Euro roundup: European Digital Agenda etc

http://www.diskursdisko.de/2010/04/juan-leguizamon-nautische-geschichten/ http://www.behance.net/jflegui found in  Juan F. Leguizamon ******************* Improving EU economic governance: Impressive Herman Van Rompuy by Grahnlaw Winston Churchill is said to have quipped that the Labour leader Clement Attlee was a man who had much to be modest about. At (s)election time British tabloids, which pray at the shrine of John Bull, were … Read more

Euro roundup: British elections aftermath, Project Europe 2030, ?500 bill,European financial stabilisation mechanism and more

Project Europe 2030: reflection and revival (part one), Kalypso Nicolaïdis

from open Democracy News Analysis – by Kalypso Nicolaïdis

It seems ironic that a report on the future of the European Union – Project Europe 2030: Challenges and Opportunities – is issued at the very moment when the continent?s leaders have been meeting in a desperate effort to contain the reverberations of an epic financial crisis. The flames in burning Athens, and the decisions taken in Brussels to seek to douse them, highlight both the dangers and capabilities of 21st-century Europe. But the wider context of the grave emergency in the eurozone also confirm that Europe needs much more than short-term management: it needs a larger sense of the critical choices facing it over the next generation.

Did Sarkozy threaten to pull out of the euro?

from FP Passport by Joshua Keating

Granted, this is the Guardian, quoting, El Pais, quoting anonymous sources, quoting Jose Luis Rodriguez Zapatero, quoting Nicolas Sarkozy, but it still has to raise some eybrows at the European Central Bank:

The startling threat was made at a Brussels summit of EU leaders last Friday, at which the deal to bail out Greece was agreed, according to a report in El País newspaper quoting Spanish Prime Minister José Luis Rodríguez Zapatero. Zapatero revealed details of the French threat at a closed-doors meeting of leaders from his Spanish Socialist Party on Wednesday.

Germany’s worst nightmare?

by Open Europe blog team

The Commission has today presented plans to tighten up budgetary supervision and oversight in an attempt to avoid a repeat of the current eurozone crisis in the future (i.e. making up for the obvious and fundamental flaw of the eurozone, which is that monetary union cannot exist without economic and political union). ?We want governments to send their budget outlines to Brussels for review before they are approved by their national parliaments,” EU Economic and Monetary Affairs Commissioner Olli Rehn said today. “We can then see early whether a country is adhering to the Stability and Growth Pact. If not, we would intervene.”

Report on EU?s Long-term Future says: ?Reform or Decline.?

by Reflection Cafe

May 11, 2010


With all eyes on Europe?s last-ditch efforts to save the eurozone from collapse, it is hardly surprising that a thoughtful, 46-page report on the European Union?s long-term future has gone almost completely unnoticed. But the study, commissioned by EU heads of state and government in 2007 and published last weekend, is worth taking a look at.

European financial stabilisation mechanism: Open Europe accuses: ?Profound dishonesty?

by Grahnlaw

In the 11 May 2010 post on the eurozone rescue package They Said It Wouldn?t Happen, the Open Europe Blog makes these specific allegations with regard to Article 122 TFEU:

Read more

Euro roundup: European financial stabilisation mechanism and more…

Background: European financial stabilisation mechanism

by Grahnlaw

The Council of the European Union has issued COUNCIL REGULATION (EU) No 407/2010 of 11 May 2010 establishing a European financial stabilisation mechanism; published OJEU 12.5.2010 L 118/1.

Once upon a time, I explored the stages leading towards the Lisbon Treaty, writing a number of blog posts about what became Article 122 of the Treaty on the Functioning of the European Union (TFEU).
Now that the EU member states have felt the need to shore up the common currency, it is interesting to see in which terms the provision on financial assistance was discussed at the time. In this blog post we look at the legislative history of Article 122 TFEU.

Read more

Britain’s new PM: David Cameron. A roundup

Wikipedia entry on David Cameron.

David Cameron is Britain’s new prime minister

from Wash Post Europe by Anthony Faiola and Dan Balz

LONDON — Conservative leader David Cameron walked into No. 10 Downing Street on Tuesday night as Britain’s new prime minister, ending five days of political limbo and 13 years of Labor Party rule after forging a historic coalition that spans the country’s political spectrum.

Read more

Euro roundup: Blair lures Lib-Democrats, Merkel’s headaches, Saving Greeks etc…

MAIN FOCUS: Brown lures Liberal Democrats into coalition | 11/05/2010

from euro|topics

In a surprise move British Prime Minister Gordon Brown announced on Monday his resignation as Labour Party leader, to pave the way for coalition talks with the Liberal Democrats. But Europe’s press doubts this gambit can keep Labour in power.

Read more

UK Elections aftermath roundup. A hung parliament…

After elections, UK voters ask, ‘Now what?’

from Hurriyet Dailynews
Uncertainties in the British general election remained even through the decision day as the United Kingdom woke up Friday to its first hung parliament in 36 years.

Read more

Another Euro roundup: Greek crisis, British elections, My Europe Week and even more…

Interactive Maps of the Status of Debt in Europe from EU Pundit by Andis Kaulins Take a look at this set of interactive maps in the Global Business section of the New York Times — Debt Rising in Europe. Is Large-Scale Tax Evasion One Cause of Greek Financial Problems? Their GDP Indicates the Government of … Read more

Euro roundup: Newest Greek crisis, British elections, My Europe Day

Greek strikers hit Athens streets from BBC News | Europe | World Edition Greek public sector workers storm the Acropolis and scuffle with riot police during a strike against austerity measures. Euroblogging journalist Prune Antoine wins two European young journalist awards by Julien Frisch Sometimes people who actually deserve it win prizes, and this time … Read more

Euro roundup: Saving Greece begins…

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 … Read more

Eurozone burns, British and Hungarian elections, another roundup…

well, in the end EU will take care of Greek crisis, they have to but for the moment, things getting chaotic in euroland…

Greek crisis starts hitting other eurozone countries

from EurActiv.com by frederic

Fears that a planned rescue of Greece could stall and extend the financial crisis to other euro zone countries seemed to materialise Wednesday (28 April) as rating agencies downgraded Portugal and Spain, hitting European markets.

Read more