The Euro Area
From Deauville to Meseberg or How Euro Area Reform Is Evolving* On 15 September, it will be 10 years since the crash of Lehman Brothers which marked the beginning of the severest global financial crisis since the Great Depression, which had the potential to ruin the euro area and hence the EU. In the past decade the world has radically changed. The financial ...
Normalisation of Growth in the Euro Area or Dark Clouds? It is growingly evident that by June, when the deadline of Donald Tusk's Leaders' Agenda expires, there will be not even an 'r' left of the euro area reforms. The question is, though, whether circumstances would push the member states, again, to be more active. And the circumstances are a weaken ...
March 4th - the First Major Political Quake in EU in 2018 While the Bulgarians will be getting sober on 4 March after the March 3 celebrations of Independence Day - some celebrating that Putin did not comet this time round and others that, after all, the holiday was honoured by his spiritual hand, Patriarch Kirill, amid the Bulgarian EU ...
The Foretold Election of Mario Centeno as Eurogroup President On December 4, eurozone finance ministers chose their new president for the next two and a half years - Portuguese Finance Minister Mario Centeno. With the election of the successor to the current chairman, Jeroen Dijsselbloem (the Netherlands, Socialists and Democrats), the so-called Eurogroup ...
ESM To Transform into a European Monetary Fund This year is on its way to repeat the ambition of 2012 when the construction of the banking union started and when the permanent rescue fund of the euro area was created. That was the year when a big step in the euro area integration was made and in the EU at large. After a five-year deadlock in ...
Bulgaria Entered a Schengen Mode for the Eurozone Too The Cooperation and Verification Mechanism (CVM) of the European Commission proved an obstacle not only for Bulgaria's membership in Schengen but the euro area, too. The July Eurogroup discussed Bulgaria's application for membership in the common currency and changed for the first time its ...
Isn't It Time to Admit that the Window of Opportunity for a Eurozone Reform Is Closed? In less than a year, the plans for a reform of the euro area went through several physical conditions. After Emmanuel Macron's election as president of France in the end of last spring, preparations started bubbling up for an almost quantum leap in the deepening of euro area integration. Integra ...
Will EU Miss the Window of Opportunity to Deepen the EMU? In 2017, for the first time in five years, a rare opportunity opened to upgrade the euro area. With the election of Emmanuel Macron, UK's leaving and the good economic and fiscal conditions the reformist atmosphere of 2012 has returned. Back then a decision was taken to build a banking union. Fi ...
Croatia Is Starting Preparations To Join Eurozone The EU's newest member state is starting for a new objective - membership, first in Schengen, and then in the euro area. The Croatian government expects preparations for Schengen to be completed in 2019 and for the euro area it will take more time. To Prime Minister Andrej Plenkovic this is an e ...
Croatia Chooses To Be in the EU Core Croatia made its choice for its future in the EU by choosing, out of the several options of integration, to be in the core of the EU, which this autumn begins a major overhaul that will deepen the integration in areas like defence, security, justice, the euro area. Croatia Prime Minister Andrej ...
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