December 9, 2014
Open Europe’s Raoul Ruparel asks this question over on his Forbes blog, concluding it was probably the correct political choice but that plenty of risks remain in the process. Full post below: The news out of Greece has been improving slightly in the p…
Posted by Open Europe blog team
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bailout, extension, Greece, Greek bailout, greek elections, Samaras |
Update 11.50 30/10/14:Reuters is reporting that an EU spokesperson has said a deal is “very close” and talks will continue today, as we note below. As we also say below, a deal is still doable and likely, the question remains whether any form of EU pay…
Posted by Open Europe blog team
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bailout, EU-Russia relations, gas, gas imports, gas supply, gas talks, imf, russia, sanctions, transit, Ukraine |
September 13, 2013
Back in the spring, we looked at who might be next in the line of eurozone bailout requests. It’s now looking increasingly likely that one of our predictions, Portugal, will require some form of further assistance to fully exit its current bailout. Now…
Posted by Open Europe blog team
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austerity, bailout, bank capital, bank recapitalisation, banking sector, Financial Services, slovenia |
July 24, 2013
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
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AFD, bailout, bernd lucke, ECB, emu, eurozone, eurozone exit, german elections, germany, interview |
As we noted last week on CNBC, a deal was always likely this time round in Greece:”We’ve got German elections coming up in September and no one wants to have that talk of how we’re going to fund Greece for the next three or four years. So they just wan…
Posted by Open Europe blog team
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austerity, bailout, ECB, eurogroup, eurozone, Greece, labour market reform |
June 27, 2013
As we reported last month, the outflow of Cypriot deposits has continued apace despite the continuation of capital controls (even once the impact of the bank restructuring is stripped out the outflows have totalled around €3bn for each of the last tw…
Posted by Open Europe blog team
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bailout, bank of cyprus, Cyprus, depositors, deposits, eurozone |
As we reported last week in our press summary and which the FT is today reporting on (and presenting as a bit of a scoop), Cypriot President Nicos Anastasiades has sent a scathing letter to the EU/IMF/ECB Troika slamming the terms of the Cypriot bail-o…
Posted by Open Europe blog team
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bailout, bank of cyprus, Cyprus, EU-IMF memorandum, eurozone, imf, laiki, troika |
June 14, 2013
The FT has just posted an interesting and lengthy interview with outgoing Bank of England Governor Mervyn King (pictured), conducted by the FT’s Martin Wolf. Many pressing topics are covered but the short discussion about the eurozone caught our eye …
Posted by Open Europe blog team
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bailout, competitiveness, eurozone crisis, eurozone exit, fiscal union, inflation, solution |
May 30, 2013
Update 31/05/13 09:40: As we noted below, it seems that the figures do include some of the write-downs of deposits under the bank restructuring (but not all). Apologies for the confusion. As the Central Bank of Cyprus notes the initial write down for B…
Posted by Open Europe blog team
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bailout, banking sector, Cyprus, depositors, deposits, ECB, economic growth, ELA, eurozone crisis |
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
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anti-austerity, approval, bailout, central bank, cypriot parliament, Cyprus, EU reform, eurozone bailouts, eurozone crisis, troika |
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