Poland is the EU country that is most afraid of adopting the euro. But why are Poles so afraid, and what economic prospects could help them change their mind?
Tag: eurozone
Will Trump be the American Gorbachev? It’s now or never for Europe to catch up with the United States’ economy, if the European Central Bank is willing to show the way, says economist Nicolas Goetzmann.
There is a striking paradox: the European elections, which were expected to cause a seismic shift, ended in relative continuity in most places. The crisis erupted where it was least expected: in France, snap elections could have serious consequences in the whole of Europe.
Across southern Europe, all eyes are on the German elections, as they hope a change of government might bring about reforms to the EU Stability Pact.
Which leaders will be remembered from this moment in history? So asks Catherine Chatignoux.
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Merkel After The Christmas Market
For some, German Chancellor Angela Merkel has become both the economic and moral leader of Europe. From tackling the eurozone’s debt crisis to countering Russian ambitions to bucking the tide of populism to welcome a million refugees into her country last year, Merkel has been lauded for her quiet but principled pragmatism in the face […]
STUTTGART — Experts are hailing it as a global novelty, and inventors are celebrating it as the “innovation of an era.” The new euro coins that will be released in spring 2016 have a ring of blue plastic minted into them, and the oddity is expected to make them a desirable export. Coins are typically […]
With the recent Iran and Greece agreements, diplomacy has regained its prior glory. Three former diplomats say negotiation is all about balancing tenacity and flexibility.
Athens must make some painful changes to survive and preserve its Eurozone membership. But the monetary pact needs to be fundamentally changed.
From Athens’ corrupt and radical politicians to the staid bankers and diplomats of Brussels, all are to blame for the crisis in Greece. An un-lesson for modern politics.
Greek voters have refused a bailout deal of billions of euros in exchange for more austerity measures, with a final result of 61.3% to 38.7%. Finance Minister Yanis Varoufakis announced he will step down in a blog post Monday morning due to pressure from Greece’s European partners, and Prime Minister Alexis Tsipras has vowed to […]
The Greek Prime Minister’s ultimatum to Eurozone partners and other negotiators as the debt crisis reaches a critical hour. The full Le Monde editorial in English.
-OpEd- MUNICH — Talk to a Greek person about the difficult situation their country faces and you’re likely to hear some pretty astounding things. Some argue, for example, that the financial collapse came at the right moment, that without it Greece wouldn’t have been pressured into the reforms needed to halt its downward spiral. But […]
IMF CUTS GROWTH PROSPECTSThe International Monetary Fund has sharply cut its global growth forecast of just six months ago, with almost every economy except the United States expected to grow at a slower pace than previously thought, Bloomberg reports. The Washington-based lender said an economic slowdown in China, recession in Russia, and poor prospects in […]
Latvia becomes the 18th member of the European single currency zone, adopting the euro just as the small Baltic nation starts to enjoy economic growth. Will Latvians come to regret it?
THE LOCAL (Germany), LES ECHOS (France) Worldcrunch BRUSSELS – Data released Wednesday showed the economies of Germany and France grew faster than expected between April and the end of June, raising hopes for a recovery across Europe. The new figures show that Germany enjoyed its fastest growth in more than a year in the second […]
AP (USA), BBC, THE GUARDIAN (UK) Worldcrunch NICOSIA – Cyprus has no intention of leaving the euro zone, President Nicos Anastasiades said in a press conference on Friday. “In no way will we experiment with the future of our country,” declared President Anastasiades. He said the situation of the country had been “contained” following its […]
BBC, REUTERS, TWITTER Worldcrunch NICOSIA – Banks in Cyprus have reopened Thursday after a two-week closure as the government was forced to accept a strict European Union rescue package to avoid bankrupcy. As discussions between the EU and the International Monetary Fund took place, eventually culminating in Sunday night’s late bailout deal, the doors had […]
EUROPE 1, LE FIGARO (France) Worldcrunch PARIS – Unemployment has reached a new record high in the eurozone, with European Central Bank (ECB) President Mario Draghi saying Friday that the single currency would not recover until the second half of 2013. “We have not yet emerged from the crisis,” Draghi told France’s Europe 1 radio […]
HET LAATSTE NIEUWS (Belgium), THE SCOTSMAN (UK) Worldcrunch After Catalonia stepped up its bid to secession, separatist parties in Belgium and the United Kingdom have made major gains amid a crisis-hit Europe. British Prime Minister David Cameron is set to meet Scotland’s First Minister Alex Salmond in Edinburgh Monday to sign a historic deal that […]
LE TEMPS (Switzerland), DER SPIEGEL (Germany) Worldcrunch As Greece remains under the watchful eye of Angela Merkel and the IMF to make sure it imposes strict austerity measures, there is one governmental budget that has largely escaped cuts: the defense department. Alexandre Trauvers, writing in Le Temps, reported that Greece’s defense budget amounts to around […]