March 24, 2013
Now, we’re not necessarily saying that Cyprus should leave the eurozone. But with eurozone finance ministers set for a pretty long and rough night of talks, trying to reach a compromise that will allow Cyprus to live another day inside the eurozone, th…
Posted by Open Europe blog team
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Article 50, Cyprus, default, ECB, eurozone, eurozone exit, treaty change |
In an op-ed yesterday’s Times, Mats Persson argued that:No matter how the nail-biting drama in Cyprus ends, the eurozone has never been this close to waving goodbye to a member. Yesterday afternoon the deputy leader of the ruling party claimed that hi…
Posted by Open Europe blog team
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Article 50, baailout, bail-ins, Cyprus, default, ECB, euro exot, ever closer union, treaty change |
Over the weekend, we published a new briefing looking at the implications and likelihood of a Greek exit from the euro. We argued that an imminent Greek exit isn’t inevitable, nor that it would solve Greece’s problems – though, if managed, leaving the …
Posted by Open Europe blog team
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default, devaluation, Greece, Greek euro exit, grexit, sovereign debt |
May 11, 2012
The Spanish government held a press conference this afternoon finally laying out its plans for dealing with its significantly troubled banking sector. As usual Spanish Prime Minister Mariano Rajoy dodged the limelight and left the unenviable task of pr…
Posted by Open Europe blog team
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bank capital, banking sector, default, ECB, emu. bail-out, eurozone, eurozone crisis, finance, Rajoy, Spain, stress tests |
March 7, 2012
The Greek Public Debt Management Agency put out an interesting press release (PR) yesterday. We won’t go over all of it, since it’s been heavily covered in the press, but it did raise one interesting point:“The Republic’s representative noted t…
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bail-out, CACs, crisis, default, eurozone, Greece, restructuring, sovereign debt, sovereignty |
Just a quick post on the developments at what must be seen as the most mundane (if not pointless) EU summit on eurozone issues for some time. Reports today suggest that the eurozone will withhold part of the bailout funds for Greece, only paying out th…
Posted by Open Europe blog team
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bail-out, banking sector, crisis, default, ECB, ELA, eurozone, Greece, restructuring |
February 16, 2012
We put out a briefing note today outlining the ten questions and issues that still need to be resolved in the coming weeks in order for Greece to avoid a full and disorderly default on March 20.The briefing argues that, realistically, only a few of the…
Posted by Open Europe blog team
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crisis, default, EFSF, emu, eu, eurozone. bail-out, germany, Greece, imf, restructuring |
February 13, 2012
It is estimated that 80,000 took to the streets of Athens yesterday to vent their anger at the latest round of bailout austerity. Another 20,000 reportedly protested in Thessaloniki.After days of talks, Greek MPs finally approved the latest round of me…
Posted by Open Europe blog team
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austerity, default, germany, Greece, Merkel, protest, schauble |
February 6, 2012
Greece is on a “knife edge”. That was how Greek Finance Minister Evangelos Venizelos put it on Saturday ahead of emergency talks between Greek political parties and the EU/IMF/ECB troika (with eurozone countries and private sector bondholders thrown in…
Posted by Open Europe blog team
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austerity, default, ECB, emu. bail-out, eurozone, germany, Greece, imf, sovereign debt, sovereignty |
January 27, 2012
In a blog post for the Telegraph, we argue,In his speech in Davos yesterday, David Cameron outlined some very sensible proposals for how to deal with Europe’s economic crisis. But, almost in passing, he also called for a eurozone “central bank tha…
Posted by Open Europe blog team
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britain in europe, david cameron, default, ECB, Greece, sovereign debt |
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