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    The European Parliament elections may be a landmark for Eurosceptics, but the EU’s future direction will be decided elsewhere

The European Parliament elections may be a landmark for Eurosceptics, but the EU’s future direction will be decided elsewhere

The European Parliament elections on 22-25 May are expected to see a large increase in seats for Eurosceptic parties across a number of EU countries. Seamus Nevin writes that while a result of this nature would prompt a wide debate about the quality of EU democracy, the key decisions shaping Europe’s future will nevertheless be made elsewhere. The real […]

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    The Eurozone crisis has laid the foundations for Poland to take a more central role in EU affairs

The Eurozone crisis has laid the foundations for Poland to take a more central role in EU affairs

Poland became an EU member during the 2004 enlargement, but has yet to join the euro. Agata Gostyńska assesses the first ten years of Polish EU membership and the potential for the country to take a more central role in EU decision-making. She writes that Poland has made a successful transition from a ‘junior member state’ to a stronger […]

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    The lack of monetary sovereignty is not the reason Eurozone countries struggled during the crisis

The lack of monetary sovereignty is not the reason Eurozone countries struggled during the crisis

One of the most widespread arguments about the Eurozone crisis is that countries such as Greece, Spain and Italy have been hamstrung by their lack of monetary sovereignty and the ability to devalue their own currency. Deborah Mabbett and Waltraud Schelkle assess this perspective by comparing the experiences of Greece with Hungary, which does not use the euro, and […]

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    What has been agreed on banking union risks reigniting, rather than resolving the crisis

What has been agreed on banking union risks reigniting, rather than resolving the crisis

In December 2013 EU finance ministers negotiated an agreement aimed at establishing a banking union, with further talks between the European Parliament and the Member States ending in an agreement last week. Iain Begg provides a detailed overview of the main objectives of banking union and what has been agreed so far. He argues that while European leaders have […]

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Why the European Court of Justice should reject the German Constitutional Court’s ruling on Outright Monetary Transactions

Despite having a positive effect on the economic situation within the Eurozone, the European Central Bank’s Outright Monetary Transactions (OMT) program has proved controversial, with the German Constitutional Court in Karlsruhe recently deeming it illegal under EU law. Paul De Grauwe argues that the ruling reflects a serious misunderstanding of central banking on the part of the German Court, and […]

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The German economy is not as strong as it looks because of low internal investment and adverse demographic trends

The German economy has generally been perceived as the strongest in the Eurozone, particularly since the start of the financial crisis. Terence Tse argues that while the country has impressive headline economic figures, the situation is not quite as healthy as it appears. He notes that levels of internal investment are relatively low in comparison to other European countries, and […]

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