News in earlier today, Spanish Prime Minister José Luis Rodríguez Zapatero has finally set a date for national elections – 20 November. Parliament will be dissolved on 26 September. As expected, Zapatero will step down and make way for a new socialis…
Posted by Open Europe blog team
Another day, another ludicrous headline for the ECB. The latest story doing the rounds is that famed footballer Cristiano Ronaldo could essentially be put up as collateral with the ECB in exchange for liquidity. It’s currently been covered by PressEu…
Posted by Open Europe blog team
July 28, 2011
Conservative Home has launched a “growth manifesto” with contributions from a number of UK thank-tanks with the aim of providing ideas for how to return Britain to growth (“Here you go George; A Growth Manifesto from London’s think tanks”, is how the p…
Posted by Open Europe blog team
|
EU reform, eurozone, growth, mervyn king, Osborne, sovereign debt |
July 26, 2011
We’ve been wondering, as many others have, whether the 90% participation rate for private sector involvement in the second Greek bailout is actually realistic or not. FT Alphaville highlighted the confusion over which institutions have so far agreed …
Posted by Open Europe blog team
|
banking sector, emu, eu, euro, eurozone. bail-out, Greece, restructuring |
July 25, 2011
An interesting side note to the second Greek bailout deal is that it may in fact have killed off the credit default swaps (CDS) market, or at least kick-started its demise. The reason for this is simple: the deal undermines confidence in the belief tha…
Posted by Open Europe blog team
|
credit rating, default, emu, eu, eurozone. bail-out, Greece, ISDA, sovereign debt |
A version of this aritcle appeared in the Sunday Telegraph:Eurozone leaders took some decisive action this week to save their currency. But while the deal agreed at an EU summit on Thursday looks decent on paper, it rests on some heroic assumptions. Mo…
Posted by Open Europe blog team
July 23, 2011
A small dispute erupted yesterday between the Netherlands and the European Commission. The point of contention was the actual size of the second Greek bailout.According to Elsevier, a spokesman for Dutch PM Mark Rutte claimed that the bailout amounts t…
Posted by Open Europe blog team
July 22, 2011
At least for the moment, it looks like Greece and the eurozone have taken a step back from the brink. Markets initially reacted well to the outcome of a summit, although this early optimism seems to be fading. Once again, the Franco-German axis played …
Posted by Open Europe blog team
|
euro, eurozone, eurozone. bail-out, France, franco-german axis, germany, Greece |
On 4 July 2011, a well-known European passed away.Otto von Habsburg, the oldest son of Austria’s last Emperor and the last Crown Prince of Austria-Hungary was praised by European Commission President José Manuel Barroso as “a great European” which “ha…
Posted by Open Europe blog team
July 21, 2011
The Telegraph has got its hands on a copy of the draft EU summit proposals, so here are some of our initial thoughts (not too many new details in them to be honest but gives a base to work from).On second Greek bailout:3. We have decided to lengthen th…
Posted by Open Europe blog team
Open Europe is an independent think tank contributing bold new thinking to the debate about the direction of the EU.
