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 |
April 13, 2012
A heavy going blog post for a Friday afternoon, but you can digest it over the weekend (lucky you!). One of the key themes we highlighted in our recent briefing, comment pieces and general coverage on Spain is the importance of the sovereign banking lo…
Posted by Open Europe blog team
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bank capital, banking sector, emu. bail-out, esm, eurozone, eurozone crisis, finance, sovereign debt, Spain, state aid |
February 9, 2012
Update 10 February, 9:45 amGreece’s letter of intent (29 pages including the annexes) with all the envisaged austerity measures is available hereAfter countless missed deadlines, numerous strikes and some very exasperated European officials it seems th…
Posted by Open Europe blog team
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Draghi, ECB, emu. bail-out, eurozone, Greece, restructuring, sovereign debt, sovereignty |
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 |
December 9, 2011
At least that was how it was being seen beforehand. Unfortunately, in the aftermath it seems to have fallen short of expectations (although admittedly the dust is yet to fully settle). Nevertheless, it was an interesting summit, especially for the UK. …
Posted by Open Europe blog team
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Cameron, emu. bail-out, esm, EU summit, eu treaty, eurozone, finance, imf, treaty change |
November 9, 2011
Things have gotten very bad, very quickly for Italy this morning. Italy’s 10 year borrowing costs opened at 6.8%, already very high but many expected some quick ECB bond buying to help bring it down substantially. However, with the ECB nowhere in sig…
Posted by Open Europe blog team
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berlusconi, crisis, emu. bail-out, eu, eurozone. euro, finance, italy, sovereign debt, sovereignty |
November 8, 2011
Update 15:50 – The vote on the 2010 budget review in the lower house of the Italian parliament has just taken place. As expected, the review was passed because opposition MPs abstained. However, the ‘yes’ votes were only 308, meaning that Berlusconi ha…
Posted by Open Europe blog team
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banking sector, crisis, emu. bail-out, eu, eurozone, imf, italy, sovereign debt, sovereignty |
November 3, 2011
We’ll be updating this blog throughout the day with details on the state of the Greek government and the Greek Prime Minister given recent rumours about a change in both. We’ll also cover the dwindling prospects of the Greek referendum ever being h…
Posted by Open Europe blog team
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crisis, emu. bail-out, eu, eurozone, general election, Greece, sovereign debt, sovereignty |
October 19, 2011
The window of opportunity for stabilising, or even saving, the eurozone is closing quickly. As EU leaders gear up for a series of key meetings this week, Open Europe has published a new briefing looking at the short-term options available to the eurozo…
Posted by Open Europe blog team
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EFSF, emu. bail-out, eu, eurozone, imf, sovereign debt, sovereignty |
September 1, 2011
This Greco-Finnish collateral deal is turning out to be quite the thorn in the side of eurozone leaders. As with all such problems, it has begun to attract all manners of solutions. One of the more interesting and outlandish ones was covered by Handel…
Posted by Open Europe blog team
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banking sector, EFSF, emu. bail-out, eu, eurozone, finland, Greece, Klaus Regling, sovereign debt |
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