Eurozone finance ministers have agreed a new system for dealing with failing European banks, with the agreement being seen as an important step toward creating a European ‘banking union’. Emmanuel Mourlon-Druol writes that while the aim of creating a banking union has been portrayed as a relatively recent phenomenon, it has a much longer history stretching back to the early […]
Conspiracy theories have long played a part in political debates. Following the recent meeting of the Bilderberg group in Watford, Joseph E. Uscinski assesses why the popularity of conspiracy theories has proven so resilient. He argues that some of the most common explanations, such as the notion that a belief in conspiracy theories reflects psychological defects like paranoia or mental […]
Outrage over tax avoidance has bubbled up this week with the visit of Google’s executive chairman Eric Schmidt to the UK. The crucial agreement that has brought criticism of Google is that the sale of a product over the internet is treated just like the sale of its physical equivalent, and therefore taxed in the country where the company is […]
Five minutes with Saskia Sassen: “The issue right now is not the lack of discipline in Eurozone economies; it’s the financialisation of everything”
Has the Eurozone crisis undermined Europe’s place in the world? In an interview with EUROPP’s editors Stuart A Brown and Chris Gilson, Saskia Sassen discusses the role of finance in the crisis, the threat posed by transnational systems of surveillance, and the potential for public disorder to give a political voice to the powerless. In your view, what is the […]
The current crisis in the eurozone has roots going back four decades to the negotiations that eventually led to the introduction of the Euro. In A Europe Made of Money, Emmanuel Mourlon-Druol examines those negotiations and the politics and motivations of those that participated. Aidan Regan finds that the book illustrates the important role played by political elites and EU […]
A cap on bankers’ bonuses is needed to limit excessive risk taking and the associated costs to the taxpayer.
A provisional EU agreement has been reached on the principle of capping bonuses in the European banking industry. Sony Kapoor and Philippe Lamberts present a case in favour of such a cap, arguing that the current skewed incentives faced by bankers drive excessive risk-taking, which ultimately has to be paid for by taxpayers. The European Parliament is right to limit […]
A European federal economic government is needed to run the fiscal union in the interests of states and taxpayers.
The UK coalition government’s recent policy towards Europe has had the effect of driving the country away from the EU – and potentially out of it altogether, writes Andrew Duff MEP. He argues that while the UK is pushing itself away, the EU is now preaching, if not practicing, enhanced cooperation. But this is no longer enough to tackle the […]
If Greece does not do enough to convince its creditors to maintain the flow of funding, it will be in default. But this does not necessarily mean a Euro exit.
Following elections earlier this month, Greece’s political parties failed to form a government, and fresh elections are now set for June. Christopher Alessi of the European Council on Foreign relations interviews the LSE’s Iain Begg, who argues that while the political and economic uncertainty in Greece is likely to have a dampening effect on the global economy by aggravating uncertainty, […]