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How Greece Could Change the Future of Europe

Weisbrot, M. (2015) “How Greece Could Change the Future of Europe“, Vice News, Opinion & Analysis, 28 Ιανουαρίου.   The Syriza party’s big win in Greece’s legislative election last weekend is a turning point in the long political fight over Europe’s botched recovery from the financial crisis and world recession of 2008-2009. The occasion presents a milestone for the eurozone, which has been plagued by mass unemployment and economic stagnation, …Read More

Why Europe Will Cave to Greece

Crook, C. (2015) “Why Europe Will Cave to Greece“, Bloomberg View, 28 Ιανουαρίου.   A prediction for you: Greece and the European Union will split the difference in their quarrel over debt relief. What’s uncertain is how their respective governments will justify the new deal, and how much damage they’ll inflict on each other before accepting the inevitable. EU governments, with Germany in the lead, are saying that debt writedowns …Read More

Syriza, Le Pen and the Power of Big Ideas

Bershidsky, L. (2015) “Syriza, Le Pen and the Power of Big Ideas“, BloombergView, 26 Ιανουαρίου.   It may seem ironic that Marine Le Pen, the leader of France’s extreme right Front National, rooted for the extreme left Syriza in yesterday’s Greek election and rejoiced at its landslide victory. Yet there’s nothing unusual about it: Syriza, Front National and other European anti-establishment parties are partners in a political revolution that appears to be about to …Read More

Tsipras And Syriza’s Win Reboots European Social Democracy

Gow, D. (2015) “Tsipras And Syriza’s Win Reboots European Social Democracy“, Social Europe Journal, 26 Ιανουαρίου.   The “vicious circle of austerity is over,” said Alexis Tsipras, Syriza leader and Greece’s likely new premier, after his party won a stunning victory in yesterday’s general election. It would be replaced, he added, by “a politics of hope, solidarity and co-operation.” He and his senior colleagues say this is true for the …Read More

The return of the German question: why conflict between creditor and debtor states is now the defining feature of European politics

Kudnani, H. (2015) “The return of the German question: why conflict between creditor and debtor states is now the defining feature of European politics“, LSE EUROPP, 26 Ιανουαρίου.   One of the key geopolitical issues in Europe prior to the Second World War was how the power of Germany could be effectively balanced by other European states. Hans Kundnani assesses the relevance of these historical debates to the current situation …Read More

The ECB’s bond-purchase dilemma – German opposition to government-bond purchases by the European Central Bank is solidifying ahead of the programme’s likely announcement

Wolff, Β. G., Fratzscher, M. & Hüther, M. (2015) “The ECB’s bond-purchase dilemma – German opposition to government-bond purchases by the European Central Bank is solidifying ahead of the programme’s likely announcement“, Bruegel Institute, 21 Ιανουαρίου.   German opposition to government-bond purchases by the European Central Bank is solidifying ahead of the programme’s likely announcement on January 22. Elections in Greece that could bring a government that will seek to …Read More

‘More Europe’ in 2015? For the EU, relevance on the world stage starts with common economic and security policies

Crowley, M. (2015) ‘More Europe’ in 2015? For the EU, relevance on the world stage starts with common economic and security policies, US News and World Report, 21 Ιανουαρίου.   The new year brought news that in the third quarter of 2014 the United States experienced its strongest annual growth – five percent – since 2003. Meanwhile, the European Union stagnates, managing only a 0.2 percent growth rate for the …Read More

The European Union, Nationalism and the Crisis of Europe

Friedman, G. (2015) “The European Union, Nationalism and the Crisis of Europe“, STRATFOR, 20 Ιανουαρίου.   Last week, I wrote about the crisis of Islamic radicalism and the problem of European nationalism. This week’s events give me the opportunity to address the question of European nationalism again, this time from the standpoint of the European Union and the European Central Bank, using a term that only an economist could invent: …Read More

We should be wary of removing the ECB from the troika to facilitate the use of outright monetary transactions

Otero Iglesias, Μ. (2015) “We should be wary of removing the ECB from the troika to facilitate the use of outright monetary transactions“, LSE EUROPP, 19 Ιανουαρίου.   A key legal debate in the context of the Eurozone crisis is whether so called ‘Outright Monetary Transactions’(OMT), which would allow the European Central Bank (ECB) to buy unlimited numbers of government bonds in secondary markets, are compatible with European law. The …Read More

The fragmentation of power is irreversible

Conversation by Martin Eiermann with Parag Khanna: “The fragmentation of power is irreversible”, The European Magazine, 16 Ιανουαρίου 2015.   The end of the nation-state as we know it: Parag Khanna discusses the path towards global connectivity and why we have to shift from Western history to global history. The European: Mr. Khanna, especially in Europe, we’re witnessing a resurgence of regionalist or nationalist thinking that seems to cast doubt …Read More