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Eurozone finance ministers finally reached a compromise yesterday which will allow the ESM, the eurozonebailout fund, to directly recapitalise ailing banks. This is likely to be an important element of any ‘solution’ to the eurozone crisis, especia…

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New Italian PM Enrico Letta paid his first official visit to Germany yesterday, only hours after delivering his inaugural address to the Italian parliament. Much has been made of his strong ‘pro-European’ yet ‘anti austerity’ stance – so how would this…

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On Thursday, the German Bundestag is expected to vote on the Cypriot bailout. The package is likely to be approved with a clear majority – the opposition SPD and Greens will mostly back it. In addition, the symbolically hugely important “chancellor’s m…

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One of the many sub-stories of the Italian election is how it calls into question the ECB’s bond-buying programme – the Outright Monetary Transactions (OMT). Not so much because of the ECB’s ability to expand its balance sheet and stand behind Italy an…

Posted by Open Europe blog team