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The debt crisis in the euro area

First it was the global financial crisis. Then came the debt crisis in the euro area, unleashed by Greece. A series of strong explosions followed in the eurozone - first Ireland, then Portugal and now the attention is focused on Spain and Italy. All measures, applied so far, failed to solve the problem in its roots and markets' lack of confidence that the EU would control the crisis still exercises strong pressure on the debt stricken economies.

16 March 2018 15:23 Draghi Fears a Repetition of the Same Mistake that Led to the 2008 Crisis

The European Central Bank has made a new, though much smaller, step toward tightening of its monetary policy. The Governing Council decided unanimously on March 8th to remove its easing bias regarding the size and/or length of the net assets purchases programme (APP) - one of the non-standa ...

11 December 2017 13:49 Has Greece Grown Up?

The year-end is usually time for taking stock, and the change of guard in a key euro area institution is a reason for even deeper analyses and even for a book. Not to mention the deepest euro area crisis since the introduction of the single currency. During the farewell with Eurogroup chief Jero ...

5 October 2017 13:00 Eurozone and Greece Are Preparing for Bailout Exit

A very important piece of news has passed almost unnoticed last week among crucial for the EU issues, like the situation with the rule of law in Poland, the election in Germany and what ruling coalition will be formed at a time when the eurozone is ready to make a giant leap forward in its integ ...

31 July 2017 18:55 EU Matures to the Need to Deal with Non-Performing Loans at the European Level

The European economy is recovering at a rapid pace, but its prospects still bear the legacy of the worst economic and financial crisis since the creation of the single European currency. One of the problems that the head of the European Central Bank Mario Draghi has consistently pointe ...

29 May 2017 11:07 Greece between IMF, German Elections, and the Future of the Euro Area

Disappointment flowed from the Eurogroup meeting on Monday of last week (May 22nd), when there was high expectation that an agreement with the International Monetary Fund would finally be reached on the issue of the Greek debt relief. After lengthy and painful negotiations, the meeting ended a ...

25 January 2018 12:34 Greece Is on Its Way to Reconcile Eurogroup and IMF

2018 marks a new beginning for the Eurogroup, Greece and relations with the International Monetary Fund. The first meeting of the euro area finance ministers started with a new chairman - Portugal's Finance Minister Mario Centeno. There are great expectations for a change of course under his lea ...

24 November 2017 14:58 Mario Draghi Plans and Labour Market Laughs

The highest economic growth in a decade exceeding all expectations, as described by European Commission Vice President Valdis Dombrovskis (Latvia, EPP), responsible for the euro, during the presentation of the autumn package of the European Semester on 22 November. Unemployment has dropped down ...

28 August 2017 12:02 Commission Puts on Rose Coloured Glasses to the European Semester

The European Semester for 2017 ended officially at the end of June, when the leaders of member states adopted the Commission's country-specific recommendations. What are the lessons of this year's exercise? The semester was created at the peak of the financial and economic crisis to tr ...

24 July 2017 16:39 From Sintra to September - ECB Prepares for a Possible Change in Monetary Policy

Over two-thirds of the questions at the press conference following the July meeting of the European Central Bank Governing Council last Thursday revolved around Governor Mario Draghi's speech in the Portuguese city of Sintra on June 27, when he once again hinted at the possib ...

16 May 2017 16:35 EU Spring Economic Forecast - Optimism in Times of Uncertainty

"Uncertainty" is the focus of the European Commission's spring economic forecast presented last week. The topic is presented entirely in scientific terms, apparently aiming to give a meaningful explanation as to why economic forecasts are increasingly diverging from reality. This ...

free talk corner
Adelina Marini
Euro area finance ministers are gathering together for a regular Eurogroup meeting. Main topics on the agenda - the implementation of all prior actions by #Greece and the preparation of the euro area summit in end-March. Stay tuned for live updates
12 March 2018 14:32
Adelina Marini #Eurogroup #Greece #Moscovici: It will be a major test of credibility for the rest of our discussions
12 March 2018 18:15
Adelina Marini
#ECB decided after today's Governing Council meeting to keep the key interest rates unchanged. Regarding non-standard monetary measures the ECB for the first time decided not to increase the pace of asset purchases in case of a need
8 March 2018 14:36
Adelina Marini #ECB #Draghi: Often there are unconscious biases that play a role
8 March 2018 15:18
Adelina Marini
#ECB The meeting of the economic committee of EP continues with a hearing of Luis De Guindos, who was elected by the #Eurogroup to be the next ECB vice president after the term of Vitor Constancio expires in June
26 February 2018 17:45
Adelina Marini #ECB De Guindos: Due to demographics and inflation hovering around 2% I think that the non-conventional measures could be modified later and they could become more conventional over time
26 February 2018 18:52

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