Not yet time for Euro-euphoria

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 Pas, Friends 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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The German Constitutional Court and the ESM: What happened?

ECFR: The German Constitutional Court and the ESM: What happened? http://ow.ly/1mpJDT

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

Federalism or Bust for Europe?

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

Jean Pisani-Ferry, Project 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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Europe’s Necessary Union

Jose Manuel Barroso, Project Syndicate, August 29, 2012

The consequences of Europe’s debt crisis are all too present throughout much of the European Union, as distressed economies attempt to stabilize and grow at the same time. Notwithstanding the important decisions taken over the last couple of years, the reality is that we need to do more to tackle the challenges facing the eurozone… (more) http://ow.ly/1mbPMA

José Manuel Durão Barroso (Photo credit: Wikipedia)

 

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Spain – A New Run On The Banks?

Euro bank notes (Photo credit: Wikipedia)

StratRisks, August 28, 2012

(Source: IBTimes)

Spanish consumers are pulling their cash out of banks at record levels, according to figures released on Tuesday.

Private sector deposits fell by nearly 5 percent in July to €1.509, the Telegraph reported, citing European Central Bank data, as public confidence in the banking system reached all-time lows amid a worsening economic situation.

The news comes after bond markets continued to hammer the debt-ridden euro zone nations Spain and Italy last week… (more)  http://ow.ly/1mb8xQ

IISS: Fullerton Lecture – The Euro and the Future of Europe

Klaus Regling (photo: IISS)

International Institute for Strategic  Studies, Fullerton Lecture, 24 August 2012

The EU response to the eurozone crisis is producing results said Klaus Regling, CEO of the European Financial Stability Facility (EFSF), in the fifth IISS Fullerton Lecture, ‘The Euro and the Future of Europe’ in Singapore. http://ow.ly/1m751H

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