Sunday, September 16, 2012

An eventful week in Europe

On Wednesday the German Constitutional Court ruled that Germany could take part in the European Stability Mechanism: http://www.cnn.com/2012/09/12/business/german-constitutional-court-esm/index.html?hpt=wo_c2

After the ECB announced last week that it would basically become the "lender of last resort" for Eurozone countries Jose Manuel Barroso pushed for a more federal Europe in his state of the European Union speech:
http://www.presseurop.eu/en/content/press-review/2687731-barroso-utters-dreaded-word

He defended his position in a lively interview with Richard Quest of CNN: http://www.cnn.com/2012/09/13/business/barroso-europe-federal-states/index.html?hpt=ieu_c2

The Dutch election showed that there is still support for the EU and the Euro currency:
http://www.bloomberg.com/news/2012-09-13/dutch-election-suggests-europe-hasn-t-lost-its-mind-just-yet.html

The Economist opines on whether the recent moves by the ECB and Euro Zone countries are enough to end the crisis: http://www.economist.com/node/21562915

Steven Erlanger of the New York Times provides an overview of the weeks events:
http://www.nytimes.com/2012/09/14/world/europe/european-union-celebrates-german-and-dutch-decisions.html?_r=1

Along with the debt crisis, illegal immigration continues to be a challenge for Greece: http://online.wsj.com/article/SB10000872396390444506004577617383132000476.html

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