Arhive etichete: Greece

P. Stephens (Financial Times): Europe says goodbye to solidarity

prin pe 25 februarie 2012 în Economie europeana


Some words are the property of continental Europeans. You do not hear many Brits or Americans talking about “solidarity”. The expression belongs to the soggy (to Anglo-Saxon minds) consensualism of social market capitalism and to prophets of European unity. What’s happened lately is that solidarity has dissolved. This explains why the euro, and the European […]

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Wall Street Journal: New Greece package

prin pe 24 iulie 2011 în Economie europeana


BRUSSELS—With a new €109 billion ($157 billion) bailout for Greece, European leaders broke from their recent string of slow-paced half-measures to launch a frontal attack on a debt crisis that threatens to engulf the troubled country. But the greatest test is still to come: Does Europe yet have the tools to block the crisis from […]

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John Lanchester: Once Greece goes…

prin pe 18 iulie 2011 în Economie europeana


The economic crisis in Greece is the most important thing to have happened in Europe since the Balkan wars. That isn’t because Greece is economically central to the European order: at barely 3 per cent of Eurozone GDP, the Greek economy could vanish without trace and scarcely be missed by anyone else. The dangers posed […]

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Financial Times: Dual debt crises: The abyss that awaits

prin pe 16 iulie 2011 în Economie europeana, Economie globala


A week ago last Thursday, global equity markets were sitting pretty, secure in the expectation of good US employment figures and some breathing space in the European sovereign debt saga. Now, that confidence has disappeared. In its place, investors see contagion gripping the eurozone, renewed weakness in the American economy and the looming possibility that […]

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D. Kefalazos: Monnet Matters: Do we believe in the Eurozone or not?

prin pe 16 iulie 2011 în Economie europeana


One after the other, all the Eurozone decision-makers in Brussels, Berlin and Paris have recognised that the Greek tragedy had better have a happy ending, and it has to be rather sooner than later, otherwise all those directly involved in drafting the scenario and staging the play will be wailing and gnashing their teeth. The idea that […]

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