a meaningful explanation as to why economic forecasts are increasingly diverging from reality. This ...

8 February 2017 11:08 European Semester Shows EU in the Eye of the Storm

The state of European economics today resembles a nice, thick, white snow cover – gross domestic product growth is good, unemployment is dropping, investments are beginning to grow. EU economy has grown by 1.9% in 2016 and that of the euro area – by 1.7%, shows the Eurostat data ...

5 December 2016 11:58 The Crisis Is Over. Prepare the Ground for the Next One

Do you remember what the first thing was that European leaders did following the outbreak of the financial crisis in the euro area in 2009? A discussion was started on new rules for tightening of the fiscal discipline, for not long after the start of the crisis an agreement was reached ...

5 October 2016 11:25 Populists vs. Lawmakers in the Debate on Spain and Portugal

Instead of a debate on the implementation of the law, the discussion on the temporary suspension of European funds for Spain and Portugal over systemic violations of EU fiscal rules turned into a rebellion against the law. The two and a half hour dialogue between European Commissi ...

14 September 2016 08:52 Commission's Politicalness Is Already Causing Anxiety in the ECB

Something unusual happened on Friday noon, heralding a very tough discussion on the future of Europe, which is already difficult. This happened following the informal meeting of the Eurogroup in Bratislava, which was supposed to send out the usual messages towards Greece on the implementation of ...

11 April 2017 19:22 Could Greece Really Turn the Page?

Will Greece manage to complete its bailout programme this time? This is the question that is hovering in the air after on April 7 the Eurogroup agreed in principle on the fiscal and reformist path of Greece after the programme expires next year. Since February, the Greek news from the meetings o ...

14 December 2016 11:50 Margarida Marques: Respecting the Rules Will Save the EU

The EU faces many challenges, but is capable of dealing with them if it follows the rules. Just like member states in the euro area need to adhere to budget criteria, the same approach needs to be used towards social issues and the rule of law. Only then will EU citizens see that the EU brings r ...

12 October 2016 11:18 Long Greek Crisis Is Causing Severe Jet-lag to the Eurogroup

In just a single month a great change happened in the assessment of European institutions of the implementation of the Greek programme. This change does have a price and it is a mismatch in perceptions. Eurogroup chief Jeroen Dijsselbloem (The Netherlands, Socialists an Democrats) admitted Monda ...

28 September 2016 12:02 Is ECB Getting Political Too?

The boss of the European Central Bank Mario Draghi gave life to several pieces of news after the end of the summer vacation. Following the regular meeting of the Governing Council of the ECB on September 8th Mr Draghi announced the end of financial fragmentation, repelled the attacks against t ...

26 July 2016 13:53 Brexit Awoke an Echo of the Euro Area Crisis

In the first days following the June 23 referendum in Great Britain, in which voters decided that their country should leave the European Union, economic data showed the presence of a far stronger economic shock for the United Kingdom, than for the EU. A month after the publishing of t ...

 
free talk corner
Adelina Marini
#EUUS Donald #Tusk: During my meeting with the US president I had the feeling that we agreed on many issues, especially on countering terrorism. Some issues remain open, like climate and trade. I'm not 100% sure that I can today say that we have common ground regarding Russia, but regarding Ukraine it seems we are on the same side. My main message to President Trump was that what gives our relations the deepest meaning is western values - freedom, human rights, human dignity
25 May 2017 11:55
Adelina Marini
The European Commission College discussed today the future of European defence. Stay tuned for live updates
24 May 2017 12:51
Adelina Marini #Mogherini: One of the goals of tonight's informal dinner with the leaders of the Western #Balkans countries is to consider how to restore the EU's transformative power
24 May 2017 13:10
Adelina Marini
#CSR The European Commission will present today the country-specific recommendations under the European Semester. What reforms are individual member states recommended to undertake we will know in a minute. Stay tuned for live updates
22 May 2017 11:30
Adelina Marini #CSR To the leaving Britain the Commission recommends to respect the EU fiscal rules' to boost housing supply; resolve the issue with skills mismatches
22 May 2017 12:35
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