debating progressive politics in Europe and beyond
With Greece obtaining the approval of a majority of private sector investors to renege on part of its debt, policy makers across Europe have been quick in expressing their optimism. We have seen several statements testifying to this such as: ‘the light at the end of the tunnel is now closer than before’/‘the worst of [...]
In the aftermath of the most recent European Council, there was an avalanche of public statements which, in effect, put the Council’s policy package into serious doubt. One statement in particular deserves further analysis. In an interview with Frankfurter Allgemeine Sonntagszeitung on the 11th of December, Bundesbank president Jens Weidmann expressed the view that the [...]
Everyone knows that Greece will default on its external debt. The only question concerns the best way to arrange it so that no one really understands that Greece is actually defaulting. On this topic, there is no shortage of expert plans – among them bond buy-backs, bond swaps, and the creation of Eurobonds, a European [...]
The time has come for New Year’s resolutions, a moment of reflection. When the last year hasn’t gone so well, it is a time for hope that the next year will be better. For Europe and the United States, 2010 was a year of disappointment. It’s been three years since the bubble broke, and more [...]
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