August 12, 2011
Things are hotting up in the Irish presidential race. After the previous favourite, David Norris, and his ill-fated campaign came to an abrupt end following revelations about his private life – step into the ring namesakes Gay Mitchell and Gay Byrne (p…
Posted by Open Europe blog team
June 24, 2011
Emerging from his bureaucratic hole in Brussels, former Labour MEP Richard Corbett made an appearance on yesterday’s Newsnight to discuss the ongoing eurozone crisis (joined by a Greek communist and Tory MP Douglas Carswell – the discussion wasn’t exac…
Posted by Open Europe blog team
Over at the FT’s newly established “A-list” blog, Martin Feldstein sets out the reasons why Greece will inevitably have to default, arguing that the key now is to delay it long enough for banks to get their act together. He argues:Greece is not alone i…
Posted by Open Europe blog team
June 1, 2011
First it was the idea of eurozone bail-outs, then it was restructuring, now another eurozone taboo has been completely smashed: Greece leaving the Single Currency. In fact, over the past few days, it appears as if arguing in favour of Greece leaving t…
Posted by Open Europe blog team
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bail-out, emu, emu. bail-out, eurozone, eurozone. bail-out, Greece, ireland, Portugal |
May 13, 2011
The EU has today released its spring forecast, which updates last autumn’s economic forecasts for EU (and related) countries.Despite our (relatively) chirpy title it’s far from happy reading.The EU now expects Greek debt to reach 157.7% of GDP in 2…
Posted by Open Europe blog team
May 4, 2011
We imagine that will be the response by many in Athens and Dublin to the conditions which have been announced along with the €78bn bailout deal for Portugal. Jose Socrates, the caretaker Portuguese PM, was almost boasting on TV last night about how m…
Posted by Open Europe blog team
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ECB, eu, euro, eurozone. bail-out, Greece, imf, ireland, Portugal, sovereign debt |
April 1, 2011
Yesterday afternoon Ireland announced the results of its recent round of banking stress tests. They showed that the banks need €24bn to recapitalise; that is undoubtedly a huge number for an economy the size of Ireland’s. So why are investors not r…
Posted by Open Europe blog team
January 5, 2011
The new year sees the launch of the EU’s new financial supervisors: the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority. If you haven’t already done so, have a l…
Posted by Open Europe blog team
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bail-out, bubbles, EBA, ECB, ESRB, EU supervisors, euro, ireland |
November 22, 2010
Open Europe has today published a briefing asking the simple question: will an Irish bail-out actually solve anything?A healthy Irish economy is quite clearly in the UK’s interest, and to extend loans to a struggling neighbour (to use Osborne’s rhetori…
Posted by Open Europe blog team
November 19, 2010
Yesterday saw some interesting reactions from the German papers, in response to the increasingly likely Irish bail-out.A leader in Die Zeit dismisses Herman Van Rompuy’s “exaggerations” and “apocalyptic” comments (“if the Euro doesn’t survi…
Posted by Open Europe blog team
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