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The Euro Area

26 May 2011 15:45 Between numbers and reality

The most debated news in Ireland last week, which managed to break through in media in spite of the historical visit of the British Queen, was a very worrying statement of the International Monetary Fund about Ireland's situation, accompanied for the first time by a warning to the entire Europe ...

24 March 2011 14:51 European Parliament backed the creation of ESM

On the eve of the European Council in Brussels the MEPs backed EU treaty changes needed to allow for the establishment of a permanent rescue fund for the euro area - the European Stability Mechanism (ESM). As it was agreed by the EU leaders on their meeting in December 2010, in Article 136 of th ...

21 March 2011 07:05 Hans im Glück vs. Clever Peter

I have never been a fan of national psychology theories, especially in their simplistic versions implying the "Germans are disciplined", "Bulgarians are cheap cheats" ,"Englishmen are snobs" and "Frenchmen are spoiled". I have always believed that modern society evolution should not be determine ...

14 March 2011 11:19 The eurozone informal Council - a weissbier for Ms Merkel

The leaders of the eurozone have agreed an important compromise regarding the rescue fund for the euro area, which will from now on be able to lend at a lower price and will be able to buy up government bonds at the primary market places. The leaders have also endorsed a Pact for the Euro, altho ...

7 March 2011 12:32 Europe from Helsinki against Europe from Athens

On the eve of the euro area summit on 11 March, the two major political families in the EU (the European People's Party, EPP and the Party of European Socialists, PES) held their own summits, with quite opposite final results. Of course, this is expected and understandable given the ideological ...

9 May 2011 18:12 Ireland will get a loan interest rate reduction without having to raise the corporate tax

Ireland will after all get a reduction of the interest rate of the bailout it got from the EU and the IMF, moreover without being forced to raise the corporate tax of 12.5%. This has been reported by the Sunday Times and the BBC, both quoting government sources. It is expected the European Commi ...

23 March 2011 08:24 Who will rescue the Eurozone rescue fund?

The EU financial ministers agreed on the creation of a European Stability Mechanism (ESM) to replace the temporary rescue fund for the euro area after 2013. Although certain parameters of the future safety net are clear, important details about its financing and functioning remain to be decided ...

16 March 2011 15:49 The debt crisis as a Brussels’ croissant

It is difficult to perceive the dept crisis as a towering tsunami while having breakfast of fresh croissants accompanied by 15 types of cheese and fragrant coffee. These were my thoughts while I was waiting for my next interlocutor to discuss the latest decisions of European politicians concerni ...

11 March 2011 07:12 Spain is the new big concern of the eurozone

On the eve of the eurozone summit Spain received a heavy blow to its already endangered image as the credit rating agency Moody's downgraded the country from Aa1 to Aa2. The reason is that, according to the agency, the cost of banking restructuring substantially exceeds the estimates of the gove ...

28 February 2011 14:34 Irish elections' results promise a renegotiation of the bailout loan's interest rate

Expectedly, Fine Gael won the Irish elections on 25 February, but failed to win an absolute majority in Parliament (the Dáil). At this stage of the vote counting, Fine Gael is having 70 seats (19 more than in the previous Parliament), the Labour Party - 36 (9 more seats), Fianna Fail - 18 (59 se ...

 
free talk corner
Adelina Marini
#MH17 #Catherine #Ashton: Today we decided to prepare the next stage of sanctions, including against entities
22 July 2014 17:19
Adelina Marini #MH17 Foreign Affairs Council conclusions on #Ukraine euinsi.de/ln4s
22 July 2014 17:35
Adelina Marini
#ECON Structural reforms should take place simultaneously across the EU member states, said @PierCarloPadoan, Italy's FinMin during a dialogue with the economic committee of the European Parliament. Currently he is presenting the priorities of the Italian presidency of the Council of the EU. One of the main pillars of the Italian programme for the next 6 months is structural reforms
22 July 2014 09:21
Adelina Marini #IT2014EU #Padoan: The euro area external representation is not among the Italian Presidency priorities but I will encourage a serious debate on how to achieve that
22 July 2014 10:56
Adelina Marini
#EUCO The odds are growing that #Italy's FM Federica Mogherini could be proposed to succeed Catherine #Ashton as EU's high representative for foreign and security policy. During the last EU summit when the heads of state nominated Jean-Claude Juncker as European Commission president, Italy's PM Matteo Renzi said he had no intention to nominate Mogherini because it was unrealistic to expect that Italy can get another top job since the ECB chief is an Italian (Mario Draghi) and Italy has just taken over the Council presidency. However, in the EU women are currently sought for the top jobs and nationality seems to be taking a back seat. Recently Renzi changed his position and decided to back his foreign minister. If she is to be approved, this will be another powerful post held by an Italian. In addition, we need to mention that an Italian is the chairman of the powerful economic committee of the European Parliament - Roberto Gualtieri. The heads of state will discuss the possible successors for Ashton and Herman Van Rompuy tonight at dinner. Stay tuned for live updates
16 July 2014 11:39
Adelina Marini #Italy's PM @matteorenzi is completely satisfied with Jean-Claude #Juncker's performance at last night's #euco euinsi.de/vVZb
17 July 2014 12:30
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