maandag, februari 15, 2010
Speculation on the demise of the euro
ith the euro under siege, some economists are arguing for radical solutions, like splitting the currency in two.Can the euro fall after all? Until recently, the scenario seemed unthinkable, but now that the European monetary union is falling apart at the seams, it suddenly seems realistic. Only 11 years after it was introduced to the financial markets, the currency has become the plaything of currency traders.
Read more >> | nrc.nl - International - Europe - Speculation on the demise of the euro
Labels: EU Policy, Euro zone, European Union, Financial Policy
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The Greek Crisis and Beyond
s euro-zone leaders face growing uncertainty in financial markets about the public finances of Greece and other member countries, their statements, albeit somewhat vague, underscore a much larger story – one that will force firms and investors to question their assumptions about Europe’s economic, financial, and political environment.Let’s first dispense with a powerful emerging myth. Greece’s troubles have encouraged some to wonder aloud if the euro zone can survive its growing internal imbalances. But such doubts ignore the political and cultural factors that buttress a deep European commitment to preserve the monetary union.
By Ian Bremmer
Read more >> | The Greek Crisis and Beyond - Project Syndicate
See also >> | Q&A With Ian Bremmer on State Capitalism - Foreign Affairs
See also >> | The Guardian
Recommended >> |
Labels: Euro zone, European Union, Financial Policy
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vrijdag, februari 12, 2010
EU leaders unified in eurozone's defence
reece told that any future financial aid would be conditional on economic reformEuropean Union leaders emerged from their summit in Brussels today asserting the unity of the eurozone, having told Greece that any future financial aid would be conditional on implementing budget cuts and economic reform.
The government leaders agreed to task their finance ministers with drawing up detailed plans of how financial support might be provided, in the event that Greece asks for it.
Read more >> | EU leaders unified in eurozone's defence | Policies | Economics | Management | European Voice
Labels: Euro zone, European Council, European Union
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dinsdag, februari 09, 2010
Ex-Lehman trader says EU should crack down on big banks
nstead of addressing fundamental issues like the role of finance, politicians seem stuck in assuaging public anger, argues Sony Kapoor, a financial adviser to the EU and ex-Lehman Brothers derivates trader, in an interview with EurActiv.Kapoor, whose think-tank Re-Define has been consulted by the European Parliament and the European Commission on financial regulation, says world leaders have so far shown a lack of vision in reshaping the post-crisis financial system, arguing that it will be up to the EU's competition authorities to clean up.
Outside Brussels, national leaders are missing the bigger picture, says Kapoor, though some have come up with "politically palatable" proposals.
Read more >> | EurActive
Labels: European Union, Financial Policy
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Europe loses seat at top table
n Washington they're not sure who's in charge. In Brussels they're squabbling. Ian Traynor reports on the EU's crisis of confidenceRead more >> | The Guardian
See also >> | Tough snub - ECFR
Labels: European Union, Foreign Policy, United States
- posted by DD @ 10:28 a.m. Perma Link/Print (0) comments
zondag, februari 07, 2010
Martens: 'Sarkozy blocked Juncker as EU president'
ilfried Martens, the chair of the largest European party, sheds light on the secretive appointment of ‘European president’ Herman Van Rompuy.Wilfried Martens (73) is a powerful man in Brussels. As the chair of the European People’s Party, Europe’s largest political party and the former prime minister of Belgium, he played an important behind-the-scenes role in the appointment of his compatriot Herman Van Rompuy to the newly created office of permanent president of the European Council.
Read more >> | nrc.nl - International - Europe - Martens: 'Sarkozy blocked Juncker as EU president'
Labels: European President, European Union
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vrijdag, februari 05, 2010
Investors Fear Europe’s Woes May Extend Global Slump
ust as America’s recession begins to ebb, trouble is brewing in Europe that may prolong a downturn on the Continent and ricochet through the global economy as it struggles toward a recovery.Read more >> | The New York Times
Labels: Euro zone, European Union, Financial Policy
- posted by DD @ 11:35 a.m. Perma Link/Print (0) comments
Crumbling Europe?
he worry du jour is the Iberian peninsula — Spain and Portugal. Greece is at least temporarily set aside. Watch for Ireland and Italy to join the list at some point.The euro block may be solid at the core — France, Germany, the Netherlands — but it is vulnerable at the fringes. These countries are facing huge budget deficits and the difficulty of competing economically without devaluing their currency. If they had not joined the euro, the devaluations would have taken place some time ago. Now they cannot.
Read more >> | The New York Times
Labels: Euro zone, European Union
- posted by DD @ 11:31 a.m. Perma Link/Print (0) comments
woensdag, februari 03, 2010
US blames Lisbon Treaty for EU summit fiasco
he US State Department has said that President Barack Obama's decision not to come to an EU summit in Madrid in May is partly due to confusion arising from the Lisbon Treaty.State department spokesman Philip J. Crowley told press in Washington on Tuesday (2 February) that the treaty has made it unclear who the US leader should meet and when.
"Up until recently, they [summits] would occur on six-month intervals, as I recall, with one meeting in Europe and one meeting here. And that was part of – the foundation of that was the rotating presidency within the EU. Now you have a new structure regarding not only the rotating EU presidency, you've got an EU Council president, you've got a European Commission president," he said.
Read more >> | EUobserver / US blames Lisbon Treaty for EU summit fiasco
Labels: European Union, Foreign Policy, United States
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No US-EU summit in May
S dashes Spanish plans for Madrid summit this spring.The US government has confirmed that President Barack Obama will not meet EU leaders in Madrid this spring as planned by Spain, the current holder of the EU's rotating presidency.
Philip Gordon, the assistant secretary of state in charge of relations with Europe, told reporters in Washington yesterday (1 February) that Obama “never had on his schedule a trip for a spring US-EU summit” and that a summit in Spain “was not on his agenda in the first place”.
Read more >> | No US-EU summit in May | Policies | Foreign affairs | Americas | European Voice
Labels: European Union, Foreign Policy, United States
- posted by DD @ 12:24 a.m. Perma Link/Print (0) comments
maandag, februari 01, 2010
Debating Defense
dozen international think tanks are organizing a worldwide on-line debate, to be held from February 4-9, in association with NATO, the European Commission, and several governments. The debate will be open not just to defense experts, but also to non-governmental organizations, development specialists, and anyone with views on where global security thinking should be headed.The five-day Internet debate will include 10 topics, ranging from human rights to piracy, from crisis preparedness to climate change, and from development to conflict prevention. Discussion will be sparked by on-line appearances by top military, political, and civil-society leaders, who will debate with participants. Anyone interested in taking part can log on from anywhere in the world to pose questions or comment on what is being said, but they need first to sign up at www.securityjam.org.
Read more >> | Project Syndicate - Debating Defense
Posted using ShareThis
Labels: EU Policy, European Union, Foreign Policy, NATO
- posted by DD @ 11:35 p.m. Perma Link/Print (0) comments
Trouble in the Euro Zone
he real action at Davos, I am continually assured, lies in the casual behind-the-scenes meetings. But for those of us not wealthy or famous enough to fly to Switzerland, what Davos means is the large public meetings where wealthy and powerful people get together to make lengthy but uncontroversial statements about the problems facing our little globe. It’s the spoken equivalent of “We Are the World.”Read more >> | Trouble in the Euro Zone - The Atlantic
Labels: Davos, Euro zone, European Union
- posted by DD @ 8:04 p.m. Perma Link/Print (0) comments
donderdag, januari 21, 2010
Sarkozy’s Three-Way NATO Bet
rance’s return to NATO’s integrated military structure after a 43-year absence last year brought to an end one of the exceptions françaises. It also helped frame the growing debate over whether to develop European defense more effectively or to seriously reform the Atlantic alliance.At first glance, it may seem that France chose NATO at the expense of the ten-year-old European Security and Defense Policy (ESDP). But that interpretation takes too pessimistic a view of ESDP’s achievements over the past decade, and is based on a flawed understanding of the relationships between NATO and the European Union.
By Camille Grand
Read more >> | Project Syndicate - Sarkozy’s Three-Way NATO Bet
Labels: European Union, France, NATO
- posted by DD @ 3:03 p.m. Perma Link/Print (0) comments
UN fudges Copenhagen Accord deadline
s the European Union tussles over which carbon reduction figures to inscribe in the annexes of the controversial Copenhagen Accord produced in the dying hours of December's climate summit, the UN's climate change chief has warned that few countries, including the major emitters, have so far signed up with their own emission reduction plans.Whether the European bloc signs up with a commitment of 20 percent, 25 percent or 30 percent CO2 cut, it is likely become one of the few powers that respond to the accord in time.
Read more >> | EUobserver / UN fudges Copenhagen Accord deadline
Labels: Climate Change, Copenhagen, European Union, United Nations
- posted by DD @ 12:12 p.m. Perma Link/Print (0) comments
Zapatero sets out economic vision
pain's prime minister sees special role for electric cars in Europe's economic growth over the next decade.José Luis Rodríguez Zapatero, Spain's prime minister, today suggested that energy, technology and education and electric cars should serve as the cornerstones for economic growth in Europe over the next decade.
Presenting his economic vision to the European Parliament on Wednesday (20 January), Zapatero, whose government currently holds the EU's rotating presidency, also called for a new “social pact” between trade unions and companies to help ensure social stability.
Read more >> | Zapatero sets out economic vision | Policies | Economics | Management | European Voice
Labels: Economy, European Parliament, European Union, Spain
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woensdag, januari 20, 2010
Kroes sails through second parliamentary screening
eelie Kroes has managed to convince MEPs that she is up to the job of commissioner for the EU's 'Digital Agenda', according to MEPs who had the opportunity to quiz the Dutch candidate for a second time.Read more >> | EurActiv
Labels: European Commission, European Parliament, European Union, Kroes
- posted by DD @ 9:12 a.m. Perma Link/Print (0) comments
dinsdag, januari 19, 2010
The European grill
very EU presidency, however carefully planned, always comes up against an unexpected crisis that puts its real capacity for active response to the test. As the Spanish presidency begins, Haiti has become the first test case of the EU's capacity for coordinated foreign policy action.As opposed to the bureaucratic and technical squabbles that have dominated discussion in recent months, we now have a real opportunity to see how coordination is going to work between the stable presidency and the rotational one. At the immediate subpresidential level, on the one side we have Lady Ashton and the Belgian Karel de Gucht; on the other, the Spanish Deputy Prime Minister María Teresa Fernández de la Vega and the secretary of state for cooperation, Soraya Rodríguez.
Read more >> | The European Council on Foreign Relations | The European grill
Labels: European Commission, European Union, Foreign Policy, Haïti
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maandag, januari 18, 2010
EU divided over jump to 30% cut in CO2
uropean Union member states are divided over the bloc's pledge to raise its CO2 commitment up to a 30 percent cut by 2020 in the wake of the Copenhagen UN climate summit debacle.Environment ministers from across the bloc over the weekend met in Seville, Spain, to assess the reasons for the failure in the Danish capital in December and to map out the EU's next moves.
Read more >> | EUobserver / EU states divided over jump to 30% cut in CO2
Labels: Climate Change, Copenhagen, European Union
- posted by DD @ 11:58 a.m. Perma Link/Print (0) comments
vrijdag, januari 15, 2010
Kroes off her game
utch candidate for the European Commission's digital portfolio fails to live up to her reputation.Neelie Kroes went into her hearings for a second term as European commissioner with a handicap that other re-nominees did not have. By the end, the effect of the handicap was all too evident.
Read more >> | Kroes off her game | Policies | EU governance | Commission | European Voice
Labels: EU Policy, European Commission, European Union, Kroes
- posted by DD @ 9:51 a.m. Perma Link/Print (0) comments
woensdag, januari 13, 2010
EU wants reform of UN climate talks
tructure of UN talks needs changing and US needs to be ‘much more' engaged, EU presidency says.The Spanish EU presidency said today that the United Nations must reform the way it conducts climate negotiations, if it is to avoid a repeat of last month's disappointment at Copenhagen.
Read more >> | EU wants reform of UN climate talks | Policies | Climate change | Policies | European Voice
Labels: Climate Change, Copenhagen, European Union
- posted by DD @ 6:04 p.m. Perma Link/Print (0) comments
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