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Grexit

Grexit

Italy’s Broken Finances Bring Back Fears of Messy Euro Divorce

View photos(Bloomberg) -- On the September night in 1992 when George Soros famously broke the Bank of England, it wasn’t just the British pound that crashed. The Italian lira cratered too, the last of its numerous 20th century devaluations.One veteran who is still at the Finance Ministry in Rome recalls…
bubmag
May 13, 2020
Grexit

Hexit? EU and Hungary Battle over European Corona Crisis Pandemic

Hungary looks more like the next potential Grexit or Brexit amid the coronavirus crisis. European leaders see existential threat to the Union from divided national responses to coronacrisis. Hungary’s PM seizes full dictatorial power on indefinite timeline due to coronavirus threat. Former European Commission chief Jacques Delors said on March…
bubmag
April 8, 2020
Grexit

How Useful Are National Referenda to Alleviate Conflicts of Sovereignty in the EU? An enquiry about the Greek 2015 referendum on the bail out

Τhe debate about sovereignty has increasingly stressed how popular sovereignty has been affected by EU integration.  A relatively recent scholarship promoting demoicracy has tried to reconcile Europe wide democracy with popular sovereignty. Demoicratic scholars claim that, to work in a way which places popular sovereignty at the heart of democracy,…
bubmag
April 6, 2020
Grexit

For a global movement with a radical agenda

Interview: Yanis Varoufakis Print edition : April 10, 2020 T+ T- Yanis Varoufakis: “If anything, the first few pages of the Communist Manifesto describe today’s globalisation far more pertinently than it described 19th or 20th century capitalism.” Photo: Getty Images British Prime Minister Boris Johnson (right) and main opposition Labour Party…
bubmag
March 24, 2020
Grexit

French banks are solid and in no need of nationalisation – Villeroy

The European Central Bank's Francois Villero has stated that the ECB is absolutely determined to fight fragmentation risk between eurozone countries.  "French banks can weather the current economic storm unleashed by the coronavirus outbreak and are in no need of nationalisation despite the recent collapse in their share prices", the…
bubmag
March 18, 2020
Grexit

Europe Is Unprepared for the COVID-19 Recession

If there is one European body that has consistently demonstrated its lack of fitness for managing economic crises, it is the Eurogroup of eurozone finance ministers. True to form, it will respond to the COVID-19 crisis with heroic announcements heralding impressive numbers that disguise the irrelevance and timidity of the…
bubmag
March 18, 2020