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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
#FAC The best aid #Russia can provide is to call back the terrorist leaders, to stop providing weapons and to de-escalate, said Lithuania's FM Linas Linkevicius before the beginning of the extraordinary meeting of the EU foreign ministers which will discuss the crises in Ukraine, Iraq and Gaza. Mr Linkevicius also said that the humanitarian convoy is being used to cover up escalation. It's very difficult to trust [Russia], he added
15 August 2014 11:46
Adelina Marini #FAC Federica #Mogherini: The actions of the #ISIS in #Iraq are a menace which can reach to the heart of Europe
15 August 2014 18:13
Adelina Marini
The #eurozone's economic motor, #Germany, has stalled in the second quarter of the year, AFP reported. According to the latest data of the German statistical office, the German gross domestic product shrank by 0.2% in the period April-June, following growth of 0.7% in the previous months. The reasons for the decline are weak exports and falling investments. This is a very bad news for the EU and the new European Commission. It shows unequivocally, especially after the data about Italy's return to recession recently, that the euro area crisis is returning. About the bad perspectives the monetary union is facing spoke last week ECB chief Matio Draghi, who said that one of the greatest risks is the geopolitical situation.
14 August 2014 11:05
Adelina Marini
The #EU is cautious in congratulating #Erdogan for being elected president of #Turkey. In a joint statement European Commission chief Jose Manuel Barroso and European Council President Herman Van Rompuy recall that Turkey is a partner of the EU, a candidate country negotiating for EU membership, an important trade partner and a foreign policy ally. The EU expects Erdogan to "maintain" the conciliatory tone and to try and encompass all the communities, beliefs, opinions and lifestyles in the Turkish society euinsi.de/JIt8
11 August 2014 10:35
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