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All items tagged IrelandOpen Think Tank ArticlesJuly 19, 2011 | EU Crisis: Return to the Language of TruthHans F. Bellstedt: Joschka Fischer’s call for “greater European political unification” will not help solve the EU’s ongoing debt crisis. The only way to regain the public’s trust and restore financial markets is strict fiscal austerity as a prerequisite for future sustainable growth. ... MoreFebruary 12, 2010 | Is Greece the New Lehman Brothers?Joerg Wolf: How should the euro zone members deal with the PIIGS? Portugal, Ireland, Italy, Greece and Spain have big budget deficits and other economic problems that lead to speculation against the euro. How serious is it? What should be done? ... MoreGlobal Must Read ArticlesMarch 13, 2012 | The Perils of AusterityGreece’s troubles have been used to promote a false narrative about deficits and austerity. ++ Greece has officially defaulted on its debt, even if in a negotiated manner. ++ But the story of Greece shows that while deficits are bad, slashing budgets in bad times is even worse. ++ Europe’s periphery is now experiencing depressions caused by austerity. ++ Short of leaving the Euro, nations like ... MoreJanuary 31, 2012 | An Irish View on the Fiscal Pact TreatyFiscal controls were not the cause of the Eurozone crisis and strengthening them will not solve it. ++ The debate over the crisis has been the worst of any Europe-related treaty, the current draft merely delays change for five years. ++ The “shut up and sign” approach is betraying the spirit of the union and Ireland needs to signal that it will not tolerate the “arrogant behaviour” of powers ... MoreJune 30, 2011 | Greek Austerity DramaIt is still far from clear how the Greek saga will conclude. ++ The adoption of the austerity package sparked riots and sharpened the question of whether “the increasingly rebellious Greek public” is ready to meet the severe cuts. ++ In case of a default the country is likely to be excluded from the eurozone and markets’ attention would switch to the next “weakest ... MoreNovember 26, 2010 | Only Germany Can Save the EurozoneThe current threat to the eurozone is the greatest challenge to German statecraft since the country was peacefully united 20 years ago, but at the moment they are not rising to the challenge. ++ Following Greece and Ireland, the next countries which could require bailouts are Portugal, and Spain. ++ If this occurs, there would be only two ways forward. ++ The first would be for the eurozone to ... MoreJuly 2, 2008 | A Dark Future for United European Foreign PolicyIreland’s “No” vote primed the way for the EU to leave “the world stage as a serious foreign policy player for at least ten years.” ++ While the EU will continue to exist, it will not have the strength to determine its own fate or act with a united European foreign policy. ++ Small and medium sized EU members will loose global influence and EU enlargement will be delayed or stopped. ++ Rather ... MoreJune 18, 2008 | EU Reforms Must Continue, Despite Ireland's "no"Given inevitable economic and demographic shifts, European countries will not be able to remain agenda setters in the global system, unless they cooperate more effectively and speak with one voice. ++ Despite Ireland’s vote against the Lisbon Treaty, EU policy makers must continue to work towards EU reform. ++ A minimalist option is to improve the EU’s foreign policy instruments through Council ... MoreJune 18, 2008 | EU Should Let Reason Triumph Over FearsEurope has come a long way since the Middle Ages and especially over the last 50 years. ++ The Lisbon Treaty merged all treaties and conventions of the long European construction into a single body, defining and rationalizing the Union and its bureaucracy. ++ In order to exorcise it, governments need to explain the treaty to their electorate and fill the void of education. ++ Eventually, “logic ... MoreJune 16, 2008 | A Plan B for the Lisbon TreatyThe EU will likely find a way to implement the Lisbon treaty despite Ireland’s failure to ratify the document. ++ France and Germany have already indicated their willingness to “drive the Irish out of the EU if they fail to reverse their No vote.” ++ As long as the treaty avoids further defeats in the eight countries that have yet to ratify it, then the EU could exert unbearable pressure on ... More |
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