Op-ed - Page 10 of 14

If only the EU could learn from its mistakes like the IMF…

Dialogue , Op-ed
21 May, 2015

By Clément Fontan

One month ago, the Bruegel institute, a respected and influential EU think-thank, published an opinion piece by former IMF staff member Ashoka Mody. In his excellent analysis, Mody relies on leaked insider information and IMF self-criticism to condemn the Fund’s role in the Greek bailout process from 2010 to the present. In short, he reminds us that the lack of debt restructuring during the 2010 bailout was primarily aimed at protecting the holders of Greek bonds, e.g. the major French and German banks, despite its unsustainability. Then, he underlines that the structural reforms and the budget cuts worsened the economic and social conditions in Greece to such an extent that a second bailout was needed in 2012.

The Role of the European Parliament in Managing Europe’s Economic Crisis

Dialogue , Op-ed
19 May, 2015

By Panagiota Manoli and Georgios Maris

Until recently, especially in financial governance issues, studies had paid little attention to the role of the European Parliament (EP), rather focusing on other institutions such as the European Council, the Commission and the European Central Bank. In a chapter that we contributed to a recently published book,* we discuss the role of the EP in the management of the global financial crisis that erupted in 2008 and soon spread into the Eurozone economies.

Dodging Politics, Ditching Democracy

The Brits and the Poles have voted last week in parliamentary and presidential elections, respectively. But if anything unites these two European elections, it is the way they illustrate the hollowing of the democratic process. While conservatives tout more of the same, the Left… Well, what Left?

Three-Speed Europe

Spain is accelerating, Germany is slowing down, and Greece is in reverse. Gross Domestic Product (GDP) in the entire euro area grew by 0.4% in the first quarter, one tenth more than in the last quarter of 2014, according to Eurostat’s first estimate. However, this figure from the EU’s statistics office conceals a disparity in the performance of the different economies in the region. Low oil prices, the depreciation of the euro against the dollar, and the debt purchase programme, coupled with the low interest rates spurred by the European Central Bank’s (ECB) monetary policy have been the main factor which has benefitted the Eurozone’s economy. But the ECB has warned that the recovery will not be sustainable unless governments work harder with reforms.

A less united and less European UK: ¿Brexit and break it?

By Andrés Ortega

Despite the official congratulations, Europe’s conservative-dominated collective leadership would have rather seen Labour’s Ed Miliband entering 10 Downing Street. This might seem a paradox, but it is not. There is little confidence in David Cameron. First he got Scotland into an independence referendum that made much of Europe very jittery. Europe’s leaders will again feel a shudder down their spines once the British referendum (Brexit) on leaving the EU comes up. Although Scottish nationalists only just lost their referendum, thanks to devolution promises Cameron now has to honour, the effect has been a totally SNP-dominated political landscape in Scotland. In last Thursday’s general election the party swept the board, taking 56 of a total of 59 seats, compared with only six in 2010.

POLAND: Duda wins the first round, but Komorowski is aiming for re-election

Pending , Dialogue , Op-ed
12 May, 2015

Analysing what happened last Sunday in the Polish presidential elections and trying to anticipate what might happen in two weeks’ time, there are clearly two different interpretations. On the one hand, the partial victory of Andrzej Duda reveals significant wear and tear in the Civic Platform (PO) currently in power – and of Komorowski as President. Furthermore, the rise of Pawel Kukiz, a musician and non-party independent, as the third most voted option (20%) appear to place Poland fairly and squarely in the European mainstream of new politicians, new discourse, and the desire for change – which is what’s happening in Greece and Spain.

Digital Single Market Strategy: Implications for European audiovisual content

Dialogue , Op-ed
10 May, 2015

By Sally Broughton Micova

There were no real surprises when European Commission Vice-President Andrus Ansip and Commissioner for Digital Economy and Society Günther H.Oettinger stood on the podium together yesterday [6 May] to launch the EC’s Digital Single Market (DSM) strategy. Draft versions and the evidence file had been leaked and commentators have remarked on a radical overhaul of copyright in the EU, but there seems to have been a slight retreat on the issue of territoriality and geo-blocking for content between the leaked and final versions of the document. A bit more caution is wise because there remain significant deficiencies in the evidence base on the incentives for European content production, and particularly the potential implications for the EU’s many smaller linguistic markets.

What-Does-Europe-Want Day

“It’s Europe Day!” my wife called out when I showed her the invitation flier to Kriek & Frites party on May 8-9 at Place Jourdan in Brussels. Neither the flier nor its typically Belgian offer implied any connection with the EU. Given my early school days were spent in the Soviet Union, I associated the dates rather with the end of World War II. So what’s this Europe Day anyway? I distantly remembered that it had something to do with the day on which France and Germany decided to unite their coal and steel industries, hoping that this would prevent them if not from ever again piling up tanks and cannons…

Wiretapping scandal in Macedonia casts doubts on judicial independence

Dialogue , Op-ed
5 May, 2015

By Jasmina Dimitrieva

The political opposition in Macedonia, led by the Social Democratic Union of Macedonia (SDSM), continues to publicly air wiretaps of government officials and other VIPs from the judiciary, the state secret service and the media, which have been obtained from an undisclosed source. The content has been rocking the country for the past three months as it unveils alleged corruption in all areas of public life. It appears that the law enforcement, the judiciary and the prosecutor’s office are being plagued by widespread political coercion and bargaining despite long-standing judicial and security sector reform funded by the EU and the US.

Malpractice in the Mediterranean

Libya is sick. And on 23 April, the European Council effectively wrote a prescription for ibuprofen. The absolute horror currently taking place in the Mediterranean- individuals packed onto a rickety boats like sardines in a can, trapped behind locked doors, drowning slowly as their last hope for a future escapes along with the last bit of air in their lungs- is symptomatic of the utter hell plaguing the failed state. A hell, bear in mind, that the West had a heavy hand in creating after the UNSC invoked the Responsibility to Protect, paving the way for military intervention and the subsequent ousting of Muammar Gaddafi.