European leaders have consistently claimed that their anti-contagion measures would protect the rest of the eurozone from a Greek exit. This looks like pure propaganda.
Marianna Fotaki, Warwick Business School, University of Warwick
The snap election called in Greece for January 25 has renewed speculation about the country’s uncertain future as left-of-centre Syriza looks likely to capitalise on the unprecedented unpopularity of the…
The European Central Bank (ECB) has announced the results of “stress tests”, which assess whether or not banks will fail, or require a taxpayer-funded bailout, if the economy were to turn sour. 130 banks…
In the eye of the beholders, dollar dominance rules.
http://www.welovecostarica.com/watching/
In imploring the world to be less dependent on the US dollar for international transactions, French finance minister Michel Sapin is expressing a wish that many of the euro’s creators hoped would already…
Europe’s economies are still stuck in the mud.
EPA
What do the latest growth figures teach us about Europe? First, the overall growth performance of the European Union is worse and more fragmented than expected. GDP in vulnerable countries such as Greece…
Eine kleine Bundeskanzlerin: Merkel addresses both houses of parliament.
Oli Scarff/PA
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.”
Stefan Rousseau/PA
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.
Urbanartcore.eu/Flickr
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.
EPA/Orestis Panagiotou
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.
EPA/Rainer Jensen
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.
AAP
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…