February 6, 2012
Greece is on a “knife edge”. That was how Greek Finance Minister Evangelos Venizelos put it on Saturday ahead of emergency talks between Greek political parties and the EU/IMF/ECB troika (with eurozone countries and private sector bondholders thrown in…
Posted by Open Europe blog team
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austerity, default, ECB, emu. bail-out, eurozone, germany, Greece, imf, sovereign debt, sovereignty |
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 |
December 9, 2011
At least that was how it was being seen beforehand. Unfortunately, in the aftermath it seems to have fallen short of expectations (although admittedly the dust is yet to fully settle). Nevertheless, it was an interesting summit, especially for the UK. …
Posted by Open Europe blog team
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Cameron, emu. bail-out, esm, EU summit, eu treaty, eurozone, finance, imf, treaty change |
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 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 |
December 2, 2011
This is the third time the prospect of the ECB lending to the IMF has been brought up as a potential solution to the eurozone crisis. As such it might seem like old hat, but this time round it may have a bit more substance to it. Bloomberg reports that…
Posted by Open Europe blog team
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ECB, eurozone. bail-out, finance, germany, imf, sovereign debt, sovereignty |
November 16, 2011
The EU/IMF/ECB troika released a statement on its second review of the Portuguese bailout this afternoon. It was more or less what was expected, with a deeper recession forecast for next year (GDP contracting by 3%) and fears over some over-spending, p…
Posted by Open Europe blog team
November 8, 2011
Update 15:50 – The vote on the 2010 budget review in the lower house of the Italian parliament has just taken place. As expected, the review was passed because opposition MPs abstained. However, the ‘yes’ votes were only 308, meaning that Berlusconi ha…
Posted by Open Europe blog team
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banking sector, crisis, emu. bail-out, eu, eurozone, imf, italy, sovereign debt, sovereignty |
October 28, 2011
In today’s City AM we assess the latest attempt by eurozone leaders to come up with a credible second Greek bailout package which involves a substantial contribution from the private sector. Unfortunately, despite the headlines looking good, eurozone l…
Posted by Open Europe blog team
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banking sector, eu, eurozone. bail-out, Greece, imf, restructuring, sovereign debt, sovereignty |
October 27, 2011
So, another summit passed and another chance to assess the agreements in the cold light of day. Unsurprisingly, we’re not too enthusiastic over the deal which has been struck, not least because it doesn’t seem to have changed much from the drafts w…
Posted by Open Europe blog team
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ECB, eu, euro, eurozone. bail-out, imf, sovereign debt, sovereignty, summit |
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