The latest round of talks between Greek ministers and the financial institutions managing the largest loan a country has ever taken have just ended in Paris. It might seem odd that the latest talks to…
Draghi and Merkel, in happier times.
Hannibal Hanschke/EPA
We are in a new phase of the post-crisis world. Growth is disappointing with Italy in recession, France close to it, and even Germany lagging. It is a useful reminder that recovery in a debt-overhang economy…
Hold onto your hats: fresh trouble in Portugal.
EPA
Banco Espírito Santo, the Portuguese bank, has become the top concern for international investors in recent days. The Portuguese stock exchange has taken a big hit and other European equity markets have…
Economic modelling predicts that Germany is the most likely country to qualify for the semi-finals at the 2014 World Cup.
EPA/Andreas Gebert
Forget Lionel Messi, Cristiano Ronaldo or Mario Balotelli. What will make your country more (or less) likely to succeed in the World Cup is its rate of economic growth. At this point, I expect European…
Charles Wyplosz, Graduate Institute – Institut de hautes études internationales et du développement (IHEID)
The news from France has not been good over the last few years. Poor economic growth, stubbornly high unemployment, plant closures on the rise, strikes (not new, really), voter disenfranchisement and the…
“The euro has backfired: it is holding back growth and job creation; and it is dividing Europe.”
Stefan Rousseau/PA
One of the most exciting things about working at the LSE is that we get to hear some of the world’s top thinkers and policymakers. One occasion that I recall vividly is the visit of two great Europeans…
Dark clouds are gathering over Slovenia.
lassi.kurkijarvi
The eurozone crisis appears to have a new victim: Slovenia. To avoid the need for a bailout, the IMF has called on the country to immediately recapitalise its banks. This should worry the rest of Europe…
The recent political standoff that shut down the US government for 16 days and came uncomfortably close to the debt ceiling extension deadline is now thankfully over — for the moment. Given the current…
Economics is at the heart of Portugal’s political crisis.
marionzetta
The current political crisis in Portugal has surprised both local economists who know little about politics and international analysts who are ill-informed about the Portuguese economy. In May, I had the…
Tough times in the zone: the euro is holding out for a hero.
Rock Cohen/Flickr
Academics, politicians, international economists and central bankers alike talk and talk about the theoretical benefits of a European banking union. But these reflections go far beyond the current, real…
Greece is feeling the heat from its European creditors.
liako
The latest political crisis in Greece began with a spat over the future of public tv and radio. The fragile political consensus among the three-way government coalition was finally broken with one party…
Greek protestors take to streets after the ERT shutdown.
Yanis Varoufakis
For those of us who grew up in the Greece of the neo-fascist colonels, nothing can stir up painful memories like a modern act of totalitarianism. When the television screen froze last night, an hour before…
Greece: not just riots and unemployment.
flikr/Imagaday
The IMF has conceded that mistakes were made in the way the first Greek bailout in May 2010 was handled. Its report suggests the need to refine the fund’s lending policies to accommodate for conditions…
Cyprus is making a last-ditch bid to negotiate a bailout deal from the IMF, the EU and the ECB.
AAP
Last week, the Parliament of Cyprus rejected a bill that would impose a levy of 9.9% on bank deposits over the insurance threshold of €100,000 and a levy of 6.75% on deposits below the insurance ceiling…
The Euro crisis has finally arrived at the economic heartland of Germany; but the road to recovery may be the same for the Eurozone core powers as the peripheral economies.
AAP
Harald Sander, Cologne University of Applied Sciences (CUAS)
Last week the German government’s economic forecasts for 2013 have made clear that the Euro crisis will have a serious economic impact on Germany, with the economic growth projection cut down to a mere…
With the implementation of the Single Supervisory Mechanism, European Central Bank chief Mario Draghi has taken a major step towards greater financial integration in the Eurozone.
AAP
Last week was one of mixed fortunes for the Eurozone. The week began badly with news that Italy’s Prime Minister Mario Monti was resigning due to Silvio Berlusconi’s withdrawal of parliamentary support…
The Basque cooperative Mondragon has remained resilient, despite Spain’s deepening economic slump.
Flickr\Fagor Automation
Back in the early 1980s, the former Secretary of State for Education in Harold Wilson’s Labour government, Shirley Williams, alerted me to a remarkable instance of regional economic development through…
Tackling France’s mounting sovereign debt will prove challenging for French President François Hollande.
AAP
Pressure is mounting for the recently elected French Socialist president, François Hollande and his government to address France’s sovereign debt, which is currently at a post-war record of 91%. France…
Protesters outside the Federal Constitutional Court of Germany express their anger over Germany’s support of the ECB’s debt buy-back scheme.
AAP
Harald Sander, Cologne University of Applied Sciences (CUAS)
The past few days have seen economic crisis management — if not the political landscape in the Eurozone — change fundamentally. On September 6, the ECB announced it would buy-back unlimited government…
European Central Bank President Mario Draghi announced that the ECB will buy back bonds on the secondary market in a bid to curb the debt crisis.
AAP
Yesterday, the European Central Bank’s president, Mario Draghi, unveiled the European Central Bank’s rescue plan for the Eurozone. Mr Draghi said that the ECB is now prepared to buy sovereign bonds of…