Euro zone

Global Spectator, by Andrés Ortega The Europe of small things

Small things matter to the way its citizens perceive the EU, as much as, or even more than grand schemes. By chance two things have come along at the same time, one a major breakthrough in the form of the elimination of roaming charges in the EU (plus Norway, [...]

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 [...]

Spain’s failure yet again to meet budget deficit target strains relations with Brussels

The conservative Popular Party (PP) government widely failed to meet the 2015 budget deficit target agreed with the European Commission (EC), leaving a daunting legacy for the next administration, whenever there is one, further eroding Spain’s credibility and straining relations with Brussels which will be asked for more time [...]

Global Spectator, by Andrés Ortega European prose for David Cameron: not much changes

David Cameron emerged with his spoils. But also to some extent did we. He secured a special status in the EU. But he already had that, and things have scarcely changed. In the final analysis, like Monsieur Jourdain, he has done nothing but talk in European prose, although the [...]

Global Spectator, by Andrés Ortega Illiberal demagoguery splits Europe at the seams

Some of the EU’s poorly sewn seams are splitting. The rift between North and South, or between creditors and debtors, is still there and has been fully solved following the agreement with Greece. The possibility of a Brexit, with the UK breaking away, is quite real. But the greatest [...]

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 [...]

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 [...]
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