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Cypriot parliament narrowly approves bailout deal but plenty of hurdles yet to overcome

April 30, 2013

The Cypriot parliament has officially approved the bailout deal that the government agreed with its eurozone partners and the IMF. (See here for our previous thoughts on the deal).A rejection of the deal would probably have led to a Cypriot exit from t…

Posted by Open Europe blog team

anti-austerity, approval, bailout, central bank, cypriot parliament, Cyprus, EU reform, eurozone bailouts, eurozone crisis, troika

Italian PM launches opening salvo against austerity – but where will the cash come from?

The new Italian Prime Minister Enrico Letta announced his first raft of policies in his first speech to the Italian parliament yesterday. The speech was strong on anti-austerity rhetoric but short on details of how his new approach would be funded – il…

Posted by Open Europe blog team

angela merkel, anti-austerity, austerity, berlusconi, crisis, deficit, enrico letta, eurozone, fiscal discipline, italy, letta agenda, tax

Quango unchained: The EU’s subculture you’ve probably never heard of (but that thinks it embodies your expectations)

April 25, 2013

EU ‘grassroots’ engagementBeyond the spotlight of high-profile crisis meetings of EU leaders exists a very different community. A group that can almost be likened to a sub-culture. They meet in over-sized buildings in Brussels or at conferences and hot…

Posted by Open Europe blog team

brussels, bureaucracy, civil society, EESC, EU quangos, weird uptight federalist stuff

Conflict of interest (rates): clamour for ECB rate cut grows but Germany remains wary

The last few days have seen a shifting of consensus in the ECB rate cuts debate.Recent economic data in the eurozone has been particularly bad, with private sector activity slowing more than expected. However, potentially more importantly, this effect …

Posted by Open Europe blog team

asmussen, ECB, ECB balance sheet, ECB Governing Council, ecb rate cut, eurozone, franco-german axis, interbank market, interest rates, Merkel, monetary policy, one-size-fits-all monetary policy

When ideology meets economic reality (Part II): Bundesbank says EU financial transaction tax could make banks more reliant on cheap ECB money

April 24, 2013

As was made evident by the internal memo about the EU financial transaction tax (FTT) – that we exclusively published yesterday – there are plenty of concerns amongst the supposed champions of the idea. Today, another heavyweight institution raised the…

Posted by Open Europe blog team

bundesbank, ECB, ECB balance sheet, eurozone, financial markets, financial regulation, financial transaction tax, FTT, germany, interbank market, monetary policy, weidmann

Open Europe Blog

Open Europe is an independent think tank contributing bold new thinking to the debate about the direction of the EU.


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