What kind of system have we created where our elite inflict austerity on ordinary people that causes misery and suffering to millions, while financiers and gamblers of financial markets enjoy such a bonanza of riches? The mind boggles.
For a journalist, covering the EU has always been one of the toughest gigs around. Brussels? Oh. So. Boring. But not any more. The coming months will see the EU front and centre of the political debate not just in the UK but in many other member states as well.
The post-war generation to which my uncle belongs has left us a precious legacy of democratic institutions. It is to be hoped that the current generation of politicians, diplomats and citizens can protect and build on it.
As I browsed the internet in search of a last minute get away last month, it suddenly occurred to me that jetting off to a Greek island in the first w...
Even though the dust from the 2015 General Election has only just begun to settle, the political news agenda has already shifted to the next public po...
There are still those who assert that everything the European Union needs to do can be done under its existing treaties. Few of these pundits stop to explain why it is that if indeed everything can be done under the existing treaties, everything is not, in fact, being done.
Spring brought a burst of sunshine over the eurozone economy. The French economy expanded rapidly in the first quarter of 2015 and even the Italian one managed respectable growth. Fiscal policy is no longer contractionary across the eurozone as a whole. Cheaper oil is boosting consumption. A weaker euro is boosting exports. And the ECB's quantitative easing appears to be working: money supply growth is picking up, suggesting deflationary pressures are easing.
If there's anything to be learned from recent years, it is that, in fact, and contrary to what is bandied about, Europe is moving ahead much faster than we think. Six years of economic crisis has turned things around, often in irreversible ways, and we can expect even more progress in the coming months. Let me give three examples.
Without a deal between Athens and Brussels and the IMF on economic reforms and repayments of loans within the next couple of months a Grexit or Graccident would be the most extreme outcome. We cannot rule out that the parties will fail to find a solution seeing as how the Greeks are dawdling and in the light of the harsh words uttered by, among others, Germany.
Shortly before Greece's Prime Minister Alexis Tsipras met Vladimir Putin in Moscow on his first official visit to Russia, the Financial Times publishe...
The UK economy has performed exceptionally well over the last few quarters and the election may put a temporary break on this. However, it is good news that Europe is looking stronger as it is the UK's main trading partner.
Meanwhile, in the UK the impending election and the uncertainty surrounding the likely outcome has put pressure on the pound, which fell by 4.4 per cent against the dollar during March and has fallen by 2.8 per cent against the euro since mid-March
We should look to the biggest economic of recent events to find our answer. The 2008 crash and following recession is still shaping the economic situation across Europe. The Euro is struggling against the sterling, so does that mean we made the right choice?
Most important, even the mere consideration of a programme of this nature might change the atmosphere of the discussion. It may change the current toxic environment where everyone is pulling in opposite directions with each party losing patience with everyone else, to a constructive discussion about a long-term solution with a short-term, finite safety net.
Greece's Alexis Tsipras has embarked on a European tour to win support for his economic agenda. European leaders should engage constructively with his proposals. There are many good economic arguments for Tsipras plans but the main reason to make concessions to Greece is a lesson from the politics of the Great Depression.
If Greece decides -- as it did -- to end austerity and solve its humanitarian crisis, then there is no reason the Greek government cannot issue credit to this end. But there is absolutely no basis for anyone to retort, "how can it be funded?"