January 18, 2012
The rumours were finally confirmed today as the IMF released a statement announcing its plans to increase its funding base by up to $500bn. There’s been a lot of talk in the British media in recent weeks about the potential increased UK contributions…
Posted by Open Europe blog team
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emu, euro, eurozone. bail-out, finance, imf, sovereign debt, sovereignty, UK media |
January 10, 2012
It would be a gross understatement to say that negotiations on the Greek voluntary restructuring/write-down/bond swap have been dragging on a bit. The initial idea was first proposed and adopted last July and has been the topic of almost permanent nego…
Posted by Open Europe blog team
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bailout, bond swap, collective action clauses, ECB, emu, eu, eurozone, Greece, restructuring, sovereign debt |
January 9, 2012
As we noted last week, 2012 is going to be another incredibly messy year for the euro (hardly an earth-shattering prediction).Everyone agrees that the next few months are going to be a crucial phase in the eurozone crisis. If a long term solution isn’t…
Posted by Open Europe blog team
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bail-out, crisis, emu, eu, EU summit, eurozone, finance, sovereign debt, sovereignty |
In a blog post for the Telegraph, we ask this simple and yet brutally complicated question. This is what we argue: In truth, as the crisis is overwhelmingly about erratic domestic politics, it’s absolutely impossible to predict when the euro will bi…
Posted by Open Europe blog team
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bailout, crisis, default, emu, euro, France, germany, Greece, italy, Merkel, monti, sovereign debt, Spain |
December 21, 2011
This morning saw the first allotment of the new unlimited three year ECB loans – the much hyped mechanism that some hope will solve the eurozone crisis by actually providing cash to struggling eurozone banks with which they can then use to buy Portugue…
Posted by Open Europe blog team
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crisis, ECB, emu, eurozone. bail-out, finance, franco-german axis, sovereign debt |
December 19, 2011
Open Europe has today published a briefing arguing that the ECB is unlikely to buy the hundreds of billions worth of government bonds required for it to properly backstop the eurozone, following an underwhelming agreement between EU leaders at the summ…
Posted by Open Europe blog team
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Draghi, ECB, emu, euro, eurozone. bail-out, finance, France, franco-german axis, germany, sovereign debt |
December 15, 2011
For all those who think that French President Nicolas Sarkozy will be sitting in the Élysée plotting some form of retaliation against Cameron, it has quickly become clear that he has much bigger things to worry about.Rumours have once again been flyi…
Posted by Open Europe blog team
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credit rating, EFSF, emu, esm, eu, EU summit, eurozone. bail-out, France, germany |
December 8, 2011
It’s been a whirlwind entrance for Mario Draghi as ECB President and today’s meeting of the Governing Council was seemingly no exception. The key decisions which came out of the meeting were much what we expected, although with a few twists, while …
Posted by Open Europe blog team
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Draghi, ECB, emu, eurozone. bail-out, France, germany, imf, interest rates, one-size-fits-all monetary policy, sovereign debt, sovereignty |
December 7, 2011
It’s been another busy day in the eurozone crisis, with European Council President Herman van Rompuy putting out his report on the prospects for treaty change and greater eurozone fiscal integration and then German Chancellor Angela Merkel and French…
Posted by Open Europe blog team
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ECB, emu, euro, eurozone. bail-out, finance, FTT, germany, Merkel, Sarkozy, sovereign debt, sovereignty, summit, Van Rompuy |
December 5, 2011
The perpetual rolling meetings which have characterised this eurozone crisis look to be reaching a head this week. The EU summit which kicks off on Thursday evening will undoubtedly be preceded by a series of smaller meetings between European officials…
Posted by Open Europe blog team
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ECB, emu, euro, eurozone. bail-out, France, germany, Greece, imf, summit |
Open Europe is an independent think tank contributing bold new thinking to the debate about the direction of the EU.
