If the Eurozone countries agree to more centralization of economic power, they might quite easily be able to impose that on the whole EU at some stage in the near future, believes Philip Booth from the Institue of Economic Affairs. “Not surprisingly, the French and Germans in – slightly different ways – are trying to [...]
Tag: eurozone countries
December 8, 2011
November 29, 2011
‘Greece & EU: Either saved or collapsed together’
Greek MP Simos Kedikoglou predicts his country’s economic collapse within weeks, even days, if it doesn’t receive another tranche that finance ministers of eurozone countries have agreed to release. But the fall of Athens will have a domino effect – tugging away the rest of Europe. The Greek politician has sharply criticized the recent country’s [...]
September 15, 2011
Russia prepared to ride to Nicosia’s aid
Russia is poised to save Cyprus from financial meltdown with a €2.5bn (£2.2bn) loan that will enable it to pay maturing debt and deal with its burgeoning budget deficit. The crisis-hit island’s communist government is close to successfully concluding negotiations with Moscow – a move that will quash fears of Cyprus having to resort to [...]