Tag Archives: European Central Bank

The future of Europe: It’s getting serious

Graphic "When Greece falls" presente...

Graphic “When Greece falls” presented by Dutch government on 21 June 2011, speaking of European sovereign debt crisis (Photo credit: Wikipedia)

By Ulrike GuérotEuropean Council on Foreign Relations (ECFR), September 19, 2012:

The third year of the euro crisis might be the most important one yet – and with Germany heading for elections next September things are getting serious. In year one of the crisis (2010), Germany was lost and without a strategy, lurching through the events more than being in control. In year two of the crisis (2011) we observed a subtle U-turn und more decisive actions to safe the euro. But the German strategy was not the ‘big bazooka’, but a step-by-step pragmatic approach which certainly disappointed the Anglo-Saxon world. The strategy may be incomplete and flawed especially with respect to the pro-cyclical and painful effects of austerity policy in the South: but it is also true that we see the first signs of success… (more) http://ow.ly/1mwJBn

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Filed under European Foreign Policy, European Union, Financial Crisis, Germany, Think Tank

Not yet time for Euro-euphoria

Countries using the Euro de jure Countries and...

Countries using the Euro de jure Countries and territories using the Euro de facto Countries in the EU not using the Euro (Photo credit: Wikipedia)

By Nikolaus Van Der PasFriends Of Europe, September 17, 2012

EU activity resumed after the summer with some good news. ECB President Mario Draghi buoyed markets with a commitment of unlimited purchases of bonds from fragile Eurozone countries; the German Constitutional Court gave the thumbs up to the European Stability Mechanism; Commission President Barroso delivered an ambitious State of the Union speech, and the Dutch voted for pro-European parties, rejecting their nationalistic rivals… (more)  http://ow.ly/1muvPY

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European Banking Union Long Road Ahead

Brookings: European Banking Union Faces Long Road Ahead – The European Commission’s detailed proposal for a “banking union” marks an importa http://ow.ly/1mqO6P

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The Role of the European Central Bank

Council of Foreign Relations: The Role of the European Central Bank – As Europe’s central bank moves aggressively to staunch the continent’s crisis, some critics are aski http://ow.ly/1mpCGn

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Can Draghi Be Believed?

European Central Bank

European Central Bank (Photo credit: jurjen_nl)

Simon Tilford, Project Syndicate, September 3, 2012

Mario Draghi, the president of the European Central Bank, has repeatedly claimed that the ECB will do everything necessary to save the euro. Nothing has been formally agreed yet, but the ECB is expected to announce a new government bond-buying program following next week’s meeting of its Governing Council. Will it work? … (more)  http://ow.ly/1mgKyl

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Federalism or Bust for Europe?

Council of Europe's definition of Europe

Council of Europe’s definition of Europe (Photo credit: Wikipedia)

Jean Pisani-FerryProject Syndicate, August 31, 2012

Is Europe inventing a new governance model, or has it only taken a detour from the inevitable choice?

August was quieter than feared on the European bond markets. So, while resting on Europe’s beaches and mountains, policymakers could take a step back from the sound and fury of the last few months and think about the future. Is the eurozone sleepwalking into becoming a United States of Europe? Is it exploring uncharted territory? Or are its constituent nation-states drifting apart? (more) http://ow.ly/1me6rt

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ECB President Draghi Determined to Save the Euro

 

English: Kemal Dervis, Administrator, United N...

English: Kemal Dervis, Administrator, United Nations Development Programme (UNDP), during the Annual Meeting 2006 of the World Economic Forum in Davos, Switzerland, January 28, 2006 (Photo credit: Wikipedia)

Kemal Derviş, Brookings, August 30, 2012 

August has been a dangerous month in European history, but this year it could be the turning point for the eurozone – and perhaps for the world economy. On July 26, Mario Draghi, President of the European Central Bank, declared that his institution would do “whatever it takes” to preserve the euro, and added: “Believe me, it will be enough.”… (more) http://ow.ly/1mdmte

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Filed under Brookings Institute, European Foreign Policy, European Union, Financial Crisis, Think Tank