Tag Archives: Intergovernmentalism

The Latest Greek Deal – Another Indictment of Intergovernmentalism

This will be a short one about the latest example of the uselessness of intergovernmentalism… So after two failed attempts at finding common ground on Greece on November 13th and on November 20th, the Eurogroup finally came to a provisional … Continue reading

Posted in Euro-zone Update, European Integration, News Round up & Comment, Uncategorized | Tagged , , , , , , | Leave a comment

Merkel and Sarkozy’s Letter to Van Rompuy laying out the Dec 5 Agreement

So I found the joint Franco-German press conference from December 5, at the website of the French Presidency (so in French) and confirmed (08:15 into the video) that the reporters did not misrepresent their statements. Merkel and Sarkozy had no … Continue reading

Posted in Current Events, Euro-zone Update, European Integration | Tagged , , , , , , | Leave a comment

Accommodating the ECB and the Democratic Costs of Intergovernmentalism

This post offers a short note clarifying the dynamics of the asymmetric relationship between the ECB and the governments of the Euro-area, its disparity with the USA and the UK and how this explains the lip service that is being … Continue reading

Posted in ECB, European Integration, Sovereign debt Crisis | Tagged , , , , , , , , , , | 1 Comment

The latest Franco-German Agreement: Is it enough?

So France and Germany reached what was hailed as yet another “comprehensive agreement” on the reform of the Eurozone fiscal policies. In my opinion this wasn’t that comprehensive an agreement. It was only the last of such several steps since … Continue reading

Posted in Current Events, ECB, Euro-zone Update, European Integration, Sovereign debt Crisis, Uncategorized, Weekly Bond Yield developments in the Euro Area | Tagged , , , , , , , , , , , , , | 3 Comments

The end (of the crisis) is nigh! – On treaty change and Lenders of Last Resort

Another week and another bout of hysteria, as banks warn about the risk of a Euro-breakup due to the upcoming banking crisis. May be that’s to over do it, but clearly it increases the ever unquantifiable risk of that happening. … Continue reading

Posted in Current Events, ECB | Tagged , , , , , , , , , , , , , | 1 Comment

Barroso’s Speech: European Orthodoxy, Legislative Proposals and Punching the Chinese

Jose Manuel Barroso, President of the European Commission, gave a speech to the Konrad Adenhaur Foundation (video extracts/full transcript), on the state of the EU. I am not in the habit of following every speech made by EU leaders. There … Continue reading

Posted in Economic Concepts, European Integration, Sovereign debt Crisis, Uncategorized | Tagged , , , , , , , , | Leave a comment

The European Crisis Game they play: “Forecasting” the results of the July 21, 2011 Eurogroup meeting

I suppose this post applies to most decisions under crisis, but I suppose that this meeting is what everyone wants to know about. Right? So I’ll have a shot at it… I am actually going to go against everyone and … Continue reading

Posted in European Interdependences, Sovereign debt Crisis | Tagged , , , , , , , , , , , | Leave a comment