Greece: The new government of Alexis Tsipras shows its colors

Alexis Tsipras, the new Prime Minister of Greece and leader of the radical militant left SYRIZA party, who won last Sunday’s legislative election with a 36.34% of the vote and fell short of an absolute majority by two seats in a Parliament of 300, presented on Tuesday his new awkward coalition government. He had promised […]

The financial future of Eurozone on the agenda of Friday’s ECOFIN council

  The agenda of the Economic and Finance Ministers’ Council (ECOFIN) of 15 November in Brussels is very heavily loaded. The ‘Taxation of savings incomes’ and the ‘Revision of the Anti-Money Laundering Directive’ may be major issues, but the first reading of Commission’s proposal for the creation of the Single Resolution Mechanism (SRM) will haunt […]

Convincing the Germans to pay also for the unification of Eurozone

What Angela Merkel, the German Chancellor, said about the uncertainties that an eventual new hair-cut of the Greek state debt may trigger doesn’t exclude this possibility. She stressed that it may set off a “domino effect of uncertainty” and scare off possible investors. But the country has already performed a voluntary hair-cut on the privately […]