Diese Bundestagswahl findet in einem sehr besonderen Moment der europäischen Geschichte statt. In den kommenden Monaten wird sich entscheiden, was aus den Plänen einer soliden politischen Fiskal- und Bankenunion werden wird. In diesem Sinne wird die Bundestagswahl mit Sicherheit einige Veränderungen in der gesamten EU herbeiführen. Einige Entscheidungen sind schon längst fällig. Zum einen muss man dringend den Teufelskreis unterbrechen,…
The Cypriot “solution” is a game changer. I teach my students that the euro is a freely convertible currency and that in the common European market capital is allowed to move freely. However, both of these concepts have ceased to apply in Cyprus, for the present at least. I told my students that the eurozone has set up the European…
“This is an existential challenge for Europe” Continuing our conversations with public intellectuals across Europe on the causes and effects of the crisis, Euro Crisis in the Press talks to Professor George Pagoulatos, advisor to former Greek PM Papademos and member of the Board of Directors in Greece’s foremost defense and foreign policy institute, ELIAMEP. Professor Pagoulatos argues that muddling through the European…
Greece’s Golden Dawn Crackdown: Can Far-Right Group Be ‘Eradicated’? By Yannis Palaiologos Nikos Michaloliakos, leader of the ultra-right-wing Golden Dawn party, is escorted by police officers to the prosecutor from police headquarters in Athens on Sept. 28, 2013 When Nikos Michaloliakos, leader of the Golden Dawn party, spoke to the Greek media on May 6, 2012 — after it had…
Three years after Greece signed the EU-IMF memorandum, some questions remain. Here are some answers: 1. Could Greece have avoided the memorandum? Clearly not, given the state of its economy in late 2009 / early 2010. The economies of all the countries that signed up to a memorandum after Athens did (Ireland, Portugal, Cyprus) were in better shape than Greece’s…