Miguel Otero-Iglesias

Italy’s struggle with the euro straitjacket

Paolo Gentiloni took over from Matteo Renzi as Italian Prime Minister in December, but the country’s politics remain volatile amid infighting within Renzi’s Democratic Party and calls from the Five Star Movement for a referendum on Italy leaving the euro. Miguel Otero-Iglesias highlights the widespread anger some voters feel toward the EU and Germany, but suggests that even if Grillo […]

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    Intentionally or otherwise, Schäuble has killed off the prospect of a Grexit

Intentionally or otherwise, Schäuble has killed off the prospect of a Grexit

One of the more controversial ideas put forward during the Greek debt crisis has been the suggestion by the German Finance Minister, Wolfgang Schäuble, that Greece could temporarily leave the Eurozone for a period of five years. Miguel Otero-Iglesias writes that while the idea itself has been widely criticised, the hard-line taken by Schäuble, and the subsequent U-turn by […]

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    We should be wary of removing the ECB from the troika to facilitate the use of outright monetary transactions

We should be wary of removing the ECB from the troika to facilitate the use of outright monetary transactions

A key legal debate in the context of the Eurozone crisis is whether so called ‘Outright Monetary Transactions’(OMT), which would allow the European Central Bank (ECB) to buy unlimited numbers of government bonds in secondary markets, are compatible with European law. The latest development in this debate came last week when one of the Advocates General of the European […]

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    Coverage of the Commission President candidates in the Spanish media shows the Spitzenkandidaten process had a wide reach across Europe

Coverage of the Commission President candidates in the Spanish media shows the Spitzenkandidaten process had a wide reach across Europe

The proposal of candidates for President of the European Commission prior to the 2014 European Parliament elections was criticised by the British government on the grounds that it did not fully engage European citizens. Miguel Otero-Iglesias and Kristina Lani assess the coverage of the process in the Spanish media, illustrating that the candidates received just as much attention in […]

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    Alexis Tsipras’ support for Juncker shows the extent to which the UK’s position is out of sync with public opinion across the EU

Alexis Tsipras’ support for Juncker shows the extent to which the UK’s position is out of sync with public opinion across the EU

David Cameron has opposed Jean-Claude Juncker’s candidacy for the next President of the European Commission. Miguel Otero-Iglesias writes that while Juncker may not be the best candidate for the job, he is the most legitimate from a democratic perspective. He notes that with even Alexis Tsipras, the leader of the left-wing SYRIZA party in Greece and Commission President candidate […]

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Book Review: Europe in Crisis: Bolt From the Blue?

Since it began nearly four years ago, the Eurozone crisis has had wide reaching effects across the continent and beyond. Europe in Crisis: Bolt From the Blue? is an early attempt to understand the complexities and existential challenges that the EU now faces. The book looks at the crisis’ history and causes, as well as what some of its outcomes might […]

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A new Eurotreasury could help the Eurozone’s periphery to regain its economic sovereignty

The establishment of the euro meant that for the first time in history, the national monetary policy of many European countries became pooled at a transnational level. Miguel Otero-Iglesias writes that a consequence of this is the movement of economic sovereignty towards Berlin and Brussels, and away from the Eurozone’s periphery. He argues that greater economic union combined with a […]

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The eurozone crisis may need to get worse before it can be solved

The eurozone is facing a complex competitiveness, fiscal, banking and political crisis. Miguel Otero-Iglesias writes that the fundamental problem is that the countries of the eurozone are unwilling to hand over sovereignty to an EU centre. He argues that the significant political obstacles to reform may mean that the crisis will have to get worse in Spain, Italy, and even […]

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