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The fragility of banks in the Eurozone’s periphery means that proposals for a European wide bank resolution fund are likely doomed to fail.

Many countries used public funds to bail out struggling banks at the onset of the financial crisis. Now, with austerity still biting, the chances of further bank bailouts by national authorities are relatively slim. Clemens Fuest examines Internal Market Commissioner Michel Barnier’s recent proposals for the European Commission to take responsibility for bank restructuring and the creation of a European […]


After a period of political turmoil, Romania is building on its strengths and looking outwards for investment to stimulate growth.

Last year, Romanian politics was rocked with infighting between the country’s Prime Minister, Victor Ponta, and President, Traian Basescu. Clara Volintiru writes that the country has largely moved on from its political squabble, and is now positioning itself as an attractive target for investment compared with its neighbours in Central and Eastern Europe. Whether this strategy will bring the growth […]


Despite Luxembourg heading for snap elections, long term political change seems unlikely.

Earlier this month, Luxembourg’s centre right Prime Minister Jean Claude Juncker ended a debate on the parliamentary inquiry on the dysfunctions of the Luxembourgish secret service by calling snap elections, after it became clear that he no longer had the support of his coalition partner, the social democratic party. Martine Huberty presents the background to this extraordinary event and argues that […]


Book Review: Philosophy and Resistance in the Crisis: Greece and the Future of Europe

This book is about the global crisis and the right to resistance, about neoliberal biopolitics and direct democracy, about the responsibility of intellectuals and the poetry of the multitude. Using Greece as an example, Costas Douzinas argues that the persistent sequence of protests, uprisings and revolutions has radically changed the political landscape. This new politics is the latest example of […]


Book Review: Global NATO and the Catastrophic Failure in Libya

Horace Campbell investigates the political and economic crises of the early twenty-first century through the prism of NATO’s intervention in Libya. He traces the origins of the conflict, situates it in the broader context of the Arab Spring uprisings, and explains the expanded role of a post-Cold War NATO. This military organization is the instrument through which the capitalist class […]


Growing discontent within the European Union provides an opportunity for David Cameron for reform

Recent surveys suggest that Euroscepticism in Britain is most highly associated with those identifying as English. Adam Evans argues, however, that it is important to take a broader view of public attitudes to the EU. Declining levels of confidence in the institutions and policies of the Union and the repositioning of formerly enthusiastic integrationists like the Dutch and Germans appear to offer Cameron a […]