... during the second half of 2015, the issue of improving pan-European mechanisms has been gradually pushed off the agenda. However, this hiatus offers Europe’s expert community an ideal opportunity to assess and rethink the main outlines of the European Union’s policies. The report “
We Don’t Need No Federation. What a Devolved Eurozone Should Look Like
” by Christian Odendahl, Chief Economist at the Centre for European Reform, offers an original way out of the difficult situation that has developed within the EU single currency area.
Odendahl believes that today’s ...
... beginning. The technical groups that were created to fix the grey days of 2009-2010 with help from the IMF revealed that the huge loans made under Memorandums I and II were created to protect Germany’s and France’s bonds. Without any doubt, the Eurozone project is very weak. Moreover, the leaders of the Eurozone states did not prevent the difficulties that Eurozone itself could have tackled, which had members with serious structural problems such as Greece.
Therefore, the first fact comes through ...
... projections. The new government appeared to be making substantial concessions in its early negotiation with creditors in late February, opening the door to an extension of the bailout program and further talks on the future of reform efforts. In view of the eurozone’s evolving architecture and the German government’s insistence on a certain version of
Ordoliberalismus
, it was a sensible thing to do.
But SYRIZA the party reasserted itself, imposing on the SYRIZA-led government a different set ...
Grexit: Economic Implications for Greece, EU and the Rest of the World
The January 25, 2015 could be perceived as a milestone for both Greek and European political reality. If we take as a given that the eurozone crisis is a problem with many international implications, we will understand that Syriza party is something new within the international system. The important issue is the interaction among the key actors of this negotiating process. What are ...
... from the eurozone is complicated technically, it could result in contagion because financial investors would try to test other Eurozone countries.
A way out of the crisis, which has penetrated the European foundations, entails a debate on the kind of Europe ... ... Risk Tripping Up Greece on Debt Relief”, Wall Street Journal, January 16, 2015
13
. Ibid.
14
. Court of Justice of the European Union, Press Release No 2/15 Luxembourg, 14 January 2015.
15
. Jana Randow, “Europe’s QE Quandary”,...
... classes, in particular, small and medium businesses, which could be expected, eventually, to suffer from the crisis.
The third European Union giant, Great Britain, also remained largely safe throughout the crisis, thanks to its key social and economic indicators.... ..., were given to Greece’s Conservative-led coalition government.
Photo: Flickr / EnvironmentBlog
ВVladislav Belov:
The Eurozone – the Innovation Experiment is
in Progress
The Portuguese approach to tackling the crisis, albeit without formal ...
... businesses, while German investments in Latvia will grow.
Most likely, the expected consumer price rise in Latvia and overall Eurozone situation may affect Russian economic interests. Banking is to remain a vital element of Russian-Latvian relations. In ... ... taxation. But the Cypriot banking drama suggests that Russians should closely watch the relations between Latvian banks and the European Union.
1
. Inter alia, this relates to the Latvian government's decision to reduce remittances to the second (accumulation) ...
... does not suit Britain, as the step would de facto push it to the margin, into the company of Poland, Sweden and other non-Eurozone countries. In the absence of a need to look to London, the strengthened French-German duo will be able to step up intra-Eurozone integration. Facing the menace of the European Union growing into a multi-tiered structure and establishing of a federative Europe governed by Berlin, some prominent British analysts, for example Anatole Kaletsky of The Times, have tumbled to an obviously utopian scheme for the Eurozone's ...
... expansion will not take place. The emphasis will be made on the supranational institutional reforms, particularly, in the fiscal sphere and on the structural reforms in all member countries. It will be the motivation and the precondition for entry into the eurozone of other countries of the European Union. Until the end of the current decade, Denmark, Hungary, Latvia, Lithuania, Poland and Czechia may be admitted to the eurozone. Euro will remain to be one of the world’s reserve currencies. The dynamics of its exchange rate with regard ...
