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?"
As a hardworking Polish migrant in Britain, the thought of Nigel Farage sticking on the kettle at Number 10 is a terrifying thought. But, like the million viewers across the country who tuned in, we were forced to picture this distressing scenario during Channel 4's UKIP: The First 100 Days last Monday.
Everyone is portraying it as a game of poker. They couldn't be more mistaken. It seems impossible to get Greece off the front pages of the newspapers. And so it should be. The current untenable situation poses an existential threat to the European Union. Many are treating this as a game of bluff and double bluff...
Syriza may turn out to be the solution that so many Greeks have been desperately searching for. That said, it wouldn't surprise me if some of the locals I know are currently saving a few Drachmas under the mattress, you know, just in case...
Left-wing Syriza lead by Alexis Tsipras has not wasted time after winning the Greek elections: he formed a coalition with the right-wing anti-bailout Independent Greeks and the new government is now involved in a very high-stakes game of chicken with the Troika (the European Commission, the ECB and the IMF).
In Greece people are very worried and voice strong concerns over who they should vote for on election day (25 January). At least 15% of Greeks remain undecided and this hiatus will remain until the last minute.
The economic dangers associated with the introduction of the Euro were predictable - and indeed predicted by many. Yet political leaders at the time chose to make a grand and hubristic political statement irrespective of the devastation it could bring to their citizens. The Euro is, maybe, the best example of the consequences of a political and policy elite living in their own world and totally divorced from the consequences of their actions on ordinary people.