Tagged Angela Merkel
Merkel-Hollande at European Parliament
European Parliament press release date 7 October and entitled: François Hollande and Angela Merkel face the MEPs. The current situation in the European Union and challenges to be tackled together, and notably migration, were at the heart of Wednesday afternoon’s debate between European Parliament political group leaders, President of the French Republic François Hollande and Chancellor…
Greece reaches new bailout deal
Tuesday morning, 12 August, marked a respite in an overly protracted Greek crisis. The Greek government and its creditors…
Germany: The key problem of the EU crisis?
By Viktor Sukup
In the endless Greek crisis and the recipes supposedly designed to overcome it, Germany—whose Chancellor began by imposing the IMF’s participation—is the main hardliner pretending to “have the “Eurozone rules respected”.
A Carthaginian Peace for Greece
By Deniz Torcu
As of July the 13th, following tense negotiations, Eurozone leaders have reached an agreement for the new Greek bailout. A few days ago, Greek Prime Minister Alexis Tsipras proposed an austerity plan which was nearly identical to the very one that the Greek people vetoed in the July 5th referendum. The Greek proposal includes strict measures like a unified VAT rate of 23%, elimination of discounts on islands, incrementation and/or adjustment of corporate income and property tax rates, abolition of subsidies for farmers, introduction of penalties for early retirement, privatization of state-owned companies, etc.
Open letter by top economists to Merkel on Greece
By Thomas Piketty, Jeffrey Sachs, Dani Rodrik, Heiner Flassbeck and Simon Wren-Lewis
The never-ending austerity that Europe is force-feeding the Greek people is simply not working. Now Greece has loudly said no more.
G7 leaders make headway in Germany
On the 7 and 8 of June, leaders of the world’s seven leading advanced economies met in Schloss Elmau, Germany for their annual summit. These meetings are aimed at tackling the most complex challenges of our times and showing that, in the face of adversity, this powerful group of 7 stand together. With the Alpine landscape providing a stunning backdrop for the talks, this year’s gathering was by no means short of noteworthy advances. The G7 is an important political and economic gathering which attempts to address a wide range of the world’s most pressing issues. The advance of ISIS in the Middle East and the crisis in Ukraine dominated this year’s agenda with the earthquake in Nepal, the global economy
Cameron’s EU charm offensive
David Cameron has concluded a one week EU whistle-stop tour in his bid to reform the 28-nation bloc and win back powers from Brussels. Coming after a fresh win in last month’s general election, the British Prime Minister set out on a charm offensive to renegotiate Britain’s relationship with the Union ahead of the 2017 in-out referendum. His handpicked stops were few but telling as to whose support David Cameron is seeking. The Prime Minister kicked off a week of talks by meeting with EU Commission chief Jean-Claude Juncker on 25 May. David Cameron did not miss the opportunity to “underline that the British people are not happy with the status quo and believe that the EU needs
