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Archives for austerity

Shocker in Italy: A comedian-cum-politician wins twice as many seats as the ‘Brussels candidate’

February 26, 2013

So we now have a pretty good idea of the election results in Italy. And there are two victims: eurozone stability and Mario Monti.The winner: comedian-cum-politician Beppe Grillo. We knew from earlier today that there would be a hung Senate, mean…

Posted by Open Europe blog team

austerity, Beppe Grillo, berlusconi, democracy, eurozone, italy, monti, uncertainty

The French Court of Auditors publishes its annual report: Little good news for Hollande

February 12, 2013

The French Court of Auditors has published its annual report this morning. It is an absolutely massive document, but we have dug out a few interesting findings and recommendations – many of which do not exactly make for happy reading for French Preside…

Posted by Open Europe blog team

austerity, deficit, Excessive Deficit Procedure, France, germany, Hollande, Merkel

Silvio’s new(ish) electoral pledge: Renegotiate the fiscal treaty

January 10, 2013

Silvio Berlusconi yesterday stepped up his anti-austerity rhetoric another notch. During a quite heated exchange with Italian journalist Maurizio Belpietro on public broadcaster Rai Uno, Berlusconi made a new(ish) electoral pledge: renegotiate the Euro…

Posted by Open Europe blog team

austerity, berlusconi, European Commission, fiscal treaty, germany, Hollande, Italian elections, Merkel, monti

EU awarded its second Nobel Prize of the year

November 15, 2012

Yesterday, a delegation headed by Bernadette Ségol, Secretary General of the European Trade Union Confederation (ETUC), delivered a ‘Nobel Prize for Austerity’ to the EU – a boomerang with ‘Austerity will come back in your face’ written on i…

Posted by Open Europe blog team

austerity, EU Nobel Peace Prize 2012, European Commission, Greece, italy, Portugal, protests, Spain, strikes

EU budget talks are heating up (and Brussels isn’t doing itself any favours)

October 23, 2012

EU budget talks are heating up, with member states still unable to agree on the size of the next long-term budget, to run between 2014 and 2020.EU leaders will try to settle differences at a summit on 22 and 22 November. As things currently stand, a de…

Posted by Open Europe blog team

austerity, commission, david cameron, EU budget, european parliament, MEPs, MFF, own goal

What keeps the folks in Brussels and Berlin awake at night?

September 28, 2012

Possibly this graph – from our new report on the internal devaluation needed in the PIIGS for the euro to remain intact. Source: EurobarometerIt shows how trust in the EU amongst voters in the PIIGS has on average fallen from 55% in 2001 to 25% …

Posted by Open Europe blog team

austerity, democracy, eurobarometer, internal devaluation, PIIGS, public opinion, trust in the EU

Initial thoughts on Spain’s latest austerity budget

September 27, 2012

We’re still waiting for the full breakdown and figures behind the Spanish budget (which we will analyse and post in due course) but in the meantime here are our initial thoughts:The decision to tap the pension/social security reserve fund for €3bn …

Posted by Open Europe blog team

austerity, budget, budgetary discipline, eurozone, eurozone crisis, pensions, Spain, Spanish bailout, spending, tax

A German euro exit ‘not science fiction’ for Il Cavaliere

September 25, 2012

The Huffington Post has decided to go for a lengthy interview with Italy’s former Prime Minister Silvio Berlusconi for the launch of its Italian edition. Il Cavaliere sticks to his form on the euro, firing a salvo at Mario Monti (the Italian elections …

Posted by Open Europe blog team

austerity, berlusconi, eurozone, fiscal treaty, germany, italy

ECB’s own budgetary discipline not inspiring confidence

September 20, 2012

With budgetary discipline the only game in town in the eurozone, it must have been a bit of an awkward moment at the ECB when they realised that the bank’s new Frankfurt headquarters (pictured), currently under construction and due to be completed in 2…

Posted by Open Europe blog team

austerity, budgetary discipline, ECB, OMT

Anti-austerity inside the eurozone: Greek voters stick to their potentially false choice

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

austerity, democracy, eurozone, France, germany, Greece, italy, New Democracy, Pasok, public opinion, sovereign debt, SYRIZA, tax evasion

Archives for austerity

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