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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.

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 ...

17 June 2016 19:48 EC Needs To Understand All Members Are Equal to the Pacts

The hearing of Dutch Finance Minister Jeroen Dijsselbloem in the EP’s economic committee on Tuesday was planned to be smooth and boring. The purpose of the hearing was for the minister to give an account about what has been accomplished by the Dutch rotating presidency during the six- ...

7 June 2016 20:13 Is the Euro Area Ready to Handle a Brexit?

The euro area is recovering slowly, but surely. So surely, that Economic and Monetary Policy Commissioner Pierre Moscovici (France, Socialists and Democrats) definitively announced the end of austerianism in favour of a looser fiscal policy. Supporting his call, the European Commission abdicated ...

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 ...

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 ...

12 June 2016 19:31 Is the End of the Greek Saga Near?

Have we committed to history the emergency meetings of the Eurogroup, or even the European Council, dedicated to solving the next Greek case – will it have enough money to pay wages and pensions, will it remain in the euro area, will it draw another loan, will it pay back the previous ones ...

30 May 2016 10:41 EC: Now Is Not the Time To Follow Rules

The crisis is officially over, budget policy no longer matters, rules do not matter during election time. Those are the messages from this year’s European semester, the culmination of which was the presentation of the country-specific recommendations on May 18th. At that time, th ...

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 ...

 
free talk corner
Adelina Marini
The Council of the EU has tasked the Commission to submit an opinion on #Bosnia and Herzegovina's application for EU membership. This is a sort of consent the European integration process of #BiH to deepen. This consent, however, comes with a condition. In their conclusions, the ministers ask the Commission to pay special attention on the implementation of the ruling on the Sejdic-Finci case. This was the first pre-condition for the continuation of BiH's integration process before the change of approach. In the conclusions, there's no single word about the upcoming referendum in the Republika Sprska this Sunday. You can read the full text of the conclusions here euinsi.de/xBR9
20 September 2016 12:34
Adelina Marini
#euco Good day from #Bratislava! The sirens and the blocked city centre this morning created a sense of Brussels. The leaders of the EU member states (without UK) have gathered in the Slovak capital city to try to find a solution to the pile of pressing issues. The drama is that some leaders want an entirely new vision for the EU whereas others insist the summit to deal only with specific issues like security, migration and the creation of a defense union. The 27 are expected to tell each other honestly everything they were so far silent about for various reasons. To some, Brexit was the final drop, to others - it's the stubborn behaviour of leaders with illiberal views. The organisers' plan is the summit to draw a 6-month plan for restoration of the sense of unity. So, prepare for a long summit which might not end so optimistically as President Donald Tusk wanted before its start
16 September 2016 11:24
Adelina Marini #BratislavaSummit Tusk: Bulgaria is a good example of the change of our approach. This means that all member states are ready to support Bulgaria for the effective control of the border with Turkey
16 September 2016 20:11
Adelina Marini
#Montenegro PM Milo Djukanovic is appearing for a hearing in the European Parliament's foreign affairs committee. Stay tuned for live updates or watch the debate live here euinsi.de/4t7D
15 September 2016 08:09
Adelina Marini #Montenegro Djukanovic: I agree that the Thessaloniki agenda is not being applied seriously but we have to note that the process is still alive
15 September 2016 09:10
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