Eurozone Crisis
Articles on the eurozone crisis.
Greece Highlights Germany’s EU Dilemma
Germany's EU dilemma stems from the unwelcome fact that the chronic debt problem of the so-called 'periphery' nations, occurred before the EU has secured full sovereignty over its member states.…
Beware of Olli Rehn and his siren call for flexibility
Olli Rehn laments the "lack of fleixibility" in Spain's labour market but his call for flexibility is a siren call.…
Spain: Fiesta or Siesta?
Aa time when Spain is back in the limelight on account of its ever-sprouting corruption scandals, the government is trying to switch public attention to the prospect of impending economic recovery.…
The Canary Islands, Spain’s Paradise Lost
The country’s hard-won welfare state system is in reverse gear, with rights and social justice being handed back to charities, as was the case in pre-constitutional Spain.…
EU banking union: dismantling the concept bit by bit
The hoped-for effect of breaking the sovereign-bank-nexus is receding further and further away.…
France: Low yields but rising unemployment
Even with low yields, soaring unemployment will be the defining force.…
Cypriot Chaos Assists EU Centralization
What better way to unite the EU than a potentially catastrophic collapse of the euro?…
The bail-in at Cypriot banks: European implications
This episode illustrates that investors have come to expect some sort of bail-in with future deals.…
Small country, oversized financial sector: Really intolerable?
Several European politicians have opined that a large financial sector was an unacceptable business model for a small country.…
Cyprus Forced Into Bailout Deal
For the first time in this crisis, the bailout does not cover depositors in full. Losses are to be suffered by not only shareholders and bondholders, but even by depositors. We expect future bailouts to incorporate this feature.…
Cyprus Targets Its Savers in Bailout Agreement
They have hit their savers with a grievous blow, and this will do irreparable harm to trust and confidence.…
Lest we forget: The neglected roots of Europe’s slide to authoritarianism
A multitude of evils can hide behind the ideological veil of top-down European integration.…
