Tag Archives: Eurozone

The success and failure of the euro and the Greek drama – By George Konstantinidis

7 Jun

“The euro is much more than just a currency, it is a symbol of European integration in every sense of the word” Wim Duisenberg – former chief of the European Central Bank, 30th August 2001.

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Can Europe beat Germany? – By Nadim Souss

6 Jun

The financial situation in Europe is by no means simple. With Greece still recovering from a huge financial meltdown, the debt-ridden governments of both Italy and Spain look to be next in this financial apocalypse. Within the ‘fatherland’, Angela Merkel is still calling for austerity measures, while the rest of Europe seems to have lost its interest in what some are calling ‘the new European republic’. The ruling right wing coalitions in many countries responsible for this debacle are one after the other being ousted from power. The election of François Hollande in France and the strengthening of SYRIZA (coalition of the radical left) in Greece, is a strong sign that the tide is turning and that the severe programmes long-favoured by many as a recipe for economic recovery at the expense of the social welfare are no longer to be accepted by the governed. Continue reading