Jeroen Dijsselbloem (L) and Olli Rehn (R)The Netherlands, Germany’s most prominent triple A ally, has been through a bout of political upheaval in recent weeks, which could have brought down the government. The troubled coalition of the centre-right …
Posted by Open Europe blog team
As we noted last week on CNBC, a deal was always likely this time round in Greece:”We’ve got German elections coming up in September and no one wants to have that talk of how we’re going to fund Greece for the next three or four years. So they just wan…
Posted by Open Europe blog team
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austerity, bailout, ECB, eurogroup, eurozone, Greece, labour market reform |
Ten days ago, we wrote a blog asking, “Will the closure of the public broadcaster set the scene for a coalition showdown in Greece?” Yes, it has. And it’s looking nastier by the day.Greek coalition leaders met for the third time this week yesterday, bu…
Posted by Open Europe blog team
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Dijsselbloem, ERT, eurogroup, Greece, imf, Kouvelis, Samaras, Venizelos |
April 11, 2013
In anticipation of tomorrow’s eurozone finance ministers meeting (which will discuss finalising the Cypriot bailout and potentially extending the bailout loans given to Portugal and Ireland) Open Europe has published a new briefing looking at who might…
Posted by Open Europe blog team
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bailout, banking sector, competitiveness, crisis, economic growth, eurogroup, eurozone, labour market reform, Portugal, recapitalisation, slovenia, unit labour costs |
March 25, 2013
Everyone, including us, has commented at some point this week about how calmly markets have reacted to the situation in Cyprus. Cue Dutch Finance Minister Jeroen Dijsselbloem. From his interview with Reuters:”What we’ve done last night is what I call …
Posted by Open Europe blog team
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contagion, crisis, Cyprus, euro, eurogroup, eurozone, eurozone exit, financial markets |
March 5, 2013
Today has been billed as the final chance for UK Chancellor George Osborne to secure a change in the proposal to limit bank bonuses across the EU. It is true that any change to the broad political agreement (including the level of the ratio limiting bo…
Posted by Open Europe blog team
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bank bonus, banking regulation, banking sector, Basel III, CRD4, ECJ, ecofin, eurogroup, Lisbon Treaty, Osborne, UK-EU relations |
November 28, 2012
Early on Tuesday morning the eurozone and the IMF reached an agreement which has been widely billed as their most comprehensive package to aid Greece. Now that the dust has settled somewhat, Open Europe has published a new flash analysis assessing the …
Posted by Open Europe blog team
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EU-IMF memorandum, euro, eurogroup, eurozone bailouts, eurozone crisis, Greece, Greek bailout, Greek euro exit, imf, sovereign debt |
October 19, 2012
Media reports on the outcome of eurozone summit discussions last night are mixed, but there is general theme that eurozone leaders have taken ‘a step closer to banking union’. Looking at the latest conclusions (see here),we wouldn’t quite des…
Posted by Open Europe blog team
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banking regulation, banking union, crisis, EBA, ECB, esm, EU summit, eurogroup, eurozone, germany |
July 10, 2012
As expected, yesterday’s was an intense Eurogroup meeting for Spain, with several key issues on the table. Here’s a summary of what happened and what was (or wasn’t) decided:Eurozone finance ministers reached a “political agreement” over the Spanish ba…
Posted by Open Europe blog team
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eurogroup, eurozone, eurozone crisis, germany, juncker, Rajoy, schauble, Spain, Spanish bailout, spanish banks, spanish regions |
As expected, yesterday’s was an intense Eurogroup meeting for Spain, with several key issues on the table. Here’s a summary of what happened and what was (or wasn’t) decided:Eurozone finance ministers reached a “political agreement” over the Spanish ba…
Posted by Open Europe blog team
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eurogroup, eurozone, eurozone crisis, germany, juncker, Rajoy, schauble, Spain, Spanish bailout, spanish banks, spanish regions |
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