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Another Eurozone country bailout looms
The front pages of tomorrow’s papers are a mixed bag for George Osborne. He’ll be happy with The Sun’s welcome for his abolition of the fuel escalator but, I suspect, a tad disappointed by the Mail’s...
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How the Finns might rock the European boat
Normally, the results of the Finnish elections don’t merit much discussion. But the success of the True Finns, the only party to put on seats in the elections there last week, could have a major...
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Cameron: no more bailouts
It’s another of those special Cameron victories in Europe: we’re in for a second Greek bailout, but not quite as much as we might have been. Britain will contribute a sum through the IMF; however, it...
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Lagarde’s appointment is a win for Osborne
The appointment of Christine Lagarde as head of the IMF is a diplomatic victory for George Osborne. The Chancellor was one of her earliest supporters, was the first to nominate her and hit the phones...
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Slovakia says "nie" to the euro bailout
Slovakia is a small country that most people might confuse for Slovenia at a Pub Quiz. It has been a member of the eurozone for less than three years and represents less than 0.5 per cent of Europe’s...
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What will Osborne’s offer to the IMF amount to?
George Osborne’s allies may be "http://www.spectator.co.uk/coffeehouse/7314173/greenings-rapid-promotion.thtml">filtering across government, but what of the man himself? He was at a meeting of G20...
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The euro is destroying Europe
This week’s issue of The Spectator hits the newsstands today. Here, for CoffeeHousers, is James Forsyth’s Politics column from it: Last week’s rebellion by David Cameron’s backbenchers in support of...
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Papandreou to go, but uncertainty remains
The eyes of Europe, which have been focused on Greece all week, will see a slightly brighter picture today – albeit one still engulfed in heavy fog. The good news: a new coalition government will be...
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Who will bail out the EU bailout fund?
While all eyes are fixed on Italy’s ever-increasing borrowing rates, a far larger problem may well be emerging. The EU bailout fund, set up to help countries who can’t borrow, may itself have trouble...
View ArticleWhen one euro is worth more than another
Faisal Islam has a very interesting report from Davos on how at least one bank no longer believes that a euro from Ireland, say, is worth the same as one from Holland or Germany. He writes that: ‘A...
View ArticleGreece needs to quit the eurozone
The Greek people are being crucified on a cross of euros. Unemployment there is 21 per cent and rising fast and the austerity pact that its politicians have cobbled together to try and receive the...
View ArticleThe steady erosion of Greek democracy
The longer this Greek crisis goes on, the clearer the various agendas at play are becoming. As the Greek finance minister said earlier, the actions of the Eurozone’s northern faction — led by Germany...
View ArticleBailout country
With the political wrangling over another Greek bailout continuing today, we thought CoffeeHousers might care to read (or re-read) Faisal Islam’s cover piece for The Spectator from four months ago: In...
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The hurdles facing Greece
Greece’s problems are far from over. As "http://www.spectator.co.uk/coffeehouse/7664593/greece-saved-at-last-nope.thtml">Pete said this morning, the €130 billion bailout hardly means the country is...
View ArticleThe Greek tragedy goes on
‘The eurozone’s weakest link just got weaker.’ So "http://www.guardian.co.uk/business/2012/may/07/eurozone-crisis-live-greek-market#block-22">says Tristan Cooper, sovereign debt analyst at Fidelity...
View ArticleGet set for more Greek elections
A second Greek election is looking more and more likely, with party leaders unable to form a coalition. I reported on Tuesday that Antonis Samaras — leader of the largest party, New Democracy — had...
View ArticleThe staring contest over Greece
Now that negotiations have broken down in Athens, and there will be another election, we face the prospect of an almighty staring contest. On one side, the Eurocracy, who will be urging Greek...
View ArticleWho wins as Spain stutters?
The news that matters today isn’t what was said at Leveson, it’s becoming increasingly clear that the government won’t act on the inquiry’s report if it suggests anything big, but that the Spanish...
View ArticleCyprus: This isn’t a tax, it’s a bank raid
You know this levy on Cyprus bank deposits? It’s not a levy. A levy is a kind of tax, and what is happening to the people with bank deposits in Cyprus is no kind of tax, although today the European...
View ArticleDavid Cameron is acting in a principled way over Juncker – so let’s back him
It’s pretty rich hearing the Labour Party criticize Cameron for taking a principled stance on Europe. How vulgar, they say, how amateur. Doesn’t he know that the job is to (as Douglas Alexander put it...
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