Paris and Athens give Brussels a policy headache
Luke Baker, Reuters, 07.05.2012
Pity Europe's policymakers. For 2-1/2 years they have sought a way out of the biggest crisis to strike the European project since its founding over 50 years ago, and for 2-1/2 years one drama after another has stumped them. […]
The destabilizing impact has already been seen in financial markets, with the euro weakening against the dollar, European bank stocks falling to three-year lows and yields on government bonds in Italy and Spain rising.
"The situation today is much more complicated than it was yesterday," said Janis Emmanouilidis, a senior analyst at the European Policy Centre, a Brussels think-tank.
"Uncertainty has been a driver of this crisis since the beginning, and what has emerged from the Greek vote in particular has only underlined that uncertainty." […]
Others echo that view in part, although they emphasize that it may be some time before anything positive emerges.
"The immediate outcome is negative, but that doesn't mean there aren't positives in the medium-term," said Emmanouilidis. "This is going to put pressure on everyone to deliver."
One advantage for the euro zone is the weakening of the euro, which will help exporters and growth. For two years, the currency has remained firm against other major currencies despite the debt crisis. That trend has shifted in recent weeks. [...]
For the entire article see 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
Alemania al mando del Consejo Europeo: logros y fracasos
Quotes, Deutsche Welle (Spanish), 15.12.2020
Taking Stock of the German EU Council Presidency and Identifying Challenges for 2021
Online DGAP-EPC Event, YouTube, 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