European Debt Crisis

What Is Europe Without Greece?

Stephen T. Hall | Posted 13.07.2015 | UK Politics
Stephen T. Hall

One thing is clear, that Alexis Tspiras must stand firm in sweeping waters and against the rising tide. Historians will often say that European man is Greek in provenance. As citizens of Europe we know that Syriza is making decisions in constrained space and time, and that they should be proud -- whatever the outcome -- that they have sought to represent a demographic that extends beyond Greece and touches the heart of Europe.

European Union: Besieged From All Sides

Stephen T. Hall | Posted 09.07.2015 | UK Politics
Stephen T. Hall

It is of interest that in rejecting the bailout deal in their historic referendum the Greek people did not reject either the Euro or the European Union. Despite the economic unrest that Greece has experienced over the last few years, OXI was, in its purest form, an affirmation -- the Greek people still hope the EU will listen to them.

Greece Just Hammered the First Nail in the Coffin of Milton Friedman's Legacy

Manuel Barcia | Posted 07.07.2015 | UK Politics
Manuel Barcia

Earlier this week Naomi Klein was asked in Twitter whether she thought that what we are seeing in Greece corresponds to the early stages of the Shock ...

Greece: Drama In Overtime

Νικόλας Μακαρέζος | Posted 01.07.2015 | UK Universities & Education
Νικόλας Μακαρέζος

I deeply believe in Greece inside Europe of democracy, of altruism, of common institutions and firm relationships. Greece and its bond with Euro was born of respect and faith and by no means should it die of arrogance.

The Larger Battle Being Fought By the Greeks

Manuel Barcia | Posted 26.06.2015 | UK Politics
Manuel Barcia

As for the EU, there's little else to say. They have gone from promising the earth and the heavens to their citizens, to becoming the executioners of the IMF and their own bankers. Pity they cannot see that by carrying out like this, they are not just destroying Greece but also the very foundations of their precious and profitable political and economic unity. For them, too, the hour of reckoning is nigh.

European Ad Market in Rude Health as Advertising Week Europe Kicks Off

Nikki Mendonca | Posted 25.05.2015 | UK
Nikki Mendonca

With Advertising Week Europe now in full swing, the following six trends highlight why the ad industry is actually in a good place.

QE and the Hangover From the All-You-Can Eat Bailout Buffet

Naomi Kerbel | Posted 27.03.2015 | UK
Naomi Kerbel

Some fear the standoff with the Troika - the International Monetary Fund, the European Central Bank and the European Commission - could derail the Greek recovery and spread to other countries re-igniting the eurozone crisis. Whether smooth sailing or a rocky ride, the voyage will be memorable. Lifejackets at the ready.

Politics of More Importance Than Economics for the Eurozone

Jeremy Cook | Posted 14.10.2014 | UK Politics
Jeremy Cook

Mario Draghi reminded everyone gathered in Frankfurt and listening in around the world that it is not the ECB's decision as to whether to go ahead with asset purchases. Firstly, Eurogroup leaders would have to vote on it.

Geopolitics and Globalization Endanger Project Europe

Andy Langenkamp | Posted 21.07.2014 | UK Politics
Andy Langenkamp

Should optimistic views about globalization like those of Michael Mandelbaum hold true, Europe may manage to defuse the crisis as new markets open, economic ties strengthen, and member states realize they have a common goal. Namely, to increase prosperity and profit from the ongoing technological innovation.

Hezza Thinks Britain Will 'One Day' Join The Euro

The Huffington Post UK | Asa Bennett | Posted 02.04.2014 | UK Politics

Britain will "one day" ditch the pound and adopt the Euro as its currency, Tory peer Lord Heseltine has predicted. Asked by the New Statesman if it...

EU Exit Talk Is 'Anti-Jobs And Anti-Business', Warns Balls

The Huffington Post UK | Asa Bennett | Posted 01.04.2014 | UK Politics

Ed Balls has warned that "even talking" of Britain leaving the European Union is "anti-jobs and anti-business" as it would create "huge uncertainty" f...

Everyone Wants to Go to Heaven But Nobody Wants to Die

Andy Langenkamp | Posted 04.05.2014 | UK Politics
Andy Langenkamp

Europe will not strongly recover in the course of 2014. It would require many reforms at national and European level, which are not (yet) feasible. For the moment, Europe will have to make do with a patchwork of stopgaps, which is adjusted gradually, in incremental steps.

It's Crunch Time at the ECB

Jeremy Cook | Posted 30.04.2014 | UK
Jeremy Cook

Much like sporting events can be histrionically promoted as 'crunch matches', 'the day of reckoning' or similar, recent meetings of the world's central banks have often been given a similar billing. However, it's safe to say that the impact of these economic planning meetings lasts longer than any bangs and scrapes picked up in a 90 minute kick about.

Happy New Year EU! May 2014 Be the End of Your Ages...

Dr Mark Esposito | Posted 27.02.2014 | UK Politics
Dr Mark Esposito

The EU cannot really afford to slow down even though it is about to go into a parliamentarian transition, next May. The reasons for national governments to make the necessary reforms to help SMEs grow will become one of Europe's most expected actions. Not doing enough does not only prevent the EU from becoming more competitive; it is a recipe for more problems down the road...

Europe's Recession-Hit Economies Must Say 'Si' to Creativity

Johan Fourie | Posted 17.02.2014 | UK
Johan Fourie

It is a truism that creativity can create something special from nothing; just look at the "starving artist" ideal made popular by Picasso and Modigliani, Orwell's Road to Wigan Pier, or today's recession-busting artists such as Banksy...

Bitter Sweet Symphony for Structural Reforms?

Andy Langenkamp | Posted 25.01.2014 | UK Politics
Andy Langenkamp

Britpop's predictive powers A tumultuous storm followed the 2008 credit crisis. To calm it, the governments administered liquidity injections with th...

What Is Driving the Greek Stock Market Recovery?

Martin Koehring | Posted 23.01.2014 | UK
Martin Koehring

Amid the debt crisis and concomitant economic depression, the Athens Stock Exchange (ASE) lost 91% of its value between its peak in late October 2007 ...

Following a Quiet Euro Summer, a Stormy Fall and Icy Winter

Andy Langenkamp | Posted 15.10.2013 | UK Politics
Andy Langenkamp

In central and eastern Europe political and economic distress is on the increase. Growth expectations are adjusted downwards in Poland, Hungary, the Czech Republic, Romania and Bulgaria where corruption, authoritarian tendencies, and outright political crises are rife.

Why Germany Is Still Recovering Its War Dead

David Crossland | Posted 15.10.2013 | UK
David Crossland

Quietly and methodically, Germany has been recovering the bodies of hundreds of thousands of its soldiers who fell on its Eastern Front in the bloodie...

Living Through a Crisis: Greece Under Austerity

Emily Stacey | Posted 10.09.2013 | UK
Emily Stacey

On the beaches, the picture is worse. Dimitri has run a popular local beach situated in one of the island's liveliest towns for over twenty years. This year, however, he has suffered under the tight grip of the government.

Greece's New Focus on Exports

Martin Koehring | Posted 20.08.2013 | UK
Martin Koehring

The Greek government and its EU/IMF creditors want Greece to attract investment (especially from abroad) and boost exports in order to bring about economic recovery. But Greece has traditionally been a relatively closed economy that is only slowly opening up.

ECB Cannot Save Euro; Crisis Back With Vengeance?

Andy Langenkamp | Posted 15.07.2013 | UK
Andy Langenkamp

Edward Markus - founder, owner and chief analyst of ECR Research and ICC - is coauthor of this blog. Austerity vs Growth The focus in Europe is ...

ECB Rate Cut Points to a Lack of Collective Confidence

Jeremy Cook | Posted 03.07.2013 | UK
Jeremy Cook

The ECB has decided to cut rates by 25bps to a record low of 50bps this week, in a move that was widely expected. Despite much of the reporting of thi...

If Macroeconomic Trends Persist, the Rest of the Eurozone Will Find It Difficult to Share a Currency With Germany

Neil Prothero | Posted 19.06.2013 | UK
Neil Prothero

The euro zone needs German inflation to rise, so as to address the imbalances in competitiveness between member states without condemning much of the currency union to semi-permanent slump and unsustainable indebtedness.

Portugal's Effect on the Eurozone

Ben Jones | Posted 12.06.2013 | UK Politics
Ben Jones

The decision on April 5 by Portugal's Constitutional Court to strike down a number of savings measures contained in the government's 2013 budget has increased the chances that Portugal will need a second bail-out and shortened the odds on an early election.