Tag Archives: Eurozone crisis

Apr 25 2013

Solving Europe’s fiscal problems will require a new approach to economic governance

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Robert D. Atkinson argues that Europe faces a quandary: the difficult fiscal straits most European nations face precludes “Keynesian” stimulus policies to spur demand. Yet austerity is a recipe for stagnation, even decline. But without austerity, budget deficits threaten the trust in … Continue reading

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Apr 12 2013

Germany must share some of the blame for the persistence of the economic crisis in Spain.

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Spain has been hit hard by the Eurozone crisis, with unemployment levels pushing towards 27 per cent. Vicente Navarro writes on the role that Germany, the most powerful EU state, has played in the Spanish crisis. He argues that German … Continue reading

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Apr 8 2013

The lesson from Cyprus is that large bank deposits are potentially at risk in other struggling Eurozone countries.

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The Cyprus crisis is likely to generate a number of political and economic problems for the country in the short term. Charles Goodhart assesses the impact on Cyprus’s economy and the fallout from the bank levy imposed on large depositors … Continue reading

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Mar 26 2013

The crisis in Cyprus not only threatens the Cypriot economy, but might also undermine the country’s relations with key partners and allies.

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On Monday, the Cypriot government agreed a €10 billion bailout deal with the European Union and the International Monetary Fund, following a week of uncertainty and controversy. James Ker-Lindsay writes that while the situation has damaged Cyprus’s economy, it has … Continue reading

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Mar 21 2013

The Cyprus fiasco has all the hallmarks of a classic ‘whodunnit’

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Cyprus’s parliament has rejected a proposed agreement to levy €5.8 billion from Cypriot bank accounts as part of the country’s bailout deal. Sony Kapoor argues that despite the extremely negative reaction to the proposal, the other options facing Cyprus are … Continue reading

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Mar 13 2013

The people of Southern Italy are once again feeling dominated by the Italian, European, and Global North.

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Italy’s recent elections have refocused attention on the county’s economy and widespread dissatisfaction with austerity policies. From her research on the Italian region of Calabria, Stavroula Pipyrou writes that the economic crisis has been especially harsh on Southern Italy. Those … Continue reading

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