The Euro Economy

Archives for Euro & Finance

In a bid to shore up Greece’s anti-austerity position, Prime Minister Alexis Tsipras hosted the leaders of France, Spain, Italy, Portugal, Malta and Cyprus to Athens over the weekend to devise a growth oriented economic policy for the upcoming EU summit in Bratislava. Tsipras is hoping to count on the support of these countries when… » read more

Posted by Meredith Smith

“Tailwinds support the recovery”, proudly stated the European Commission’s Spring 2015 Economic Forecast. Even without reading the full report, one gains a general sense of the predictions for each country just by reading the title of each chapter. For example, if you find yourself in a conversation discussing economic progress in Estonia, you can get… » read more

Posted by Meredith Smith

It’s 2015 and Ukraine has much in common with the famous cartoon from the 1950s. Like the Wile E. Coyote, its economy ran over the hill and is now suspended mid-air, treading on air. Inflation is upwards of 25%, foreign currency reserves are melting away to prop up a tumbling currency, the GDP contracted by… » read more

Posted by Meredith Smith

Petros Christodoulou, a Greek investment banker, once quipped “most of the bad news about America’s subprime-mortgage market will be out by the end of August.” It was the beginning of August 2007, just a few weeks before the financial whirlwind that almost sucked in the global economic system unleashed. At the time, Greece was still… » read more

Posted by Meredith Smith

  Ukraine just can’t seem to catch a break these days. With the annexation of Crimea by it’s self-proclaimed motherland and a potential military conflict looming on the horizon, the government appears wholly unequipped to deal with the economic calamity that now faces Kiev. All heads have turned towards the IMF as it comes to… » read more

Posted by Meredith Smith

The Nations In Between

Ex-USSR states are still getting caught between Brussels and the Kremlin. Twenty years on from the breaking up of the Soviet Union, political and economic pressures are forcing ex-bloc members to decide: return to their old superpower master Russia, or turn to the west and democratise for a future in the EU. It’s a process… » read more

Posted by Meredith Smith

Conservative politicians are bringing the UK into disrepute with an attitude towards the EU’s human rights law which could spell a “political disaster.” This was the opinion expressed by the EU’s most senior judge, Dean Spielmann, who has spoken out against Tory threats to leave the European convention. Certain senior Conservative MPs, including home secretary… » read more

Posted by Meredith Smith

Britain is greedy for some industry, while Germany is afraid of losing its competitive advantage; Europe is on the verge of plunging blindly into hydraulic fracturing, the shining solution which could let us down completely. European Energy Commissioner, Günther Oettinger, has recently told German press that the EU energy department will be looking into shale… » read more

Posted by Meredith Smith