While terms, such as ‘crisis’ and ‘politics in flux’, have been frequently applied to almost every shift in European and national-level politics and policies, the political repercussions of the on – going global economic crisis clearly deserve both those labels. Among the manifold political aspects of the crisis, three stand out. To start with, the [...]
Sylvie Goulard - Group of the Alliance of Liberals and Democrats for Europe On the basis of the report[1] by the high-level group, chaired by Jacques de Larosière, last year the Commission tabled a package consisting of the creation of a European Systemic Risk Board, under the auspices of the European Central Bank, dealing with [...]
Godfrey Bloom – Europe of Freedom and Democracy Group The concept of financial regulation across 27 countries most of whom have no experience of financial services is not just flawed but dangerous. The United Kingdom, yes the City of London, is the only world class centre for financial services in the European Union. This is [...]
Nikolaos Chountis – Confederal Group of the European United Left – Nordic Green Left After the stock market and oil crisis in 1970s, the world economic system in general, and the financial system in particular, were based on three “pillars”: a) the collapse of the fixed exchange rates system, b) the internationalization and liberalization of [...]
Rodi Kratsa-Tsagaropoulou – Group of the European People’s Party The end of this decade coincided with an enormous financial crisis, whose epicentre was the financial sector. Many would argue that all the mess that was brought forward because of the globalization of the markets could have been avoided, or at least its effects been mitigated, [...]
Set a point of no return, move past it, don’t worry about public opinion and let the details take care of themselves”. This is how Chancellor Helmut Kohl summarized the strategy that led to Maastricht and EMU. A policy well disliked by the German public that was unwilling to sacrifice the Deutschmark for the sake [...]
In the framework of its European Seminars, the Hellenic Foundation for European and Foreign Policy (ELIAMEP) organized an international high-level conference entitled: “The Delphic Oracle on Europe: Politics and Policies“. In the course of the conference a group of around 40 leading academics, practitioners, think tankers and journalists analysed and evaluated the outcome of the [...]
Following the sudden resignation of its secretary, Walter Veltroni, the Italian Democratic Party has entered into a serious crisis. The product of a merger in 2007 between former Communists and former Christian Democrats, the Party had never taken off. It badly lost the April 2008 national elections, and practically all subsequent elections. Nobody devoted his/her [...]
In a lecture organized by ELIAMEP and the Embassy of the Federal Republic of Germany in Athens, on February 12th, 2009, in the European Parliament Offices in Athens, the Political Director of the German Ministry of Foreign Affairs Dr. Volker Stanzel outlined some of the current security challenges facing Europe and proposed a new approach [...]
In my post of October 31, 2008 I listed a number of possible key political effects of the current financial-economic crisis: (1) relative decline of U.S. hegemonic dominance; (2) redesign of global governance in favour of emerging economic and political powers; (3) increased pressure on Europeans to rise to the challenge of global affairs; (4) [...]
