The Great Debate UK

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.

from Commentaries:

A camel for EU president?

By Paul Taylor
November 12, 2009

camelsA camel, says an old Middle East joke, is a horse designed by a committee.

The European Union is in danger of getting camels for its two new leadership positions -- president of the European Council and foreign policy High Representative -- because of the dysfunctional appointment process created by the Lisbon Treaty.

from Breakingviews:

EU looks lonely on climate high ground

By Paul Taylor
November 2, 2009

icebergNegotiations to save the planet from catastrophic climate change are heading for trouble, five weeks before a crucial U.N. conference in Copenhagen.

from Commentaries:

Mr Who for EU president? EU seeks anyone but Blair

By Paul Taylor
October 29, 2009

blairWho will be the first president of the European Council of EU leaders? Anyone but Tony Blair. That is the only clear message to emerge from a European Union summit, where the appointments of the EU's two new senior office-holders is not on the agenda but is on everyone's mind.

from Commentaries:

Ireland puts the EU show back on the road

By Paul Taylor
October 3, 2009

biffoThe EU show is back on the road. Sixteen months after Irish voters brought the European Union's tortured process of institutional reform to a juddering halt by voting "No" to the Lisbon treaty, the same electorate has turned out in larger numbers to say "Yes" by a two-thirds majority.

from Commentaries:

Germans vote for change; will they get it?

By Paul Taylor
September 27, 2009

angieGermans have voted for change. A centre-right government with a clear parliamentary majority will replace the ungainly grand coalition of conservatives and Social Democrats that ran Europe's biggest economy for the last four years.

from Commentaries:

Re-elected Barroso faces market challenge

By Paul Taylor
September 16, 2009

bozoJose Manuel Barroso promised the European Parliament that as re-elected president of the European Commission he will have more authority to fight for Europe and defend its single market against economic nationalism.

from Commentaries:

French PM eyes Barroso’s job?

By Paul Taylor
September 7, 2009

fillonIs France trying to stymie Jose Manuel Barroso's re-election for a second term as European Commission president?

from Commentaries:

Barroso’s EU vision lacks levers for change

By Paul Taylor
September 7, 2009

Could the European Union be among the big losers of the global financial crisis?

Despite signs that recession in Europe may be bottoming out, the 27-nation bloc risks emerging from the turmoil with its economic growth potential stunted, its public finances shackled by mountains of debt, and its international influence weakened.