May 31, 2012
What’s the best way to stop a bank run? Well, ask Bankia. According to Spanish business daily Cinco Días, The Spanish bank – which is set for a multi-billion state bailout – has launched an initiative called “The amazing Spiderman”.The plan is to conv…
Posted by Open Europe blog team
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Bankia, eurozone, eurozone crisis, eurozone. bail-out, Rajoy, Spain |
In today’s City AM, we argue:Beyond the troubled banking sector, there is another potential problem on the Spanish horizon that could be instrumental in how the euro crisis develops: the central government’s relationship with the 17 Spanish regions, …
Posted by Open Europe blog team
May 29, 2012
Things are looking sticky in Spain.Firstly, the Spanish government announced a bail out of Bankia to the tune of €19bn in addition to the €4.5bn already put in – and is currently looking at the least painful way of getting cash to the bank. The pl…
Posted by Open Europe blog team
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bailout, bank capital, Bankia, catalonia, cost of borrowing, EFSF, germany, Rajoy, Spain, spanish banks, spanish regions |
UK Justice Secretary Ken Clarke has just been on the BBC’s Today Programme, taking a major swipe at those calling for an in/out referendum. Asked if he accepted that voters were deeply eurosceptic, he said “The nation is a bit eurosceptic” (no kiddin’)…
Posted by Open Europe blog team
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britain in europe, customs union, EU reform, ken clarke, referendum, Trade policy |
May 28, 2012
Some interesting opinion polls from the heart of the eurozone from the last couple of days:In Greece, a series of polls shows momentum ahead of the country’s re-run election next month shifting slightly from the radical left anti-bailout and austerit…
Posted by Open Europe blog team
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eurobonds, eurozone crisis, eurozone. bail-out, germany, Greece, Greek bailout, New Democracy, public opinion, SYRIZA |
May 25, 2012
The key trend in Greek opinion polls holds steady: voters back anti-austerity parties in great numbers but remain committed to staying in the euro in equally great numbers. The latest Public Issue poll released yesterday put the radical left Syri…
Posted by Open Europe blog team
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austerity, democracy, eurozone, France, germany, Greece, italy, New Democracy, Pasok, public opinion, sovereign debt, SYRIZA, tax evasion |
May 24, 2012
Update 1.45: It looks like Trittin has performed one of the fastest and sharpest u-turns of recent times, as he is quoted by Reuters earlier today as saying: “Merkel should stop blocking eurobonds” and suggested it could be a condition for his par…
Posted by Open Europe blog team
Very little came out of yesterday’s informal EU summit, but here’s what EU leaders had for dinner (courtesy of La Stampa’s Brussels correspondent Marco Zatterin):Lobster with asparagusFillet of John Dory (aka St Peter’s Fish) with vegetablesChocolate m…
Posted by Open Europe blog team
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crisis, EU summit, eurozone, eurozone crisis, France, germany, Herman Van Rompuy |
Angela Merkel has grounds to be glumMost recent headlines concerning opposition to Merkel’s eurozone policies have focused on the anti-austerity positions of Hollande and his supporters, and at the more dramatic end, Tsipras and the radical Greek opp…
Posted by Open Europe blog team
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democracy, esm, eurozone crisis, eurozone. bail-out, germany, Merkel, taxpayers |
The ‘growth dinner’ of EU leaders is about to start. No big decisions are expected (this is a meeting of EU leaders after all) but here’s an overview of where the different big countries are at:GermanyBerlin remains fiercely opposed to Eurobonds,…
Posted by Open Europe blog team
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austria, britain in europe, EU leaders, EU summit, eurobonds, franco-german axis, FTT, germany, italy, Spain, UK; |
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