The Great Debate UK

German elections bring forward a possible stalemate situation for EMU

April 28, 2010

-Jane Foley is research director at Forex.com. The opinions expressed are her own.-

from Global News Journal:

If Greece’s debt dam breaks, who gets wet?

April 13, 2010

The 16 countries that share the euro single currency have agreed they will help Greece out if it needs. So far so good. But only now is the nitty-gritty of how member states will go about paying for their contributions being hammered out. And suddenly things are getting a little complicated.

What’s next in EMU after Greece deal?

March 26, 2010

Jane Foley-Jane Foley is research director at Forex.com. The opinions expressed are her own.-

from Global News Journal:

Can a European diplomatic service really work?

March 10, 2010

As experiments in political unity go, Europe's External Action Service takes some beating.

from Global News Journal:

EU to tackle gender pay inequality

By Reuters Staff
March 8, 2010

By Sangeeta Shastry

EU Justice Commissioner Viviane Reding

EU Justice Commissioner Viviane Reding

Men are still paid more than women in Europe but the European Union is promising to narrow the gap.

The spoils of EU reform

By Alain Deletroz
February 19, 2010

eu- Alain Délétroz is Vice President Europe at the International Crisis Group, www.crisisgroup.org. The opinions expressed are his own. -

from The Great Debate:

Watch banks for clues on Greece

February 9, 2010

-- James Saft is a Reuters columnist. The opinions expressed are his own. --

As odd as it sounds, concerns about the effects of a euro zone sovereign crisis on Europe's still poorly capitalized banks may prove to be the tipping point that leads to a swifter bailout of Greece.

from MacroScope:

Political economy and the euro

February 8, 2010

The reality of  'political economy'  is something that irritates many economists -- the "purists", if you like. The political element is impossible to model;  it often flies in the face of  textbook economics;  and democratic decision-making and backroom horse trading can be notoriously difficult to predict and painfully slow.  And political economy is all pervasive in 2010 -- Barack Obama's proposals to rein in the banks is rooted in public outrage; reading China's monetary and currency policies is like Kremlinology; capital curbs being introduced in Brazil and elsewhere aim to prevent market overshoot; and British budgetary policies are becoming the political football ahead of this spring's UK election. The list is long, the outcomes uncertain, the market risk high.

from Global News Journal:

Does Greece really deserve such a market pummelling?

February 3, 2010

So there's no question Greece has work to do to improve its bookkeeping.

Not only must it get spending in check,  but it needs to be a bit more honest about where its finances stand in the first place. After all, it's not often an EU country says one month that its budget deficit is a little over three percent of GDP and admits a few weeks later that, oh dear, it's actually nearer 13 percent.

from MacroScope:

The euro gets a warning shot of Greek fire

January 6, 2010

Juergen Stark , Germany's ECB executive board member, is well known as a true believer in tight fiscal discipline, so his reported comments in Italy's Il Sole 24 Ore about not bailing Greece out of its financial difficulties are not out of character. But the market reaction must have at least given pause for thought to EU leaders wondering how far to go in coddling their wayward child.