european debt crisis – The European Strategist

Europe agrees to boost EFSF – possible implications and problems

Published on 2nd November 2011 in Economics by David Grodzki

Last week brought a breakthrough in the EU’s fight against the lingering eurozone crisis that threatens to bring down the project of the common currency and, as some fear, the whole EU with it. The announcement that European leaders have come to an agreement about boosting the European Financial Stability Facility’s (EFSF) coffers so its…

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Pantelis Sklias & Georgios Maris: Greek, European or Global Crisis?

Published on 10th October 2011 in Economics by European Strategist

In 1991, when the Maastricht Treaty was signed an entirely new economic project was created. The Economic and Monetary Union (EMU) was unique not only because its area, magnitude and extension were unprecedented, but also because the European countries transferred important elements of their political and economic sovereignty to transnational and intergovernmental institutions. In fact,…

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A modest proposal for saving the euro

Published on 15th July 2011 in Economics by Áron Németh

After the first European bail-out, which did not leave much of an impact on the tragic economy of Greece, the second package is already en route to the country that is helplessly balancing on the brink of collapse. But if one forgets about tiny troubled economies of the European Union, like Portugal, Ireland and Greece,…

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