July 2013 – Open Europe Blog

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Is Cyprus eyeing up an exit from its capital controls?

July 30, 2013

As expected the Cypriot government has finally reached a deal with the EU/IMF/ECB Troika over the final stage of the restructuring of the Bank of Cyprus (BoC).As we noted in today’s press summary this was not an easy decision to reach, and has dragge…

Posted by Open Europe blog team

bank capital, bank of cyprus, capital controls, capital requirements, Cyprus, depositors, deposits, dispute, haircut, troika

Q&A: All you need to know about Berlusconi’s tax fraud trial and its potential implications for the Italian government

UPDATE (19:20): Supreme Court prosecutor Antonio Mura has just requested that Berlusconi’s public office ban be cut to three years. The four-year prison sentence should be upheld, he said.A very interesting development, although the Supreme Court would…

Posted by Open Europe blog team

berlusconi, eurozone crisis, Italian economy, Italian elections, italy, Mediaset trial, Ruby

A shift towards greater transparency at the ECB?

July 29, 2013

As we reported in today’s press summary, there has been an interesting development in the push for greater transparency at the ECB.In a joint interview with Süddeutsche Zeitung and Le Figaro, Benoît Cœuré (BC) and Jörg Asmussen (JA), ECB Executi…

Posted by Open Europe blog team

asmussen, bundesbank, Draghi, ECB, ECB Governing Council, ecb rate cut

China’s divide and conquer approach looks to be paying off in deal on solar panel dispute

China and the EU have finally reached a deal to settle their trade dispute over solar panels, which has lasted for almost an entire year and has escalated significantly over the past few months. In the end it seems that China’s divide and conquer app…

Posted by Open Europe blog team

china, de Gucht, EU-China trade dispute, solar, solar panel, tariffs, telecommunications, trade dispute, trade war, wine

Hungarian government accuses EU Commissioner of being "extremely ignorant or lying"

July 26, 2013

EU Justice Commissioner Viviane Reding has been mentioned as the potential nominee of the European People’s Party for the post of Commission President when Jose Manuel Barroso steps down next year (of course, gaining the approval of EU leaders is anoth…

Posted by Open Europe blog team

European arrest warrant, Hungary, rows, Viviane Reding

Cypriot deposit leakage continued in June

July 25, 2013

The latest Cypriot deposit statistics seem to be out and there are some strange goings on.We say seem to be, since there has been no press release but the July data release (which corresponds to June data) is up on the website in the usual place.As the…

Posted by Open Europe blog team

bank of cyprus, central bank, Cyprus, deposit levy, depositors, deposits, laiki

Let’s have a look beyond the (rather encouraging) headline figures on Spanish unemployment

The Spanish National Statistics Institute (INE) has this morning published its latest unemployment data. The headline figures look encouraging. In the second quarter of 2013, the number of unemployed people went down by 225,200 – and is now slightly be…

Posted by Open Europe blog team

austerity, economic growth, labour force, Spain, unemployment

Turning a corner in the eurozone? Not quite yet…

July 24, 2013

There has been a lot of chatter this morning about the eurozone recession coming to an end following the release of the latest Markit Purchasing Managers’ Index (PMI) – a set of indicators used to measure the economic health of the manufacturing and …

Posted by Open Europe blog team

consumer confidence, crisis, economic growth, eurozone, France, germany, markit, pmi

Debt problems in Europe extend beyond the headline figures

On Monday, Eurostat released its latest figures on public debt to GDP, which soared to a record of 92.2% in the eurozone in the first quarter of this year. Of all the eurozone members, only Germany and Estonia were able to reduce their debt levels in t…

Posted by Open Europe blog team

crisis, eurostat, eurozone, italy, pensions, sovereign debt

Open Europe Berlin interviews Prof. Bernd Lucke, leader of Germany’s anti-euro party AfD

Our German-based partner organisation Open Europe Berlin has published on its blog an exclusive interview with Professor Bernd Lucke – founder and leader of Germany’s new anti-euro party Alternative für Deutschland (AfD). We have translated some of th…

Posted by Open Europe blog team

AFD, bailout, bernd lucke, ECB, emu, eurozone, eurozone exit, german elections, germany, interview

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