A New Phase in Euro-Zone Crisis – Zero Coupon Perpetuities for Greece?

I don’t have an enormous amount of time to consider the implications of the Greek election yesterday in a tremendous amount of detail. So the following are my thoughts, disorganised and potentially incoherent.

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Je Suis Charlie

All the cartoons they don’t like. Because freedom of expression, that’s why!

If you think they had it coming you are one of those people who thinks women (or any other minority for that sake) deserve to be raped (or suffer any other form of abuse) because of the way they dress, what they say or of the way they act, which, let’s be honest, is just plain ignorant!

Now let’s wait for the right-wing extremists to capitalise on this for their xenophobic agenda

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Dear Reader,

I wanted to take this opportunity to wish you a merry Christmas and a happy new year. I won’t be posting any more this year, as I have some work I need to finish before going on holidays. During the new year, I hope to be able to continue to post at least once a week, hopefully on Fridays, but later otherwise.

I have plenty of posts I’ve started writing that need finishing as well as plenty of ideas for new posts I hope you will find as interesting as I do.

Europe and its integration remain in flux in the depressing economic and political aftermath of the financial crisis. Extremist right-wing parties seem to go from strength to strength casting a shadow not dissimilar to that cast in the 1930s when the liberal central parties seem to have lost the confidence of the electorates across Europe. Things are not quite as bad as then, but the Europe we live in now seems rather different from the one we lived in 10 years ago and our “new normal” is clearly more depressing than our past.

Nevertheless, much remains to be done. Will the deflation and economic inequalities that plague our continent, the fiscal competition of the single market, the continued exposure to asymmetric shocks and Russian triggers of a military threat push us towards more European integration in 2015? Or a British exit from the EU, civil war in Spain, more instability or even a default in Greece, failure in France and reform delay at continental level create continue to accumulate until discontent reaches a critical mass that it will be impossible to not breakup with the past?

I don’t know either. So hang around and let’s find out!

See you next year!


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3 Accounts of Euro-Zone Crisis Management

If you are interested in EU integration and if you’ve been following the Euro-Zone crisis for the last 5 years, then last  week would have definitely registered the publication of the following blog post by Peter Spiegel on the FT’s Brussels Blog: “Draghi’s ECB management: the leaked Geithner files

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Posted in A € for your Thoughts, ECB, European History, European Integration, European National Politics, Finance, Media Coverage, Sovereign debt Crisis, Visions of the Political Future of Europe | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Italian Debt, Mutual Insurance, Fiscal Federalism and Fiscal Rules – Brugel blog posts

As I mentioned earlier, in a very delayed reaction to a comment on European blogging, I’ve decided to start looking around at what other bloggers write and comment on it, while hopefully not neglecting to come up with my own content.

Because the inspiration for this new attitude came from Bruegel, I think it is only fair to begin by considering contributions published there, particularly those from Jérémie Cohen-Setton, Martin Kessler and Shahin Vallée, who authored that article. Unfortunately, only Vallee has published a relevant post lately, so I shall focus on him and 2 other authors published by Bruegel’s blog.

In this spirit I looked around for the latest contributions and found the following three articles

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