Op-ed - Page 15 of 16

Mixed responses to Greece´s game change

So far the responses have been divided. France, the country most exposed to Greece’s debt due to its heavy bank and private lending, welcomed Syriza’s win. François Hollande vowed cooperation with the newly-formed Greek government, recalling “the friendship that unites” the two countries. But Germany’s Angela Merkel was more straightforward. Her spokesman said that Greece should continue to economic recovery and stick “to its previous commitments”. The European Popular Party leader, Manfred Weber, followed the same course, calling Tsipras electoral promises “empty”.

Radical parties across Europe widely welcome Greece’s electoral results. Left wing radical parties in the European Union congratulated Syriza’s Tsipras, with Spain’s Podemos welcoming the “real Greek president, not a delegate of Angela Merkel”.

How radical is Syriza?

Chaos has always been a scenario for Greece, ever since the bailout. The mix was there: a bankrupt country, crippling unemployment, violent riots, weekly strikes, neo-Nazis in parliament, a rapid decline in living standards that turned into a humanitarian emergency. Outside Greece, in public analysis and private conversations, the possibility of the destabilisation of democracy came up every now and then, some kind of coup that would send the country to the extreme left or right. For those who indulged in these cassandric predictions the rise of leftist Syriza was a vindication: surely this is a rogue party, self-positioned on the Radical Left, with communist roots, and a populist rhetoric? Discussion of the Greek problem has always involved a degree of fear-mongering, which is useful in the manipulation of public opinion, but rather redundant in adding any nuance to our understanding of a foreign context. A useful key-phrase, if one truly wishes to understand Greece in crisis, is “structural reforms”.

Draghi turns on the QE tap

Mario Draghi has fulfilled his promise and put into action the words “whatever it takes” – which he declared at the height of the debt crisis in July 2012 – to save the euro. After the first ECB Governing Council meeting of the year, its president announced the implementation of the much-anticipated Quantitative Easing (QE), a statement that has not only fulfilled but exceeded the markets’ expectations. The Italian banker has led the ECB into unknown territory with a massive sovereign bond-buying plan that will be added to the existing private sector asset purchase program, amounting to a total of €1.14 trillion. The goal is to quell the threat of deflation, and to reactivate economic growth, which remains stagnant in the euro area.

The new euro governance

Hitherto, the European Central Bank (ECB) always held its meetings on monetary policy on the first Thursday of every month, followed by a press conference with its president, Mario Draghi. Starting this year, this decision-making frequency will be reduced, and the communications will be more transparent. The Governing Council’s first meeting of 2015 – which could result in the largest stimulus for the euro area of all time– will be held on 22 January, and not on 8 January, which was the custom. 2015 is also a year of enlargement: with Lithuania joining the euro area as its 19th member state.

Défendre la liberté d’expression en France pour un projet commun de société

Dialogue , Op-ed , EU
10 January, 2015

The author of this article is a Muslim woman in her mid 40s, of Algerian nationality but resident in France since her youth, who prefers her identity not to be disclosed.

La radicalisation religieuse est un refuge idéologique pour les terroristes qui ne fait que masquer le déséquilibre psychologique de ces personnes et l’échec de leur intégration sociale. Voilà ce que ces terroristes combattent réellement, un ordre social où ils n’ont pas pu trouver leur place. C’est un problème social et non un problème religieux.

Romania: abandoning communism’s remnants

I voted in the last presidential election just a few weeks ago. Yet still, when I gave my identity card to the embassy staff in Brussels I was somehow reminded of Romania’s communist legacy. “You are only half a Clujeanca, your birth place is actually Comanesti,” said the official. Indeed, I was born in the eastern part of Romania because my mother had been assigned a job there, as part of the Romanian Communist Party’s economic policies. Young professionals like her were uprooted upon finishing university, and spread around the country so that all regions would develop equally, no matter their local specificities.

The threat of Deflation

In the past inflation was the number one enemy of economists. Nowadays, you might find that the exact opposite is true, and that a fall in prices is now in the spotlight. Deflation has arisen as the main threat to the economy, and the European Central Bank (ECB) is under pressure to take decisive measures against it. Prices in the Eurozone have seen the first year-on-year decline in five years, according to Eurostat.

Art and culture should be at the forefront of European unification

Christos Mouzeviris
The Eblana Blog , Dialogue , Op-ed , Arts
24 December, 2014

…Apart from maintaining its single market, Europe must promote among others its cultural and historic wealth through the media, its educational system and through appropriate festivals and gatherings. The European identity, what unites us, needs to be stressed and take precedence over what divides us. This will serve everybody well in times of crisis, keeping the unity of the continent and benefiting from the accumulated strength of all EU nations. It will also help strengthen the sense of solidarity and promote equality in opportunities and living standards across the EU.

When climate changes fast but interests slowly

On Sunday, 14 December 2014, representatives of all UN member countries and the European Union managed to agree on the “Lima Call for Climate Action”. This was the most important result of two weeks of exhausting deliberations at the conference but also before. If one reads the three-and-a-half pages of this decision one will see many repetitions of code words that may not mean much to non-negotiators. The question easily arises: is all this diplomatic commotion of any use? How is it connected, if at all, to the real world of climate impacts and much-needed climate action?…

Juncker tells Greeks who (not) to vote for

The purportedly most democratically legitimate President of the European Commission has made a surprising statement, just days before the Greek parliament votes for a new president of the republic, by telling Greeks who they should not vote for. The President of the European Commission cannot tell European citizens, or their representatives, what to decide, it should be the other way around: Greek citizens, together with the rest of Europeans, should be telling Juncker what to do.