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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.

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 ...

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 ...

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 ...

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 ...

 
free talk corner
Adelina Marini
#Italicum Jeroen Dijsselbloem: Given the political situation in #Italy at the moment, it's impossible to ask anything from the Italian government. It's true that Italy needs to undertake some significant measures
5 December 2016 14:32
Adelina Marini
The regular monetary dialogue w/ #ECB chief Mario #Draghi is beginning in the EP economic committee. Stay tuned for live updates
28 November 2016 15:06
Adelina Marini #Draghi: Low interest rates are an incentive for reforms
28 November 2016 16:49
Adelina Marini
Today, too, there will be no press review because the European Commission will present the #enlargement package. Most impatiently is awaited the report on #Turkey but also on #Serbia, Montenegro and Macedonia where the situation is very serious geopolitically and internally. For sure, the reports on Bosnia and Herzegovina are also to look forward to. Probably the only "boring" report will be on Albania. The presentation begins in a few minutes. Stay tuned for live updates!
9 November 2016 11:13
Adelina Marini #enlargement #Hahn: On #Turkey, I understand your criticism. At the foreign affairs ministers meeting next week there will be a declaration and a clear position on that. Undoubtedly, Turkey, under this government, is distancing from Europe
9 November 2016 12:30
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