Euro crisis

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 [...]

Draghi’s morphine has stalled the Eurozone’s reform efforts

More than three years after the EU leaders agreed to establish a banking union for the Eurozone, and Mario Draghi announced that he was ready to do “whatever it takes” to save the euro it is time to take stock of what has been achieved so far in making [...]

Few lights in the darkness: The Future of the Euro by Matthijs and Blyth

This an extraordinary book on the Euro and its future paths. It is an absolute must-read because it brings together some of the top scholars in the field who, as a team led by Matthias Matthijs and Mark Blyth, achieve something unusual in the literature: to analyse the multifaceted [...]

Global Spectator, by Andrés Ortega Bad is better than worst, but Europe has lost out in the endeavour

The Eurozone, and by extension the EU, has avoided a serious trip-up with Greece, although the danger is by no means past on what will be a long and difficult road ahead, at a very high cost to the Greeks and to the European project itself. Nevertheless, the third [...]

Global Spectator, by Andrés Ortega The euro: uncertainty about tomorrow, but plans for 2025

It may seem a paradox: we do not know what is going to happen to the Greeks and the Eurozone in less than a week, but the EU’s institutions are already thinking and planning ahead for 2025. And yet, they have to do it, come what may as regards [...]

The Odd Anatomy of the Euro

I have spent more than ten years studying the evolution of the European Monetary Union (yes, even my Master dissertation at the University of Manchester written in 2004 was on the single currency). During all this time I have had many moments where I was lost in my thoughts, [...]

Global Spectator, by Andrés Ortega Tsipras seeks some leeway

The Tsipras’ government has soon discovered what sharing sovereignty means in the Eurozone, especially in a country being rescued by “the institutions” (we no longer call them the Troika). Many comments, especially from outside Greece (but even from Syriza’s more leftist factions) consider that the concessions made by the [...]

Cyprus: small sized but strategically located

On 17 September, Ioannis Kasoulides, the Cypriot Minister of Foreign Affairs and former Vice-president of the European People’s Party (EPP) in the European Parliament, visited the Elcano Royal Institute for a working lunch. httpv://youtu.be/a_7P3F7e1Iw Click to watch the video Mr Kasoulides highlighted the close relations between Spain and Cyprus, [...]
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