Grexit

Ursula von der Leyen delivered a stark message to the EU’s commissioners on Thursday evening at their first in-person meeting for many weeks. She told her socially distanced colleagues that they had an opportunity to forge a viable reconstruction plan for a European economy ravaged by the coronavirus crisis. But…

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…

Ten years after the credit crisis, the European Union demonstrates that it has learned very little on how to unite and decisively take pan-EU measures to tackle crisis and support recovery. A series of long negotiations between the major economies of the South versus the North, with the European Central…

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…

The economic, political and moral case for a European fiscal policy response to COVID-19 There has been a lot of discussion in recent weeks on whether an EU-wide fiscal policy response to COVID-19 should include common liability for the additional debt that such a response would imply. This column lays…

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,…

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…

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…

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…

INTERVIEW BY George Souvlis When Syriza was voted out of office in July 2019, the once great hope of the European left could not even claim partial successes. Elected in January 2015 on the promise of saving Greece from austerity, in its early months the government led by Alexis Tsipras…