Brexit

Italy’s best solution: private interest with a side of public bailout

If the United Kingdom’s vote to leave the European Union was the entree, let Italy’s spoiled banking system be the bitter dessert. Shares of Italian banks plummeted after the June 23 Brexit vote and have fallen 57% since this time last year. At the center of Italy’s bank problem [...]

NATO and the EU: finally, in a common-law marriage

They have been living together in Brussels since 1966, but with their backs to each other, as though ‘on different planets’, as the President of the European Council Donald Tusk put it. The recent crises and threats, their complementary nature in a world in which nothing is entirely resolved [...]

Global Spectator, by Andrés Ortega Regrexit, or indefinite postponement?

The vote in favour of Brexit in the British referendum of 23 June has wrought devastation on the British political stage. So much so that it is not inconceivable that the UK’s departure from the EU will never actually happen. Much will depend on what transpires in British politics; [...]

Global Spectator, by Andrés Ortega The reversibility of Europe

Since 1972, 58 referendums have been held on the EU, whether on joining it, extending it or governing it. As a report from Notre Europe points out, almost all had consequences (one of the exceptions was Spain’s 2005 referendum on the treaty establishing a constitution for Europe, a project [...]

(A very preliminary assessment of) the global presence of the European Union without the United Kingdom

The implications of the EU referendum held in the United Kingdom are both deep and wide (see, for instance, an analysis of its implications for the European process here). This short piece aims at assessing (very preliminary) one of its derivatives, which is the value and features of the [...]

Global Spectator, by Andrés Ortega Spanish elections on 26 June: Have Spaniards fallen out of love with Europe?

The EU has been, and continues to be, an essential frame of reference for Spain. In the debates during this new election campaign people have occasionally resorted to expressions such as ‘Brussels demands that we…’ and ‘Brussels asks us to…’, sometimes forgetting that we ourselves are part of Brussels, [...]

Brexit talk is pushing the City of London closer to Frankfurt

My five years as a PhD student, first in Oxford (Brookes) and then as a post-doc at LSE, have told me that the smart people from the UK, especially those working in the City, see the Euro project thus: European Economic and Monetary Union (EMU) is like a ship [...]

The euro: an orphan who no longer needs his parents?

When my colleague Erik Jones told me that Martin Sandbu’s Europe’s Orphan: the Future of the Euro and the Politics of Debt was the best book on the Eurozone crisis, I was sceptical. Usually the analysis that comes from the Anglo-Saxon world does not grasp the complex sociology and [...]

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