The insanity of the “troika” (EU-IMF-ECB) to demand more austerity, more of the drug that utterly failed to contain the spiraling depression in Greece, meets the approval of the Greek government that seems to be determined to take whatever measures necessary to appease the troika’s officials and receive the next tranche of loans that will […]
Scenes from London. Image Source: Global Public Square – CNN Violence erupted in London and some other cities across the UK. Young men and women from poor neighborhoods went out on the streets looting shops, setting buildings ablaze and fighting the police. The events have been characterized as “nothing more than wanton criminality”. Is this […]
The biggest socio-economic problem North Africa will face in the coming 20 years is to put its millions of young people to work. Egypt alone will need to absorb one million youngsters newly arriving annually at labour market, in addition to several million chronically unemployed. To that end it will have to engage in massive […]
What will be the future of Schengen? Image source: Europe of Human Rights On July 4 the Danish authorities decided to reintroduce customs controls. A decision which is directly against the fundamental principles of the Schengen Agreement, that provide for free movement among all states that signed the agreement. Before labeling Denmark as the “black […]
Regular readers will know that FinancialGuy has a “bee in his bonnet” about the Innovation Union. This is largely caused by a sense of despair. It seems clear that for Europe to build the economy that we need to see, an economy that can pull us fro…
Solutions from Slovakia on the Eurozone Crisis Directed utilization of a mix of instruments 1.) Restructuring parts of debt forgiveness (15-20%) 2.) Internal devaluation (20-25%) 3.) Measures by the Greek government for more effective tax collection and elimination of unproductive expenditures. 4.) Bridging loans from Eurozone mechanisms and the IMF. Together the above form a… » read more
I really like the title by EurActiv France: “Schengen : la France opportuniste“. By introducing de facto border controls at its borders with Italy, France created a huge political turmoil. But the bad example is always contagious. When Denmark did something worse, announcing it would re-introduce border controls at all its borders, France appeared as […]
With a European Council summit and the prospect of another eurozone bailout high on the agenda, it seemed fitting that there was a mass rally against UK public sector spending cuts in central London yesterday.
The new Hungarian constitution will be ready on 15 March and will be adopted a month later, its main author MEP József Szájer, who wrote part of it on his iPad, told me in an interview.
For Greece, it all started in late 2009. One bright day around mid-November, the now ruling Socialist government of G. Papandreou decided to take Greece out of the closet and reveal the true size of Greece’s deficit to the world. The funny thing is, back then no one was really shocked. “Greek statistics”, the constant… » read more
The retiring President of the German Central Bank, Axel Weber, has most recently warned German citizens that the recent and still ongoing German “boom” will be followed by meagre years with the Gross National Product growing by a mere one percent annually, leaving very little room for wage increases.
OVER THE past five years, the US has witnessed a spectacular revival of its gas production thanks to newly developed technologies allowing the extraction of gas by injecting water and chemicals under high pressure and crushing rocks that contain gas at depths of several hundreds (or even thousands) of meters. Today, shale gas amounts to… » read more
Many youth decide to follow the courses of an educational institution without knowing if that particular career fits their personality or not. Furthermore, most of the theoretic courses don’t prepare students for the real-life experience of a certain profession.
Franco-German plans for a Competitiveness pact, which were put forward at the last EU summit have been met with great skepticism but done right, they could help address key areas of structural weaknesses.
One result of Europe’s economic crisis is the newfound willingness to abandon the softly-softly approach to consensus decision making. A microcosm of this phenomenon can be seen in efforts to agree a single European patent.