Open Europe Blog

Archives for emu. bail-out

Solving the problem should undoubtedly be the priority now, but looking at how Portugal got into this mess might help to formulate a solution.Clearly there were many factors which helped to precipitate the current crisis, including numerous domestic po…

Posted by Open Europe blog team

Eurozone leaders seem intent on making their crisis resolution as messy as possible. According to draft summit conclusions, seen by Reuters, the decision on how the EFSF will increase its lending effective lending capacity to €440bn will be delayed u…

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Is EMU a new Rouble zone?

An interesting fact revealed by the Irish Independent has gone almost unnoticed.The newspaper reported this less than two weeks ago:The Irish Independent learnt last night that the Central Bank of Ireland is financing €51bn of an emergency loan progr…

Posted by Open Europe blog team