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Huge Greece bail-out deal agreed

from BBC News | Europe | World Edition
Eurozone members and the IMF agree an historic 110bn-euro ($146bn) bail-out to rescue Greece’s ailing economy.

Greece’s debt crisis strains European unity

from washingtonpost.com – Op-Ed Columns by David Ignatius
When European leaders laid the foundations of the European Union with the 1957 Treaty of Rome, they spoke optimistically of an “ever-closer union,” a “pooling” of resources and “concerted action” to bring the diverse nations together.

Greeks reel at prospect of IMF shock therapy

from Hurriyet Dailynews
The Greek people will take an increasingly hard line against the spartan economic clampdown the government is about to unleash.

Burqa ban finally gives Belgians something to agree on

from FP Passport by Joshua Keating

Greece: 110,000 million Euro & smiling faces

by Julien Frisch

Diplomatically spoken: I took note of the Eurogroup statement issued Sunday evening.

I don’t want to talk about the decision itself, it’s big enough for the traditional media to notice, so why spend a blog post on the matter? Just wanted to leave a little comment regarding EU communication:

Muted reaction to Greece bail-out

from BBC News | Europe | World Edition
European markets give a muted reaction to the bail-out package aimed at rescuing Greece’s embattled economy.

Greece secures bailout from Europe and IMF

from Wash Post Europe by Anthony Faiola and Peter Whoriskey

LONDON — Greece on Sunday announced a long-awaited deal with the European Union and International Monetary Fund for a $145 billion financial rescue, an unprecedented package aimed at preventing a far broader debt crisis from engulfing other nations in Europe.

Athens accedes to austerity plan

from FT.com – World, Europe

Greece accepted yesterday a harsh three-year austerity programme in return for a multi-billion euro loan from the European Union and International Monetary Fund aimed…

MAIN FOCUS: Greece’s salvation draws nearer | 03/05/2010

from euro|topics

The finance ministers of the 16 countries of the Eurozone on Sunday agreed to make 80 billion euros available to Greece. The International Monetary Fund is to forward a further 30 billion. Some commentators see the agreement as further proof of the strength of the euro countries. Others fear the cost will be too high and call for reliable mechanisms to prevent such crises in future.

British elections could deliver a blow to two-party rule

from Wash Post Europe by Anthony Faiola and Dan Balz

LONDON — British voters appear set to usher in the most divided parliament in generations, potentially ending the two-party dominance that has defined modern Britain and challenging the ability of the next government to tackle a financial hole that rivals the one in Greece.

EU criminal justice: European evidence warrant and beyond

by Grahnlaw

One of the main aims of the European Union is to offer its citizens an area of freedom, security and justice (FSJ) without internal frontiers.

Theories abound on Polish president’s death

from FT.com – World, Europe
Investigators are poring over the black boxes of the airliner that crashed on April 10 killing Lech Kaczynski but the accident is gaining mythic status in Poland

Lavrov’s visions for the Greater Europe

by Julien Frisch

Russian foreign minister Sergey Lavrov has been speaking in front of the Parliamentary Assembly of the Council of Europe today, laying out Russia’s visions for the European political and security architecture.

Paul Krugman on the Possibility of a Euro Breakup

from Social Europe Journal by Henning Meyer

The Greek tragedy is reaching a tipping point. Yesterday, we published an open letter written by a group of economists making the case for a European solution. After the Berlin meeting, it has become clear that Angela Merkel intends to stick to her position and won?t be pushed into quick action. Given the dramatic pace with which this crisis is now pushing Greece towards default, this might well mean help ? if and when it comes ? will be too little too late.

The Shape of Europe’s Future, Ivan Krastev

from open Democracy News Analysis – by Ivan Krastev

?Asking who won a given war,? wrote Kenneth Waltz in his classic work ?Man, the State and War? is like asking who won the San Francisco earthquake?. Twentieth century wars were so horrible and destructive that now we have all learned that in wars there is no victory, only varying degrees of defeat. This is the rule. But, as with any other rule, there are exceptions.  Here the exceptions are little wars. They cause minor casualties and inspire great emotions, thus bringing an illusion of victory. The Russo-Georgia war of August 2008 was just such a little war. It lasted merely five days, but it succeeded in shattering the belief of Europeans that war in the old continent had become a thing of the past. It not only re-drew the state borders in the Caucasus, it changed the terms of Europe?s security debate.

Election time: asylum seekers lose their last safety net, Clare Sambrook

from open Democracy News Analysis – by Clare Sambrook

When terrified men, women and children are being shunted off to countries where they face real and imminent risk of rape, torture, genital mutilation or death, an MP?s urgent appeal to government may tip the balance, stalling removal directions, making time to get legal advice.

But not during a general election campaign, when MPs lose their right to represent constituents’ grievances. ?We will not be able to respond to former MPs, or prospective parliamentary candidates on individual cases,? says the UK Border Agency, ?unless there is a signed letter of authority from the individual they are representing.?

Alternative to the ECB

from A Fistful Of Euros » A Fistful Of Euros by Doug Merrill

A.K.A. The Bundesbank

Just a quick note for Matthew Yglesias and the three of our readers who read both his blog and ours.

He?s rightly exercised about Greece and its implications for the eurozone. The positions of the ECB and the anti-inflationary approach of the ECB come in for particular criticism. He writes,

European arrest warrant: EU & UK

by Grahnlaw

In the report Justice issues in Europe, the UK House of Commons Justice Committee discusses matters relevant to the development of the European Union?s area of freedom, security and justice (FSJ).

This timely report is interesting both generally and from a British point of view.

In this blog post we look at the European arrest warrant.

Rewriting the map of Europe

by Edward Lucas


This lighthearted piece has proved surprisingly popular–largely I think thanks to the brilliant Economist cartographer who made this map

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