Eurozone: A year of fighting debt
Jack Barton, CCTV (Chinese TV), 27.10.2012
Interview on the perspectives for the Eurozone. Parts of the interview were shown by the Chinese broadcasting company CCTV.
"Friday marks the first anniversary of a major EU agreement to fight sovereign debt in the Eurozone.
In Spain the unemployment rate passed 25 percent on Friday still not as bad as Greece, where soup kitchens like these have become a common sight.
It looks like little has improved exactly one year after Brussels boosted the firepower of the old bailout fund, ordered the recapitalization of banks and forced private investors to accept a 50 percent write down on their Greek bonds.
But those measures along with the European Central Bank’s guarantee to be a lender of last resort have convinced policy experts that at least fears of a Euro area breakup are over.
Janis Emmanouilidis, Senior Analyst of European Policy Center, said, "There are different things that have happened over the last weeks, months and year, which makes one more confident that on a systemic level the Eurozone crisis seems to be in a better situation. The Euro the currency seems to be not any longer threatened by an implosion as maybe it was before this summer".
But serious challenges remain.
"You do not have a clear answer to the Spanish question, the Greek crisis is still looming". Janis Emmanouilidis said. […]
See original text and TV clip here.
Latest media contributions
European Populists Who Looked to Trump Now Look Away
Quotes, The New York Times, 13.01.2021
EPC Update – State of the Union & challenges for 2021
Online Briefing, YouTube, 08.01.2021
Taking Stock of the German EU Council Presidency and Identifying Challenges for 2021
Online DGAP-EPC Event, YouTube, 15.12.2020
Alemania al mando del Consejo Europeo: logros y fracasos
Quotes, Deutsche Welle (Spanish), 15.12.2020
Jokes About Hungarian ‘Dictator’ Masked Breach at Heart of EU
Quotes, Bloomberg, 10.12.2020
"Gesamtnote 2- oder 3+"
Quotes, tagesschau, 01.12.2020
Europas Erfolge, Europas Enttäuschungen: Das erste Jahr der neuen EU-Spitze
Podcast, hr info, 01.12.2020
Die Zeit kühner Prognosen ist vorüber
Quotes, Die Presse (Austria), 27.11.2020
EPC Annual Conference 2020 – European integration in light of COVID-19: United in adversity or my country first?
Online Conference, YouTube, 13.11.2020
US election: EU pins hopes on Joe Biden victory
Quotes, Deutsche Welle (English), 01.11.2020