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Articles on European Union (EU)

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Syriza leader Alexis Tsipras would like to seek Greece withdraw from the Eurozone. EPA/Simela Pantzartzi

Is the end of austerity the end for Europe?

Ten days ago, the political landscape in Europe changed profoundly. Greece voted in the main to elect parties from the far right and far left who are opposed to austerity, and France elected a socialist…
This presidency has not even an hour for a honeymoon period. EPA Guillaume Horcajuelo

No more Mr Normal: Francois Hollande must change his style

So what of the winner of the recent presidential elections on 6 May in France? Francois Hollande celebrated his victory in his adopted local region, Tulle, not in flashy Paris. Hollande claims to want…
Socialist candidate Francois Hollande’s win in the first round of the French election signals more than “crazy” ideas; but a refashioning of political purpose that extends beyond French borders. AAP

Rather than politics of conceit, French elections signal waning faith in market forces

The seismic forces propelling the socialist contender to the Elysee Palace have been caustically dismissed by Bret Stephens, a prominent columnist for the Wall Street Journal, as the result of the conceited…
Protests rocked Athens as Greek legislators voted to accept a tough austerity package. So what now for the Greek people? AAP

Austerity in, Euro out – is this Greece’s future?

As Greek politicians approved a tough austerity package amid fierce protests, one question dominates: is an orderly exit from the Eurozone available for Greece? And just what might be the consequences…
Eurozone countries must toe the fiscal line, or face the consequences under a new treaty signed this week. AAP

Fiscal miscreants to face sanctions, as Greek deal teeters

Europe this week has voted for tough new fiscal rules aimed at reining in high deficits, as world economic leaders continue to grapple with solving the sovereign debt crisis. But not all measures have…
Partial boycotts don’t work; it’s too easy to secure new buyers and sellers. AAP

Half-hearted Iran embargo won’t push up oil prices

The European Union (EU) voted last week to ban oil imports from Iran. The EU will immediately ban the signing of any new oil contracts with Iran, while the existing ones will be fulfilled up to 1 July…
A proposed EU oil embargo may push Iranian President Mahmoud Amadinejad closer to China and Venezuela. AAP

An EU oil embargo is unlikely to curtail Iran’s nuclear ambitions

Last week the European Union indicated that it is likely to enact an oil embargo on Iran. The move is aimed at damaging Iran’s crucial oil export business enough so the country’s regime curtails its nuclear…
British Prime Minister David Cameron can’t escape domestic politics when it comes to Europe. EPA/Olivier Hoslet

Euroscepticism at home ties Cameron’s hands in Europe

British Prime Minister David Cameron’s decision to veto the new European Union agreement for greater financial stability in the Eurozone reminds us that despite the talk of greater European integration…
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…

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