In its efforts to tackle banking crisis and avoid a bailout, Slovenia is now facing a crisis of democracy.

In recent months, many commentators have turned their attention towards Slovenia, with some predicting that the country may soon need to request a bailout from the ‘Troika’. With this in mind, Slovenia’s government has moved to push through a package of tax increases, public sector pay cuts, privatisations and bank reforms. Nicole Lindstrom argues that while the government’s reform agenda […]

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The second Greek rescue programme was not merely late, but also insufficient, making a third programme inevitable.

Last week the IMF published a review of the financial assistance given to Greece during its debt crisis. One of the key limitations identified in the report was that debt relief for the country was provided far later than it should have been. Waltraud Schelkle writes on the fallout from the report, which generated angry responses from both the European […]

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Brussels blog round-up for 1 – 7 June: IMF admits mistakes in Greek bailout, Brussels vs Brussels, and a red card for EU legislation?

Chris Gilson takes a look at the week in Brussels blogging. The EU centre and the crisis One of the main stories this week is the IMF’s admission that it made mistakes in the way that it and its Troika partners of the EU and European Central Bank (ECB) carried out Greece’s first bailout in 2010. The European Commission strongly disagreed […]

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Competing bureaucratic mandates have produced a ‘clash of organisations’ that impedes effective crisis management in Europe.

How does regional economic integration impact upon global economic governance? André Broome examines the evolution of bureaucratic cooperation between the International Monetary Fund (IMF) and the European Union between the signing of the Maastricht Treaty in 1992 and the launch of the euro in 1999. He finds that the exercise of informal influence by advocates for change within international organisations […]

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Brussels blog round-up for 6 – 12 April: Germany expects praise, Thatcher’s legacy for Europe, and will Juan Carlos abdicate?

Chris Gilson takes a look at the week in Brussels blogging.  The EU centre and the crisis  Portugal’s constitutional court recently rejected the terms of that country’s bailout by the EU/ECB/IMF Troika. Lost in EUrope praises the judges for upholding the country’s constitution, even as some media and Germany claim that the decision will mean the worsening of Portugal’s financial problems. […]

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The recent political history of Greece highlights the risk that the euro might become unaffordable for the mass of Europeans

The Greek MYPLACE team at Panteion University of Social and Political Sciences reflect on the recent political history of Greece. They argue that the unfolding of the ‘Grexit’ discourse, which equates the common currency with recessionary austerity measures, holds important lessons about the broader direction of travel within the Eurozone.  For the last three years Greek society has been experiencing an economic, […]

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