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Brussels builds grandiose memorials to itself and the sovereign bond situation calms down in the south. Is the situation getting better? European council will have new headquarters. Planned expenses were hiked from 240 million to 327 million...
Does Europe remain focused on austerity and structural changes as its preferred strategy to deal with crisis? Most likely not. Why? On Wednesday, the European Union statistics office noted that 9 of 17 euro-zone member states are now in recession,...
The ECB cut basic rates last week to proceed with verbal interventions this week as well. Mario Draghi said that they are ready to cut interest rates again, if needed, and that they will accommodate the policy to the data that arrives from the...
A few days ago “Le Monde” leaked an official document of the French Socialist Party blaming European center-right governments of “cynicism and blind austerity”. The primary focus of the document was Chancellor Angel Merkel, whom the...
At Bratislava´s meeting, the Governing Council of the ECB rewrote the monetary history of the Eurozone. The Council decided to lower basic interest rates to 0.5 % starting from May 8th 2013. It is nothing but a confirmation that nothing was...
European Union was intended to bring peace and prosperity to Europe. Eventually, EU even received Nobel Peace Prize for it. Recently, it has not been very successful in any of the stated objectives, quite the contrary seems to be true. Economy...
European Commission President Barroso started to criticize the austerity measures that the EU has imposed mainly on the Southern European member states in economic crisis. He stated that while the policy may be “fundamentally right,”...
Commission president Barroso proclaimed recently that austerity has reached its limits. Since money doesn’t come to budgets, just like a gift from heaven, the conclusion is simple: you will have to contribute more to your governments. A Slovak...
Euro zone finance ministers backed a 10-billion euro bailout for Cyprus and the European Commission will try to help the island’s economy grow again with better use of EU structural funds. The first tranche of 10 billion euros will arrive...
For the southern European states, the crisis this summer will become as characteristic as sandy beaches, the sun, or frutti di mare for dinner. And maybe some northern neighbours will join the party too. This file is licensed under the Creative...
