Spotlight on Geopolitics

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We’re heading towards a Soviet-style union run by a Politburo made up of national political leaders uninterested in consulting the European Parliament on important decisions affecting our lives. Whilst in Brussels where the EU heads of government were busily hammering out measures aimed at solving the euro-crisis, Martin Schulz held his first speech as President… » read more

Posted by Florian Pantazi

Towards a two-union Europe ?

Standard & Poor’s decision this week to downgrade the country ratings of France, Italy, Spain and Portugal, not only aggravates the sovereign debt crisis, but it actually divides the EU in two. The most affected group is made up of the Latin countries bordering the Mediterranean. Their interest bills are going to rise to levels… » read more

Posted by Florian Pantazi

Before the G20 meeting in Cannes, the unthinkable happened. To the utter surprise of EU and G20 leaders alike, Greek prime minister George Papandreou dropped the bombshell announcement about the referendum on the bailout package. Stock prices plummeted, the G20 agenda was undermined, and the leaders who had been working to save Greece from default… » read more

Posted by Florian Pantazi

Two-speed Europe

The decisions agreed upon by EU leaders during the 26th of October summit – the leveraging of EFSP, the “voluntary” 50 percent reduction of Greece’s debt, improved coordination of fiscal policies within the eurozone countries, the appointment of a super-commissioner with fiscal oversight responsibilities – have all been judged as steps in the right direction… » read more

Posted by Florian Pantazi

According to the laws of aerodynamics, the honey bee is too heavy and its wing shape cannot support it in the air. This, nevertheless, does not prevent it from flying and tirelessly collecting pollen every day, which is the essential raw ingredient in the production of honey. The sovereign debt crisis has provided fodder to… » read more

Posted by Florian Pantazi

Is the eurozone shrinking ?

Over the next few days, EU political leaders have to decide what to do about the Greek debt crisis. Leading economists and quite a number of EU politicians are deeply divided when it comes to putting together another large financial rescue package. Economists like Professor Hans-Werner Sinn and Professor Kenneth Rogoff argue for a shrinking… » read more

Posted by Florian Pantazi

Major trouble, we learn from the Chinese, can be likened to a tunnel we have to go through until we reach the other side. It is hard to say whether the sovereign debt crisis that hit the eurozone two years ago is about to be dealt with more decisively this fall. To be sure, a… » read more

Posted by Florian Pantazi

Talking down the euro

Since last December, the credit rating agencies, economic pundits and the transatlantic financial media have intensified their dire predictions regarding the euro’s chances of survival. This, however, should come as no surprise, as the eurozone governments are expected to sell no less than 850 billion euros in government paper in the first trimester of 2011.… » read more

Posted by Florian Pantazi