The Greek ‘Bailout’

As Greek politicians in the midst of post-election turmoil are told that they must implement the ‘bailout’ programme agreed with the EU and IMF it may be timely to reflect on that programme.  Added topicality arises from the fact that Charles Dallara is speaking at the Institute of International and European Affairs (IIEA) in Dublin ...

Roubini on the coming Spanish bailout

Nouriel Roubini advises that we "get ready for the Spanish bailout." And given recent experiences, there's little reason to expect that it will done well -- that is, as part of a realistic strategy for avoiding a self-defeating deflationary spiral. Hold on to your seats: Europe's rocky ride is far from over.

A growth pact?

The recent post by M.L.Paris discusses the possibility of a 'growth pact' arising from the election of Francois Hollande in France.  But part of the problem in analysing this issue is the ambiguity about what 'growth' means (and how best to promote it).  Consider the following statement from the Swedish Minister for Finance, speaking to ...

Does EU coherence matter in foreign policy?

This new article challenges a key piece of conventional wisdom on EU foreign policy: Daniel C. Thomas (2012). Still Punching below its Weight? Coherence and Effectiveness in European Union Foreign Policy. Journal of Common Market  Studies 50:3, 457-474. Abstract: Although scholars and practitioners have long argued that greater political coherence will make the EU a more effective international actor, ...

The future of intergovernmentalism

Many Europeans are hoping that the (presumed) victory of Francois Hollande in Sunday's presidential election in France will be the start of a new, less austerity-obsessed approach to Europe's current crisis. But change in the Elysee will not address an equally important development in recent years -- the declining role of community institutions in favour ...