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European Council conclusions: hidden in plain view

How many of us bother to look at what European leaders decide when they meet in Brussels or elsewhere? Did you know that their main decisions are published as “Conclusions” of the European Council? They have a major impact on our lives, directly or indirectly. But they are only selectively reported on and seldom studied in detail, as they should be. We decided to take our magnifying glass and go through the most recent European Council Conclusions, those adopted by the EU leaders at their meeting in Brussels on 19-20 March 2015.

Time is running out for Greece

The Eurogroup needed just half an hour to deal with the package of measures presented by Greece in Brussels, pressurizing the Athens government to negotiate the technical issues seriously and in detail with experts from the European Commission, the European Central Bank (ECB) and the International Monetary Fund; the so-called “men in black” of the former Troika. Meanwhile, the Greek authorities do not rule out fresh elections or a referendum on the euro if negotiations prove fruitless.

European demos in the making, through laughter and screams

Starting from the recent Tsipras – Rajoy war of words, on who sabotages whom at the Eurogroup and in electoral politics, I attempt to put together evidence that shows a major shift in European politics. Building also on an increasing number of satirical videos about European politics, and from my personal experience, I reach an anecdotal, not so scientific but most probably correct conclusion: We are getting a European demos, in which we all feel comfortable enough and are knowledgeable enough about each other to be able to make jokes, break the ice, get on each other’s nerves occasionally, but basically express what we increasingly realize that we are: a diverse, noisy, funny, stubborn, intrusive and generous section of humanity that one could call “the Europeans”.

Ms. Merkel visits Brussels

German Chancellor Angela Merkel paid a one-day visit to Brussels on 4 March, and met with the European Commission President and the entire College of Commissioners. One wonders whether that would have happened if any of the other 27 EU member state leaders had been visiting. Of course, nobody doubts the prominence that Ms. Merkel has, because of the special weight that Germany carries in the European economy and politics, but also because of her own personality and leadership skills.

The Eurogroup approves Greek measures

Greece continues to be financed with the help of the European Union. Eurozone Ministers of Economy and Finance have approved the new package of economic measures presented to Brussels by Athens. This then paves the way to extend Greece’s bail-out. The spokesman for the European Commission, Margaritis Schinas, said that the proposals are “sufficiently complete” and are a “good start”. The same expression was used by Mario Draghi in a statement, however the ECB president added several ‘buts’. According to Draghi, what counts is the current memorandum.

ISIS ante portas, and behind…

The recent beheading of Egyptian Copts working in Libya by ISIS and the subsequent air bombardment by the Egyptian air force of ISIS installations in Libya show how close the war and ISIS have come to Europe. If Syria and Iraq are considered still far from the EU heartland, Libya is only a few hundred nautical miles away from the coasts of Italy, Malta and Greece. This is too close for comfort. What can Europe do to address these emerging threats that are getting closer and closer to its soil? What it can certainly not afford to do is stay idle and wait. In this article I suggest a few measures that should at least be considered by the European leaders and the EU Institutions. One may think that such measures would move the EU closer to integration in defence and security matters, and that would probably be right, but that should not constitute a reason for panicking. On the contrary, one should start to worry about the future of a Europe facing determined enemies that stays fragmented and expects the US and others to do the heavy lifting for its security.

Modernizing Greece: which structural reforms?

Greece’s problem is not a lack of liberalization, deregulation and privatizations but rather the weakness of its public institutions, underpinned by a chronic revenue shortage. In effect, you may liberalize and deregulate as much as you want but this is not going to make things better for Greece. A progressive agenda aiming to cure the Greek malaise would have to address the competitiveness deficit, low productivity, an overextended and inefficient public sector, an unjust tax system and a couple more core challenges…

Tense negotiations continue on Greece’s bailout terms

An agreement on the Greek bailout programme was initially supposed to be reached at the Eurogroup meeting of 11 February. As the finance ministers gathered it became clear that arriving at decisions would not be a matter that would be resolved in a day. Greece and its creditors could not even agree to a common press release

Greek “charm offensive” ends in collision with Germany

After a week of non-stop meetings by the Greek Prime Minister and his Finance Minister, Messrs Tsipras and Varoufakis, an apparent rift exists between Greece and Germany. With the ECB’s action to cut off the Greek banks from the ESM and instead use the ELA mechanism for liquidity, and Jeroen Dijselbloem’s outright rejection of a ‘bridge loan’, the situation is now at a standstill. While Greece sees the first demonstrations in support of its government, the current bailout programme ends on 28 February and Grexit re-enters the public discourse.

Syriza government: the first week

The press conference that followed the meeting of Finance Minister Yanis Varoufakis and the head of the Eurogroup Jeroen Dijsselbloem captured the attention of the European public. It was a media performance on both sides. Varoufakis drew his government’s hard lines and stated that they would no longer negotiate with the troika. Instead he put forward the demand for a conference to discuss debt relief. Deiselbloem’s performance of the infuriated eurocrat was out of protocol and has been largely understood as colonial by the Greek public. In a later communication with the Prime Minister Alexis Tsipras, Dijsselbloem referred to the episode as a misunderstanding.