- Article Information
- Category: Roundtables
- Created on 06 June 2012
On June 6, The European Institute, in partnership with the Embassy of Portugal, welcomed The Honorable Paulo Portas, Portuguese Minister of Foreign Affairs, to a breakfast discussion on Portugal’s perspective of the political and economic climate in Europe. Speaking just days after the receiving the fourth positive evaluation of Portugal’s economic recovery program from the EU, the ECB and the IMF joint mission, Minister Portas detailed strategies for further improving his nation’s economic health and strengthening the European Union.
- Article Information
- Category: EA May 2012
- Created on 14 May 2012
Europe must be grateful to Greece for dramatizing: how the Euro is fundamentally flawed; how the Euro’s failure could cause a financial-economic disaster; and how European Union (EU) leaders must, despite all their differences and electoral setbacks, cooperate to avoid a Greek tragedy.
- Article Information
- Category: April 2012
- Created on 14 May 2012
By Federico Santi, editorial assistant at European Affairs
Reactions to the victory of François Hollande, the first socialist to hold the French presidency since 1985, have dominated the news for days as leaders and observers around the world assess the impact that his victory, along with the tumultuous election in Greece, will have on the way Europe will deal with the current economic crisis and the swirling debate on austerity versus stimulus for growth.
- Article Information
- Category: April 2012
- Created on 08 May 2012
In response to the sovereign debt crisis in Europe the Fiscal Compact was signed in March by every EU member state except the Czech Republic and the United Kingdom. The fate of this Compact has been made uncertain by the elections in France and Greece, which are seen as a popular rejection of its terms and effects. Inspired by Germany and other proponents of fiscal discipline in Europe, the pact aims to prevent excessive deficits requiring bailouts like the ones needed by Greece, Portugal, Ireland, and Hungary. It requires national budgets to be in balance or in surplus, the EU’s new “golden rule.” The treaty will enter into effect on January 1, 2013, if by then twelve out of the 17 members of the Eurozone will have ratified it.
- Article Information
- Category: EA April 2012
- Created on 16 April 2012
The main challenger to President Nicolas Sarkozy in the hard-fought French election contest that culminates in a few weeks is a man virtually unknown outside his own country – François Hollande. To the surprise of many people outside of France, the polling data has consistently shown the incumbent trailing his opponent, including in the widely expected situation in which election turns on a run-off between the two men. Long-time stalwart and one-time leader of the Socialist party, Hollande, 57, has had little international exposure during his decades as a French parliamentarian. So who is he? And if he is elected President, what is likely to change in U.S.-French relations or in France’s position inside the European Union?
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