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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.

7 June 2018 15:30 An Italian Remake of the Series "The Economy or Democracy, Voter"

Do you remember the beginning of 2015, when Greece was just about to exit the recession after painful and tormentous reforms? At the time, the anti-establishment party SYRIZA won the elections on a promise to re-negotiate the Greek bailout programme and to deliver  debt write-off. That year ...

1 May 2018 17:24 Normalisation of Growth in the Euro Area or Dark Clouds?

It is growingly evident that by June, when the deadline of Donald Tusk's Leaders' Agenda expires, there will be not even an 'r' left of the euro area reforms. The question is, though, whether circumstances would push the member states, again, to be more active. And the circumstances are a weaken ...

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 ...

3 May 2018 18:59 A Lukewarm Welcome for Greece's Growth Strategy

By June 21st, the euro area must be ready with a plan for Greece's exit from the third and last bailout programme, which will officially happen in August. However, the most important elements of this plan are still missing. Those are the Greek government's growth strategy for the post-programme ...

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 ...

 
free talk corner
Adelina Marini
The European Commission is proposing new proposals for a reforms programme for the euro area and a eurozone budget. Stay tuned for live updates
31 May 2018 11:33
Adelina Marini Dombrovskis: Around half of all countries could possibly be benefiting of this stabilisation fund
31 May 2018 12:15
Adelina Marini
Today is a #Eurogroup day with two hot issues on the agenda. The first is #Greece's exit from the bailout programme. The other will take place in an expanded EU-format as it deals with the completion of the banking union and the reform of the #ESM. Although not on the agenda officially, another hot issue is the new government in Italy. Yesterday, President Sergio Mattarella gave Giuseppe Conte a mandate to form a coalition government between the populist M5S and the eurosceptic Lega. Stay tuned for live updates
24 May 2018 14:18
Adelina Marini Centeno: The #Eurogroup did not discuss Italian policies today. We have a well-established framework in the SGP
24 May 2018 20:34
Adelina Marini
The #EUWesternBalkans summit is over. The press conference is starting. Stay tuned for live updates
17 May 2018 14:56
Adelina Marini Tusk: The US is still the possible closest partner
17 May 2018 15:24
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