Eurocrisis
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Hearing Mario Draghi
I am delighted to be making my first appearance here as President of the European Central Bank (ECB) and I am honoured to present to you the ECB Annual Report for 2010. Je souhaite tout d'abord rendre ici hommage à mon prédécesseur. Tout au long de son mandat, Jean-Claude Trichet a su entretenir un dialogue fructueux et constructif avec le Parlement européen.
Euro Area Is Coming to an End: Peter Boone and Simon Johnson - Bloomberg
Investors sent Europe’s politicians a painful message last week when Germany had a seriously disappointing government bond auction.It’s one of the first investment cases drawing on the legal details of redenomination of euros into another currency. Nomura also treat this as quite an urgent practical matter: Redenomination risk: Which Euros will stay Euros?
juridische gevolgen exit euro
Games of Chicken, by Tim Duy : The Eurozone is stuck on a path that leads to a very nasty equilibrium.
Economist's View: "Games of Chicken"
Eurozone
Does the ECB really have a silver bullet? | Gavyn Davies | Insight into macroeconomics and the financial markets from the Financial Times – FT.com
In recent days, a chorus of investors has argued that only one institution, the European Central Bank, now has the firepower needed to solve the eurozone’s debt crisis.
NICOLAS Sarkozy is causing a big stir after calling on November 8th for a two-speed Europe: a “federal” core of the 17 members of the euro zone, with a looser “confederal” outer band of the ten non-euro members. He made the comments during a debate with students at the University of Strasbourg. The key passage is below (video here , starting near the 63-minute mark)
The future of the EU: Two-speed Europe, or two Europes? | The Economist
“I have always found the word “Europe” in the mouths of those politicians who wanted from other powers something they did not dare demand in their own name”.
The Strategic Influence Game 5: A German Europe or a European Germany?
No, one of them is not Silvio Berlusconi’s “bunga bunga” parties. Silvio himself isn’t among those reasons, either. The prime minister said on Tuesday that he’d resign once he ushered some economic reforms through the legislature.
Five reasons Italy should scare you - The Curious Capitalist - TIME.com
Although European surveillance mechanisms were in place before the crisis – and academics pointed out the key flaws far in advance – the EU surveillance mechanisms missed the signs. 1 They failed to detect, let alone prevent, the build-up of vulnerabilities beyond sustainable levels, even in the area of public finances which was their main focus. But crisis prevention in, and surveillance of, the Eurozone (EZ) was not only the responsibility of European authorities.
IMF surveillance of the Eurozone: Quo Vadis? | vox - Research-based policy analysis and commentary from leading economists
November 8, 2011, 10:10 am
States Versus Countries, Rodrik Edition - NYTimes.com
kansen in de crisis
The European Union, and the Eurozone in particular, has impressive institutional achievements to its name. We have a European Parliament, European Commission, European Court of Justice, a set of common regulations that exceeded 100,000 last time I checked (acquis communautaire), and of course the European Central Bank.