April 23, 2014
There was an interesting poll in today’s FAZ conducted by INSA for Bild on whether Germans believe that eurozone crisis is over or not.The results were pretty comprehensive with 81% saying that they do not believe the crisis is over compared to 7% wh…
Posted by Open Europe blog team
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crisis, deficit, eurostat, eurozone, germany, sovereign debt |
March 5, 2014
The European Commission has today published its in-depth review of EU member states’ macroeconomic imbalances. The European Commission’s full memo is here.This is the follow-up to the report which caused quite a stir back in November, as pressure from …
Posted by Open Europe blog team
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alert mechanism, current account, deficit, European Commission, germany, imbalances, italy, macroeconomic, Spain, surplus |
November 22, 2013
German coalition talks are dragging on, but we may have got a hint as to what a grand bargain between the eurozone north and south might look like, with German Chancellor Angela Merkel again appearing to open up for an EU Treaty cha…
Posted by Open Europe blog team
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deficit, Dijsselbloem, EU treaty change, European Commission, Eurozone grand bargain, Lisbon Treaty, Merkel, reform contracts, structural reform |
April 30, 2013
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
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angela merkel, anti-austerity, austerity, berlusconi, crisis, deficit, enrico letta, eurozone, fiscal discipline, italy, letta agenda, tax |
April 18, 2013
It’s been a busy week for the IMF, releasing their latest iterations of the World Economic Outlook, Global Financial Stability Report and the Fiscal Monitor. We’ve been poring over the reports and will continue to do so (see here for some initial t…
Posted by Open Europe blog team
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deficit, economic data, eurozone, fiscal discipline, growth, imf, sovereign debt, Spain, weo |
Last July, we put together this ‘traffic light table’ of Spanish regions, based on how much each region had to cut its deficit by in order to meet the 2012 overall target of 1.5% of GDP (click to enlarge): The official deficit figures for Spanish regio…
Posted by Open Europe blog team
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bailout, deficit, eurozone, eurozone crisis, Excessive Deficit Procedure, sovereign debt, Spain, spanish regions |
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
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austerity, deficit, Excessive Deficit Procedure, France, germany, Hollande, Merkel |
January 22, 2013
We haven’t blogged on Spain for a bit, but a couple of interesting developments have caught our attention today. Spain will presumably disclose its final deficit figure for 2012 shortly, and everything seems to suggest that Madrid will let its eurozone…
Posted by Open Europe blog team
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catalonia, deficit, ECB, eurozone, OMT, Rajoy, Spain, Spanish bank bailout, spanish regions |
November 2, 2012
This week saw the release of the Greek budget plan for 2013-2016 and it did not make for happy reading. The English version is yet to be released but below we reproduce some of the key facts and figures from the Greek report. The table below essentiall…
Posted by Open Europe blog team
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deficit, ECB, esm, EU-IMF memorandum, eurozone, eurozone crisis, Greece, grexit, growth, imf, sovereign debt |
March 21, 2012
Amongst all the hustle and bustle of the budget, there’s always the interesting side-story of how much, exactly, UK taxpayers contributed to the EU.Combing through the latest figures released by the OBR today (yes, we’re talking the very fine print, wh…
Posted by Open Europe blog team
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