Ideas on Europe

Informed analysis, comment and debate

Tag Archives: Euro

Reform #3: Finance and economy (vol. 1) – Finance

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Introduction As previously discussed (see Reform #2), the reformation of the united Europe’s political system is the precondition of introducing further reforms related to Republic of the United Europe’s (or RUE) finance, economy, social system, armed forces, and foreign policy. In this volume, I am going to focus on the most critical topics related to […]

Could we be facing another Eurozone crisis?

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The gap between Italian and German yields widened to more than 2.2 percentage points, reversing more than half of the narrowing seen since the European Central Bank’s (ECB) announced its €750bn monetary stimulus. Italy’s borrowing costs remain above their levels at the beginning of the year. Investors worry about mounting debt to fund the country’s response […]

Greek banker designs new Euro coin

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Irony comes in many shapes and sizes. Just as Greeks and the rest of Europe watch with bated breath whether Greece will leave the Euro zone, comes news that a designer with the Bank of Greece has won a prize for the design of a new Euro coin. The new coin is to celebrate 30 […]

Don’t write-off Greece – or Europe

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Never trust experts. It was experts who said the Titanic couldn’t sink. It sunk. Two years ago experts said that Greece would sink and would have to leave the Euro.  It hasn’t – and it didn’t. In July 2012 Ireland’s ‘Independent’ newspaper reported that experts predicted a 90% chance that Greece would leave the Eurozone […]

Discipline

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A more specific passage from the Cohn-Bendit & Verhofstadt book that makes me mad:  « La zone euro ne souffre toutefois pas uniquement de ce manque de solidarité. La discipline est également défaillante, alors qu’elle constitue la seconde condition nécessaire à la pérennisation d’une zone monétaire. Tous savaient depuis longtemps que les Grecs étaient incapables […]

Access to Documents: Grexit edition

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By way of unasked-for favour to my Ideas on Europe colleague Ron Patz, I thought I’d take a look at the pending case of Thesing and Bloomberg Finance v. ECB, which was in the news last week because the General Court held its hearing in the case. As far as Access to Documents cases go, […]

Grexit Cynicism

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On Friday, I had dinner with some fellow die-hard cynics when another (and non-European) dinner guest raised the question of Grexit. To my surprise, their cynical answer was the complete opposite of mine. My thinking on this matter was pretty much summed up in this post: Grexit and non-Grexit are both an unpredictable mess, except with different […]

Grexit

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Being an econo-lawyer super-monster creature thing, I feel a sustained moral obligation to have an opinion about Greece’s potential exit from the Euro. The only problem is, I don’t really have one. Part of the reason for that is that I am actually a pretty decent economist. (Even if I do say so myself.) In […]

Should China bail out Europe?

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Many economists, pundits and policymakers in Europe think that China is in an ideal position to rescue the Eurozone from its debt problems. The main argument goes more or less like this: China has $3.2 trillion foreign reserves, of which two thirds are in US dollars and only one quarter is in euros. It would […]