Sunday, January 27, 2013

Economists at Davos say Euro Crisis isn't over


Europe's Crisis Not Over Say Bankers, Policymakers

http://www.cnbc.com/id/100410072


World Economic Forum wraps up in Davos

During last day of meetings, world financial leaders warn that more needs to be done to stabilise global economy.
 

Tuesday, January 22, 2013

The Elysee Treaty at 50

 

From Der Spiegel: 'Enough Sauerkraut and Beer': France and Germany Celebrate 50 Years of Friendship: Jacques Delores and Joschka Fischer discuss the Elysee Treaty

http://www.spiegel.de/international/europe/jacques-delors-and-joschka-fischer-discuss-50-years-of-the-elysee-treaty-a-878755.html

 
From Reuters: Germany, France paper over euro cracks in show of unity:
German Chancellor Merkel and French President Hollande salute to each other during a private dinner in a Berlin restaurant
 
 
Mali crisis tests Franco-German friendship on 50th anniversary of historic accord

Read more: http://www.foxnews.com/world/2013/01/21/mali-crisis-tests-franco-german-friendship-on-50th-anniversary-historic-accord/#ixzz2Ii9fVTAp

Sunday, January 6, 2013

It's a new year - but concerns remain about the Euro Zone

The New York times has published a photo essay which looks at the human cost of austerity measures which have been implemented in the hard hit economies of Greece, Spain, Portugal and Latvia: http://www.nytimes.com/interactive/2012/12/30/world/europe/eurocrisis-photos.html


In the meantime, an economist at the IMF says that the impact of austerity was underestimated in Greece: http://greece.greekreporter.com/2013/01/05/imf-miscalculated-greek-austerity-effect/

The Euro Zone leaders have agreed to terms on a banking union, but this doesn't mean that the crisis is over -- there is still a possibility of Greece leaving the Euro, and many of the major issues still must be negotiated.  We can expect to see ongoing regular meetings between Euro zone finance ministers and leaders over the next year:
http://www.washingtonpost.com/world/europe/european-leaders-hail-breakthrough-in-debt-crisis/2013/01/04/7e32429c-55a0-11e2-89de-76c1c54b1418_story_1.html