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Archives for Economy & Euro

There have been a couple of legal challenges made to the European Stability Mechanism. The challenge in Ireland seems to have been brushed aside but there is still, of course, an appeal to be heard. Even so, the progress of the ESM seems to be pretty smooth. Yesterday, however, the German Constitutional Court decided to… » read more

Posted by financialguy

If ever there was a demonstration that “light-touch” regulation of financial firms has not been a great success, this week has been it. Over the years, we have heard huge amounts from the banking sector about how they are competent to regulate themselves. The fact that many governments have agreed and let them get on… » read more

Posted by financialguy

In the end, a vote in favour of the Fiscal Compact of just over 60% looks like Ireland was almost in agreement. If nothing else, the vote shows just how far the eurozone crisis has come and how meaningless many of the measures to date have been. When the Fiscal Compact was first announced and… » read more

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What About Cyprus?

It seems that as the days pass, more and more officials are openly discussing a Greek exit from the euro. Now that this sort of momentum is building it is impossible to see any other course of action. I first wrote about a Greek exit here all the way back in May 2011. It was… » read more

Posted by financialguy

In my last post (What Is The Cost To Europe Of Individual Actions?) I looked at the apparent movement of money out of Greece and into potentially safer locations. That is, of course, only one form of individual action. This weekend has seen another sort of individual action which has the collective power to cause… » read more

Posted by financialguy

This week provided a stark reminder that “markets” are not as perfect as we might hope. The double-whammy of the Dutch government falling and Nicolas Sarkozy narrowly losing the first round presidential vote sent markets sharply down. Yet, for those of us that follow politics and policy, weren’t these reasonably predictable events? The polls had… » read more

Posted by financialguy

Several of my recent posts have related to the “skills mismatch” in Europe. In these times of high unemployment it seems right to do so and I clearly recall the emphasis placed on education during the eSkills launch a few weeks ago (I wrote about it here). There are, however, two sides to every story.… » read more

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The Cream Of The Crop

At last week’s e-Skills launch in Brussels (I wrote about it here) I was witness to a wonderful example of the will to win. Attending as a delegate was a girl of 24. She was very pleasant and interesting to talk to. I was first introduced to her by another delegate, “She has an amazing… » read more

Posted by financialguy

Your author was in Brussels on Monday for the launch of the 2012 e-Skills week by the European Commission. The event was split into three sessions and for me, session number three lit up the day. This is possibly problematic since the session only had one genuine policy person in it, the rest were people… » read more

Posted by financialguy

Since my last post a few days ago (The Digital Policy Landscape Seems To Be Moving) the European Council has convened and pushed European digital policy even further forwards. With the hoo-ha going on in advance about whether Greece should have some form of European fiscal Tzar overseeing their spending habits, your author was not… » read more

Posted by financialguy