In an article on the bailout of the Cyprus Popular Bank, the New York Times describes internal disputes within the European Central Bank on the basis of leaked ECB minutes – an episode that epitomises some of the challenges faced by historians.
The Excessive Deficit Procedure comes at the end of a long series of attempts at coordinating EU macroeconomic policies.
The article argues that many of the issues that are causing trouble in the eurozone today had long been debated, but not solved, prior to the beginning of the so-called euro crisis.
La crise de la zone euro a révélé les faiblesses constitutives de la monnaie unique ; mais les débats portant sur sa viabilité se limitent trop souvent à une vision purement économique de la zone euro. L’histoire complexe de la création de l’euro éclaire les enjeux financiers et politiques internationaux de l’unification monétaire.
I talked to EurActiv Slovakia’s Chief Editor, Zuzana Gabrizova, on Monday 7 April.
German trade surpluses are making once again the headlines. The European Commission decided yesterday to launch an investigation into Berlin’s “excessive” trade surplus. This surplus is so large, the Commission argues, that it saps the strength of the Eurozone economic balance (or, put differently, nurtures its imbalances). But is this concern really new?