May 7, 2012
At some point you have to wonder if Greece just enjoys the limelight…This weekend’s election was expected to be relatively predictable with the largest parties forming a coalition and eventually adhering to the latest EU/IMF bailout package. Most e…
Posted by Open Europe blog team
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austerity, bail-out, bank capital, EFSF, Elections, esm, eu, eurozone, eurozone crisis, finance, germany, Greece, imf, Pasok |
At some point you have to wonder if Greece just enjoys the limelight…This weekend’s election was expected to be relatively predictable with the largest parties forming a coalition and eventually adhering to the latest EU/IMF bailout package. Most e…
Posted by Open Europe blog team
|
austerity, bail-out, bank capital, EFSF, Elections, esm, eu, eurozone, eurozone crisis, finance, germany, Greece, imf, Pasok |
May 4, 2012
The Greek elections are almost upon us. Much of the attention (including ours) has been focused on the French election, possibly rightly given the potential impact on the Franco-German axis and the austerity approach to the eurozone crisis. The lack of…
Posted by Open Europe blog team
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bail-out, coalition government, crisis, EFSF, Elections, eurozone, Greece, imf, New Democracy, Pasok, restructuring, troika |
April 27, 2012
It’s been a tough week in Madrid and Barcelona with the economic problems rivalling even the footballing troubles for coverage.At the start of the month we highlighted the significant risks still in play in the Spanish banking sector and some of the w…
Posted by Open Europe blog team
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bailout, bank capital, banking sector, EFSF, esm, eurozone, eurozone crisis, imf, Spain |
April 20, 2012
George Osborne is in Washington DC today for an IMF meeting. In another one of those ‘domestic politics meet financial crisis’, Osborne is under pressure from his MPs not to contribute any more cash to the IMF unless there are guarantees that the …
Posted by Open Europe blog team
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crisis, EFSF, esm, EU-US, eurozone, eurozone. bail-out, imf, Osborne, sovereign debt, sovereignty, UK; |
March 13, 2012
Reuters has just released the latest EU/IMF/ECB troika report – the first to fully account for the bond swap and its impact on Greek debt. We’ll provide a fuller run down once we’ve had more time to trawl through the 195 page report (we have to g…
Posted by Open Europe blog team
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crisis, EFSF, eu, eurozone. bail-out, finance, Greece, imf, PSI, restructuring, sovereign debt, troika |
March 6, 2012
A leaked document from the Institute of International Finance (IIF) has been doing the rounds recently and has some rather alarming statistics regarding the cost of a disorderly Greek default in it (see here for full doc). The document is well worth a …
Posted by Open Europe blog team
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bailout, eurozone, Greece, IIF, imf, restructuring, sovereign debt, sovereignty |
Ahead of today’s EU summit, Open Europe has published a new briefing arguing that the second Greek bailout is bad for Greece and bad for eurozone taxpayers. The briefing notes that of the total amount (€282.2bn) that is entailed in the various meas…
Posted by Open Europe blog team
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bailout, crisis, ECB, emu, eurozone, Greece, imf, sovereign debt, sovereignty |
February 20, 2012
Ahead of another meeting of eurozone finance ministers there are still plenty of issues which need to be resolved if Greece is to get underway with its second bailout plan. The key issues are:- There remains at least a €6bn gap in the Greek funding p…
Posted by Open Europe blog team
February 16, 2012
We put out a briefing note today outlining the ten questions and issues that still need to be resolved in the coming weeks in order for Greece to avoid a full and disorderly default on March 20.The briefing argues that, realistically, only a few of the…
Posted by Open Europe blog team
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crisis, default, EFSF, emu, eu, eurozone. bail-out, germany, Greece, imf, restructuring |
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