Bailout countries have been on the Troika's leash now for nearly four years, but just how effective have its measures been. The Troika - composed of the European Commission, the European Central Bank and the International Monetary Fund - is tasked with getting economies back into shape by proscribing a diet of strict austerity and plenty of strenuous reform measures, but its methodology has been questioned since the start.
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...
A break-up of the eurozone may be where we are headed if spending cuts take precedence over debt defaults and if the financial crisis continues to be cynically portrayed as a morality play. What the continent needs is a debt jubilee and a halt to austerity. Oh, and some solidarity. Otherwise, a second Great Depression beckons.
The blurb for the brand new book Out of the West, by Kevin Sullivan, is really very bad. The first sentence lost me immediately as it mentioned two Greek names - both of which I instantly forgot - and then it describes their convoluted love affair in WW2 Greece, with some action taking place in Scotland.
The number of people at risk of poverty grows in Germany, although the number of employed has never before been so high, according to the results published this week by the Federal Statistical Office (Destatis). The study, which takes a snapshot of German society from numerous surveys, shows that in 2012 the country had 41.5 million people employed, the highest in its history. However, the total working volume was at 1991 levels.
The fact that Germany is not as strong as we believe means that the country may not be able to lift Europe out of its economic woe. If this is really the case, we are pinning our high hope on the wrong leader. It therefore makes a lot more sense for us to come up with new ways to solve the Eurozone crisis...
Society victories that were led by youth are now going public and will be shared with this and the next generation through the Global Talks Campaign. There are no borders when it comes to ideas, no restrictions when it comes to determined young people. There are no Greek or Kuwaiti youth problems, only international ones.