Will Eurozone be able to repay its debts? Is a bubble forming there?

This newspaper has been very reluctant in endorsing the widely accepted view that Eurozone has left behind its stagnation if not recession phase. The reason is that despite the GDP increases by a few decimal points – not more than three – of a percentage unit, inflation kept falling for more than twelve months until […]

The EU moulds a new compromise for growth and financial sustainability

The whole world knows that the European Union has for decades been powered by a strong force; the Berlin – Paris axis. At times, when this  relationship broke down, the EU came to a standstill. Obviously now this is again the case. Towards the end of last month the newly appointed French Prime Minister, Manuel […]

France breaks budget promises once again and the EU’s finance offices are shaking

Last Wednesday, just two days before Eurozone’s finance ministers met for informal talks in Milan, the news had come in: France will not achieve a 3% EU budget deficit target this year. During a conference in Paris, the French finance minister Michel Sapin said that the country’s budget deficit will be around 4.4% of GDP in 2014 […]

The European Parliament x-rays the troika’s doings

The European Parliament launched an investigation on the functioning and the legitimisation of the troika, made up by the European Commission, the European Central Bank and the International Monetary Fund. The three institutions between them undertook to bail out, guide and audit the economies of four Eurozone member states which reached a point of no […]