Europe risks returning to a recession storm for the fourth time in less than 15 years. After the crisis of 2007-2008, the long phase of instability following the 2010-2011 sovereign debt crisis, alleviated only by the 2015 launch of quantative...
Ever since the British people voted for Brexit, it has become incredibly fashionable to argue that their economy will decline while the European Union’s will power ahead. For more than five years, one economist after another lined up to predict...
The European Union is fundamentally failing to manage the coronavirus crisis. Much of the continent remains locked down, member states are furious at the European Commission and 2021 looks set to be as difficult as 2020 across much of the...
As the Greek, Cypriot and Turkish dispute on the status of the islands and the maritime boundaries among the three countries continues, EU Foreign Ministers held a Gymnich meeting on Friday August 28 to discuss possible sanctions against Turkey. The...
German Minister of Foreign Affairs Heiko Maas visited Greece and Turkey on August 25 in an attempt to ease the growing tensions in the Eastern Mediterranean. Maas’ visit came at a moment of constant frictions between the neighboring countries, as...
Turkey has drawn significant international criticism over alleged tension with fellow NATO members and Turkish President Recep Erdogan’s recent controversial decision to turn Hagia Sophia into a mosque. Even though talks over economic sanctions on Turkey are supposedly taking place,...
The nineteen eurozone countries have voted their new chair: Ireland’s finance minister Donohoe. He is the successor to Portugal’s Centeno and must steer the Eurogroup through – inter alia – the worst recession in its history. Paschal Donohoe has become...
The UK and EU are crawling closer toward a no-deal Brexit despite the coronavirus pandemic having stolen valuable negotiating time. The two parties are now back at work trying to reach an agreement and many European states wish to see...
French President Emmanuel Macron provided a stark warning to his EU counterparts on Friday as he warned that the bloc is facing a “moment of truth.” He is arguing that the COVID-19 crisis has strengthened the need for greater solidarity...
By August of 2018 Greece was finally leaving behind a long grim period: eight years of grave austerity measures and continuous bailouts. The consequences of these years have been devastating for the Greek economy, with youth unemployment rising well over...
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