March 2, 2010
As the eurozone’s flaws and weaknesses continue to manifest themselves in the midst of the Greek crisis, the appetite for the euro in Europe’s far north is dminishing. In Denmark, the government has been forced to kick a referendum on the country joini…
Posted by Open Europe blog team
February 17, 2010
Interesting article from Economics Professor and heavyweight Martin Feldstein in the Financial Times this morning – suggesting a temporary vacation from the single currency might be a plausible solution to the Greek debt crisis.It’s one we haven’t hear…
Posted by Open Europe blog team
February 16, 2010
The EU’s finance ministers, and a handful of heads of state, are meeting today in another attempt to come up with answers to the ‘Greek question’. No details are expected to be announced, although an agreed declaration will give Greece a month to get d…
Posted by Open Europe blog team
February 15, 2010
The comment pages of today and the weekend’s papers were understandably filled with reflections on a potential Greek bailout and the wider implications for the euro and the EU as a whole. We argued in our recent briefing that a bailout would have far-r…
Posted by Open Europe blog team
February 10, 2010
Latest word is that the eurozone group is holding an emergency video conference this afternoon to discuss Greece’s economic situation and possible ways to go ahead with a much anticipated (read: much feared) bailout of the country. This morning’s press…
Posted by Open Europe blog team
February 4, 2010
So it has happened that the European Commission – aided by new powers in the Lisbon Treaty (article 121) – has effectively taken control over the Greek economy, demanding pay freezes, tax hikes and reforms of labour markets and the country’s healthcare…
Posted by Open Europe blog team
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emu, euro, European Commission, European integration, Greece |
January 29, 2010
Here’s another thought for the weekend.Apart from the legal obstacles (at least on paper) involved in giving emergency support to Greece – something we’ve touched on many times before – there may be a second legal hurdle that EU leaders have to clear …
Posted by Open Europe blog team
January 27, 2010
As Greece’s troubles continue (save yesterday’s temporary boost), the debate on whether the EU Treaties legally allow the EU to bail out one of its member states rages on. On his blog, the FT’s EU correspondent Tony Barber claims that the “EU possesses…
Posted by Open Europe blog team
January 25, 2010
A recent legal paper by the European Central Bank deals with the subject: “Withdrawal and Expulsion from the EU and EMU: Some reflections”. It has received quite a bit of attention. Unsurprising, perhaps, given the state of the Greek economy (see h…
Posted by Open Europe blog team
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