October 31, 2011
Interesting developments coming out of Greece this evening, as Greek Prime Minister George Papandreou has called a referendum on the latest Greek bailout and austerity package. Speaking to the Greek parliament he said:“The command of the Greek people…
Posted by Open Europe blog team
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emu, eu, euro, eurozone. bail-out, Greece, referendum, sovereign debt, sovereignty |
October 29, 2011
Straight from his Coulisses de Bruxelles blog, this is how French journalist Jean Quatremer imagines Europe’s future following the latest series of meetings of EU leaders. Here we offer a translation of the most thought-provoking points – the full vers…
Posted by Open Europe blog team
October 28, 2011
In today’s City AM we assess the latest attempt by eurozone leaders to come up with a credible second Greek bailout package which involves a substantial contribution from the private sector. Unfortunately, despite the headlines looking good, eurozone l…
Posted by Open Europe blog team
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banking sector, eu, eurozone. bail-out, Greece, imf, restructuring, sovereign debt, sovereignty |
October 27, 2011
So, another summit passed and another chance to assess the agreements in the cold light of day. Unsurprisingly, we’re not too enthusiastic over the deal which has been struck, not least because it doesn’t seem to have changed much from the drafts w…
Posted by Open Europe blog team
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ECB, eu, euro, eurozone. bail-out, imf, sovereign debt, sovereignty, summit |
Former British PM John Major has a very interesting piece in today’s FT.For the UK, these paragraphs are instructive:”A more integrated eurozone will also provoke non-euro members of the EU by driving them further away from core decision-making. They …
Posted by Open Europe blog team
October 26, 2011
We’ve had a quick look at Berlusconi’s already (in)famous letter to EU leaders, setting out the type of reforms the Italian government plans to introduce.Following a swift translation, here are the key points:The Italian parliament (in a first reading)…
Posted by Open Europe blog team
The hope for a “comprehensive plan” to save the eurozone, as originally touted by the eurozone leaders, looks to be a lost cause. The best outcome we can hope for today looks to be a broad political agreement, with technical details left to be sort…
Posted by Open Europe blog team
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banking regulation, banking sector, ECB, EFSF, eu, euro, eurozone. bail-out, germany, italy, Spain, summit |
October 25, 2011
As you are undoubtedly aware by now, last night 79 Conservative MPs defied a three line whip to vote for a referendum on the EU. There have been Tory euro rebellions before, and no doubt there will be again – but this one was different. Not only did …
Posted by Open Europe blog team
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Conservative Europe policy, referendum, repatriation of powers |
Stories about Chinese involvement in the eurozone rescue are hardly new, after all China’s sovereign wealth fund, the China Investment Corporation has got over $400 billion in assets to invest, and the eurozone is in desperate need of fresh capital. …
Posted by Open Europe blog team
A quick update on the situation in Italy:At yesterday’s emergency cabinet meeting, Italian Prime Minister Silvio Berlusconi failed to convince Umberto Bossi, leader of junior coalition party Lega Nord, to back his plans to raise retirement age to 67;Ac…
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.
