Iceland in good company over economic squeeze
It looks very much as if Iceland’s obligation to recompense the UK and the Netherlands for reimbursing depositors following the collapse of Landsbanki in 2008 is headed for years of litigation in the...
View ArticleGreece chooses change over catastrophe
Greece must choose the road of change or the road of catastrophe: that was how Greek prime minister George Papandreou described the two options facing the Greek people before Wednesday’s austerity vote...
View ArticleBrussels summit a game-changer for eurozone
A game-changer: that’s how Christine Lagarde, new boss of the IMF, described last week’s eurozone crisis summit, which agreed revised bail-out terms for Greece and far-reaching new capabilities for EU...
View ArticleMerkel battles for euro, but her troops are restless
People may have questioned Chancellor Angela Merkel’s commitment to the European Union over recent years, but there is no denying the pivotal role which she is playing in defence of the euro. What a...
View ArticleWhen Europe sneezes, will the world catch pneumonia?
Since the eurozone crisis first erupted three years ago it has largely been seen as Europe’s problem. It has now become a global emergency. This crisis is “scaring the world” says President Obama,...
View ArticleCentre-right now dominates the European scene
It’s curious how centre-right governments have come to dominate the political scene as Europe faces its biggest economic crisis for a generation. Given the fierce pressures on public spending, the...
View ArticleLittle choice for Cameron in Europe à la carte
This week’s summit in Brussels has certainly been a defining moment in the history of the European Union. The UK’s decision to block any revision to the existing EU treaties as part of the package to...
View ArticleHungary poses a stern test for Europe
The European institutions have rarely faced a sterner test than in their dealings with Hungary. As defender of the European treaties the Commission must do all in its power to protect the fundamental...
View ArticleFierce troika attack on Greek labour costs
Devaluation was invariably the path to survival for weaker European economies in the days before the euro. But when devaluation is no longer an option, there is evidently no choice for failing...
View ArticleGreek debt report reinforces doubts on bail-out package
It’s no surprise that the “disciplinary” elements of this week’s Greek bail-out deal have been badly received by many in Greece. Strengthening of the Commission Task Force in Athens to provide an...
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