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Articles on European Union (EU)

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Looming large: the ECB headquarters in Frankfurt, Germany. Noppasin/Shutterstock

As its power grows, is the ECB overstepping its mandate?

The European Central Bank (ECB) symbolises the strange mix of politics and technocracy that marks EU governance. The bank was pushed to centre stage by the eurozone debt crisis and the unwillingness or…
Newly appointed Finance Minister Yannis Varoufakis arrives at the Presidential Palace to be sworn-in under Greece’s new government. Yannis Kolesidis/EPA/AAP

Yanis Varoufakis: from accidental economist to finance minister

Since 2009, the economic situation of Greece has helped expose the architecture and policy regime problems of the European Union and the eurozone. On Sunday the Greek electorate rebelled against the self-defeating…
Churchill was anything but a eurosceptic. John Stillwell/PA Archive/Press Association Images

What Churchill really thought about Britain’s place in Europe

Winston Churchill’s role in fostering European unity is beyond dispute in Brussels. The European Union’s website lists Churchill as one of 11 founding fathers of the organisation. In Strasbourg, the European…
The Greek Harry Potter? Sotiris Barbarousis/EPA

Explainer: why the Greek election is so important

This Greek election is the most important in recent memory. It appears Syriza has won by a large margin, ending four decades of two-party rule in Greece. Since 2010 – and as a result of austerity measures…
German concerns about the European Central Bank’s impending quantitative easing program might be misplaced. AAP/EPA/Maurizio Gambarini

As Eurozone squares up to quantitative easing, are fears justified?

The European Central Bank is due to decide whether and how to undertake quantitative easing (QE) via large-scale purchases of government debt on secondary markets. For Germany - as the Eurozone’s largest…
Will Mario Draghi, president of the European Central Bank, continue with its disastrous policy history? EPA/Boris Roessler

ECB is about to implement the wrong type of quantitative easing

As investors anxiously await the announcement from the European Central Bank about whether the eurozone will implement quantitative easing (QE), we can tell from the ECB’s track record that it is very…
A harbinger of things to come? VP Joe BIden up close and personal with Brazil’s President Rousseff Ricardo Moraes/Reuters

Around the world in 2015: the big stories predicted

The New Year always provides an opportunity for both introspection and speculation. So it seems a good time to consider what the big stories are likely to be this year. Some of the five major stories I…
Commemorating the dead of the revolution. Radu Sigheti/Reuters

Romania’s revolution: 25 years on

25 years after the beginning of the Romanian Revolution. I am standing in the University Plaza in Bucharest. My memory is channeling echoes of gun shots and student resistance; the smell of perspiration…
You’ve missed a bit. EPA/Koca Sulejmanovic

End of the line for Russia’s South Stream pipe dream?

After seven years of planning, the South Stream pipeline that would carry gas from Russia to Europe via Bulgaria has been cancelled. After a long-running battle with the EU over the need for the pipeline…
Time for an unbundling? Mark Knol

Google and Europe come to blows, but will they break up?

Google’s operations in Europe have come under fire recently, with the UK proposing new corporate tax reforms that are being dubbed a “Google tax” for targeting the multi-national. And this follows hot…
This crowd wants their president out David W Cerny/Reuters

Prague’s velvet: wearing off 25 years later

The United States had just gone through a bruising election, but in Congress Democratic and Republican leaders gathered to unveil the bust of Vaclav Havel, the playwright and first post-Communist Czech…
Problem solved. Jin Thai

Rubik’s Cube trademark puzzle solved by EU court

The Rubik’s Cube has confounded millions of people, including myself since discovering it in my uncle’s house as a child. And now the iconic three-dimensional puzzle has been the subject of an EU ruling…
Help needed. ilolab via Shutterstock

The eurozone needs a new treasury to revive it

The crisis of growth in the eurozone economy is now in its seventh year and the outlook is truly grim. But a new consensus is gradually emerging that could help lift euro countries out of this ongoing…

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