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Articles on European Union (EU)

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Despite happy appearances, the two leaders disagree the way out of the Eurozone crisis. AAP

A make-or-break week: Can Sarkozy and Merkel save the euro?

What could be a decisive week for Europe and its common currency has begun, with the announcement of a package of fiscal austerity measures in Italy. Markets, European partners, and – perhaps above all…
Mussolini made the trains run on time. But having a strong leader is risky. Flickr/Galaxy FM

Forget politicians - be a dictator for a day and get the job done

“If I Ruled The World” was a tune made famous decades ago by English comedian and singer Harry Secombe who sang of making every day the first day of spring as well as other miraculous improvements. It…
Angela Merkel and Nicolas Sarkozy must take drastic steps to maintain the legitimacy of EU institutions. AAP

It’s time for Europe to show some courage

The European Union is in crisis – yet again. If you enter “Europe in crisis” into Google, more than 655 million entries pop up. Europe’s current problems are being described as a Euro crisis – it is a…
Berlusconi’s resignation is one step towards solving Italy’s debt crisis – but many more are needed. AAP

Berlusconi’s going, but there’s no Silvio bullet for Italy’s debt

Italy’s sovereign debt crisis has been overshadowed by Prime Minister Silvio Berlusconi’s reluctant promise to resign after the country’s parliament made clear he no longer commanded a majority. Italy…
The first free elections borne from the Arab Spring were held in Tunisia. Over 90% of registered adults voted. EPA/Zacarias Garcia

Tunisian hope and Greek despair: A week in the life of democracy

It has been a tumultuous week in the life and times of democracy in the Mediterranean. Seven days punctuated by joyous hope and its ugly opposite, sullen despair. The promising news came from Tunisia…
15-M started in Spain, but it has sparked protests around the globe. EPA/Jesus Diges

15-M back on Spain’s streets as protest goes global

This weekend Spain will see the return of its “revolution”. Those involved in the 15-M movement will once again take to the streets en masse to demand urgent reforms. Under the motto “united for a global…
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. 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…
Silvio Berlusconi has blamed international economic conditions for Italy’s worsening crisis. AAP

As Italy’s debt crisis deepens, is Berlusconi turning a blind eye?

Italian Prime Minister Silvio Berlusconi’s reassurance to his parliamentary colleagues during a speech on Wednesday did little allay about fears of a crisis in Eurozone’s third-biggest economy. The Italian…
The lawyer for the self-confessed Norway killer, Anders Breivik will enter a plea of insanity AFP photo/Facebook - Youtube.

The lone mad man? Breivik’s lunacy label stops vital questions

Societies, if we are to take the Freudian line, prefer to subordinate chaotic urges in favour of dull order. Civilization implies stability. By the nineteenth century, human society was digesting a range…
Nicolas Sarkozy, Christine Lagarde and Angela Merkel share a joke at Thursday’s Greece bailout talks. AAP

Greece is safe for now; but could Italy push Europe over the edge?

European leaders signed off on a second, 109 billion euro bailout for Greece overnight, while also establishing what has been described as an “infant monetary fund” to intervene if the bloc’s sovereign…
Thursday’s make-or-break EU finance ministers meeting looks set to be a highly charged affair. AAP

Greece can’t be quarantined, so Europe will keep on giving it medicine

As Margaret Thatcher’s trade minister in the 1980s, Norman Tebbit devoted much of his time to dealing with the European Community – the precursor to the European Union. Routinely, at meetings in Brussels…
Can the IMF’s new head, Christine Lagarde restore much-needed confidence in the euro? AAP

Will Christine Lagarde break the mould at the IMF?

Quelle surprise. French finance minister Christine Lagarde has been announced as the new managing director of the IMF, succeeding the beleaguered Dominique Strauss-Kahn. Like Strauss-Khan (known as ‘DSK…

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