Month: July 2012

  • Whether ‘S’ Stands for System or for Spain will Decide Future of the Euro

    by Ferdi De Ville Since long, discerning observers have argued that Spain, not Greece (or Ireland or Portugal for that matter), would be the real test for the euro. Now, this moment has arrived. The question is whether decision makers will again argue that the troubles in Spain are a Spanish problem that it has […]

  • Wake me up when September Ends

    by Carsten Brzeski The German Constitutional Court will present its verdict on the European Stabilty Mechanism and the fiscal compact on 12 September. A reversal of the ESM looks unlikely, but more powers and control to the German parliament would limit the often called for flexibility of the ESM already from the start. At least […]

  • Reforming Greece II: Ideas for a Successful Bottom-Up Approach

    by Daniela Schwarzer If a bottom-up approach, which I suggested in my earlier blog, is a promising way to promote reforms in Greece, one should discuss criteria for a successful strategy. A first criterion is to have the strategy formulated within Greece, given the limited success of outside influence (the Troika). A second would be […]

  • A New Approach in and for Greece I

    By Daniela Schwarzer The election results of June 17th and a possible renegotiation (most probably of the time line) of the conditionality imposed on Greece in exchange for the rescue package may give the country some breathing space. The new growth strategy agreed at the June European summit may also stimulate the Greek economy which […]

  • The Political Crisis – A Better Europe Starts at Home

    By Rainer Emschermann  As market reforms and budget consolidation are meeting increasing political constraints, it is perhaps not surprising that the call for ‘more Europe’ has become louder. While such eagerness for the European project should be welcomed, it is not genuine but motivated by short-term interests of the political classes. Rising doubts about the […]

  • Nobody Won in the Non-Final

    By Ferdi De Ville The Dutch were most clamorous, even a little arrogant, but eventually played no role and had to slink off. The English played defensive, achieved a minor success but were other than that largely ignored. Super Mario defeated Germany. Spain was the winner in the end. For a euro-outsider, it must have […]