November 30, 2011
Given its scope in determining the application of Germany’s Constitution (Basic Law), the country’s Karlsruhe-based Constitutional Court (Bundesverfassungsgericht) has emerged as a vital, if low-key, player in the eurozone crisis. We have frequently c…
Posted by Open Europe blog team
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accountability, democracy, EFSF, eurozone. bail-out, German Constitutional Court |
The ECB yesterday failed to fully sterilise its purchases of government bonds under the Securities Markets Programme (SMP).A quick recap – the sterilisation is designed to remove the same amount of liquidity from the financial system as the ECB introdu…
Posted by Open Europe blog team
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ECB, emu, eurozone. euro, germany, QE, smp, sovereign debt, sovereignty |
As Italy’s funding crisis dominates talks among EU finance ministers in Brussels, we would like to draw your attention to a piece written by Claudio Borghi, commentator for Italian daily Il Giornale (owned by former Italian Prime Minister Silvio Berlus…
Posted by Open Europe blog team
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berlusconi, crisis, European Commission, eurozone, italy, Merkel, Sarkozy |
November 29, 2011
Over on the Spectator’s Coffee House blog, we look ahead to next week’s EU summit and suggest that David Cameron may have a stronger hand than he thinks. Here’s the piece:There’s just over a week to go until the crunch EU summit on 8-9 December, so Dav…
Posted by Open Europe blog team
November 28, 2011
More news from Germany this morning. Over the weekend, Europe-Union Deutschland (EUD) – a German EU federalist pressure group which argues for more EU integration – handed out its yearly prizes: a ‘Europe Lily’ for outstanding achievements in European …
Posted by Open Europe blog team
What, exactly, does Germany want from EU Treaty change to enforce budget discipline in the eurozone? Even if one speaks to diplomats and ministers with a front row seat on this issue, a straight answer is hard to come by – which is partly due to the …
Posted by Open Europe blog team
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britain in europe, Cameron, France, franco-german axis, germany, Merkel, Sarkozy, treaty change |
November 25, 2011
At Open Europe, Friday afternoons, for some random reason, is German polling time (see here). This afternoon, we have good news for German Chancellor Angela Merkel: her tough approach in handling the eurocrisis is apparently paying off back home.A pol…
Posted by Open Europe blog team
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crisis, emu, euro, eurozone. bail-out, finance, germany, poll |
Following the Commission’s ‘Stability Bonds’ proposal on Wednesday (see our previous post here so the title makes more sense) and ahead of an upcoming paper presenting our more in depth examination of the potential for eurobonds, we’d though it would b…
Posted by Open Europe blog team
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emu, euro, eurobonds, European Commission, eurozone. bail-out, germany, sovereign debt, sovereignty |
November 24, 2011
Over on Conservative Home, we take a look at the alleged deal between Angela Merkel and David Cameron (with emphasis on alleged). We argue:It has become clear, over the past few months, that German Chancellor Angela Merkel wants to reopen the EU Trea…
Posted by Open Europe blog team
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britain in europe, Cameron, EU reform, financial regulation, Merkel, working time directive |
November 23, 2011
As we argued in a recent papers which looked at the short term options for the eurozone, the option of risk pooling via Eurobonds, or the option of allowing the ECB to become the lender of last resort, both pretty much come down to German taxpayers und…
Posted by Open Europe blog team
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