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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.

7 May 2016 07:45 Spring Economic Forecast: Going out of Austerity Back To Keynesianism

This week, the European Commission revised down its forecast for the EU’s economic growth because of the continuing global instability, but also because of the internal European instability. The EC expects the effect on growth of the low oil prices and the devaluation of the euro to wane, ...

9 March 2016 11:41 Eurogroup Gave In to the IMF on Greek Debt Relief

It is not easy being Greece these days. On one side, Athens is pressed by the thousands of refugees overflowing from Turkey and its Schengen partners, and on the other it is pressured by disagreement between the Eurogroup and the International Monetary Fund on the implementation of the third bai ...

17 November 2015 11:23 The Missing Numbers in the Autumn Economic Forecast

The demographic component of growth is not the only novelty in this year’s economic forecast. There was one more quite important element in it, which however, due to lack of figures, remains almost invisible. It is the effect of structural reforms. This tiresome phrase, ...

8 September 2015 10:45 Economic Uncertainty Weighs over the Eurozone

Economic recovery of the Eurozone has slowed down due to new risks emerging in the last few months, reported European Central Bank boss Mario Draghi last Thursday after the first meeting of the bank’s Governing Council after the summer holidays. The Real Gross Domestic Product of ...

18 August 2015 17:24 Greece's Third Bailout Programme Is a House of Cards

On Friday night the ministers of finance of the Eurozone approved the third bailout programme for Greece, amounting to almost 86 billion Euros. Nothing in this programme is for certain, though – not the involvement in it of the International Monetary Fund; some fundamental issues, connecte ...

26 April 2016 18:22 Eurogroup and IMF Have Come Closer to Agreement on Greek Debt

The end of the dispute between the International Monetary Fund and the EU on the third Greek bailout programme is now near. This became evident during the informal meeting of the Eurogroup in Amsterdam last Friday. A compromise solution was reached then, which allows for the IMF to receive guara ...

16 December 2015 21:16 Juncker: The Euro Area Crisis Is not Over Yet

The subject of the euro area's future is back on the agenda of the leaders of the 28 EU member states. This time, however, more specific decisions are expected. The five presidents’ report will be thoroughly discussed on the second day of the December European Council &ndash ...

9 October 2015 08:23 Pierre Moscovici Went Too Far with EC's Politicising

Jean-Claude Juncker came to power with the promise to remake the purely technocratic, bureaucratic, and clerical body into a slightly more-political European Commission. A year later, the Commission is becoming too political. This is most obvious in the European semester and espec ...

1 September 2015 13:33 Economic Logic vs Left-wing Ideology Stirs France

“The idea that France could go forward and the French could live better, working less, is absolutely false”. A short sentence with a huge meaning. Not only because it is said by the French minister of economy at a meeting of the largest employers’ organisation, Medef, but also ...

14 August 2015 20:49 Greece's Third Bailout Deal Fell in the Eye of the Currency Storm

Can you imagine that the main topic of the emergency meeting of the Eurogroup on Greece is not Greece itself? Difficult to do, but fact. The third bailout package of loans-against-reforms, which has already been agreed on and is about to be approved by the finance ministers of member-countries o ...

 
free talk corner
Adelina Marini
The #IMF has published its debt sustainability report on #Greece with new projections and proposals ahead of the key #Eurogroup meeting today which is expected to bridge the differences with the euro area on the restructuring of the Greek debt. According to the IMF, the proposed by the Eurogroup measures, like extension of maturities and payment deferrals would not be sufficient, therefore it is proposing also fixing interest rates. These three measures combined would reduce the Greek debt by 53% of GDP by 2040, the Fund believes. You can read the entire report here euinsi.de/Pwwo
24 May 2016 08:38
Adelina Marini #Eurogroup #Dombrovskis was cautious regarding the debt relief issue for #Greece
24 May 2016 13:41
Adelina Marini
#bpw16 #Austria in the end will not have a far right president. The next head of state will be the independent Alexander Van der Bellen. After a close race, the end of which was defined by the votes sent via mail, the far right candidate Nobert Hofer has conceded defeat. This, however, does not mean an end to the far right tendencies in Europe
23 May 2016 16:58
Adelina Marini
#JHA The ministers of justice and home affairs are meeting today in Brussels for an extraordinary meeting during which they will discuss the visa liberalisation with Ukraine, Georgia, Turkey and Kosovo. Another issue will be the very poor implementation of the relocation mechanism. The proposal for a common guard of the borders will also be discussed
20 May 2016 08:17
Adelina Marini #Avramopoulos: #Turkey has provided enough guarantees about the security of #Syrian and non-Syrian refugees
20 May 2016 14:39
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