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Analysis and Comment (11)

Eine kleine Bundeskanzlerin: Merkel addresses both houses of parliament. Eine kleine Bundeskanzlerin: Merkel addresses both houses of parliament. Oli Scarff/PA

She got the royal treatment, but Merkel’s not Superwoman

Angela Merkel’s visit to London could hardly have been given a bigger billing; a speech to both houses of parliament, lunch with the prime minister and then tea with the Queen. David Cameron clearly had…
“The euro has backfired: it is holding back growth and job creation; and it is dividing Europe.” “The euro has backfired: it is holding back growth and job creation; and it is dividing Europe.” Stefan Rousseau/PA

Nobel laureate: tough choices for a troubled euro

One of the most exciting things about working at the LSE is that we get to hear some of the world’s top thinkers and policymakers. One occasion that I recall vividly is the visit of two great Europeans…
China has far more to lose from too few US dollars than it does from a dollar surplus. China has far more to lose from too few US dollars than it does from a dollar surplus. Urbanartcore.eu/Flickr

US economic policy: the right settings, disastrous process

The US debt crisis is over for now, but legislators have just kicked the can down the road. In this series on the US debt ceiling, academics from Australia, the UK and the US assess the lingering global…
Alexis Tsipras will lead Syriza to the polls on June 17. Alexis Tsipras will lead Syriza to the polls on June 17. EPA/Orestis Panagiotou

Greek elections: the heart of contradiction

To free the age from its captivity, To create a brand new world, The discordant, tangled days Must be linked, as with a flute. –Osip Mandelstam, The Age (1923) There is an air of impending disaster in…
German chancellor Angela Merkel and France’s new President Francois Hollande meet to discuss Europe’s economic woes. German chancellor Angela Merkel and France’s new President Francois Hollande meet to discuss Europe’s economic woes. EPA/Rainer Jensen

Hollande and Merkel: breaking up is hard to do

Europe is in economic dire straits and the two most powerful economies on the continent are, at least on paper, led by individuals with considerable differences. The previous French President Nicolas Sarkozy…
Economic policies – not credit ratings – will determine the future of the euro. Economic policies – not credit ratings – will determine the future of the euro. AAP

The Eurozone’s future rides on Italy’s actions, not S&P’s ratings

The decision by Standard and Poor’s to downgrade the debt of nine Eurozone countries last week, followed by the inevitable downgrade of the Eurozone rescue fund two days later, raises important questions…
Former EU commissioner Mario Monti will form government in Italy as Silvio Berlusconi exits. Former EU commissioner Mario Monti will form government in Italy as Silvio Berlusconi exits. AAP

Here come the technocrats, to save the Eurozone

Is the Eurozone about to crash and burn, leaving Club Med in its wake? Not so fast. Reports have suggested that French President Nicolas Sarkozy and German Chancellor Angela Merkel have discussed a strategic…
The Greek Prime MInister is on the way out, but the new government has a lot of work still to do. The Greek Prime MInister is on the way out, but the new government has a lot of work still to do. AFP/Aris Messinis

New PM for Greece but will a new government save the country from the debt crisis?

The Greek Prime Minister will resign in an effort to save the bailout deal agreed by the European Union to dig the country out of its debt crisis. George Papandreou agreed to go following talks with the…
Is a partial default one of the steps to recovery for Greece? Is a partial default one of the steps to recovery for Greece? AAP

Defend or default? It’s the three trillion euro question

Will Greece default and exit the Eurozone? The best-case scenario is a managed, orderly, partial default with the European Financial Stability Facility (EFSF), a fund created in 2010 to manage Eurozone…
Greeks protest the austerity measures put in place during the ongoing debt crisis. Greeks protest the austerity measures put in place during the ongoing debt crisis. AAP

Hey buddy, can you spare a paradigm? European politics and bankruptcy

Europe is in crisis once again and this time it is deadly serious. At stake is not only the survival of the European currency, but also of the entire integration project. Collapse of the Euro could trigger…
The only way out of this crisis is to dishonour some of the debt that is weighing down the global economy. The only way out of this crisis is to dishonour some of the debt that is weighing down the global economy. AAP

Ireland, Greece … France? Accepting default is Europe’s only option

The dramatic falls in share prices of Greek debt-laden French banks overnight highlights just how closely tied the current market chaos is to the world’s worsening debt woes. Market crashes like that of…