Tag Archives: European Stability Mechanism

European Commission – PRESS RELEASES – Press release – European Commission welcomes Eurogroup agreement on a three-year ESM stability support programme for Greece

August 14, 2015 By in Austerity, Business Administration, Economics, Euro Crisis, Fiscal Policy, Foreign Policy, Greece, Growth, People, Politics Tags: , , , , , , , , , 2 Comments

This is a historic announcement. It’s worth a read. Check it out!

via European Commission – PRESS RELEASES – Press release – European Commission welcomes Eurogroup agreement on a three-year ESM stability support programme for Greece.

I wish Greece the best of luck. The path ahead will be very painful but perhaps not as painful as a Grexit. So on balance, for me, it’s the right decision.

Thoughts?

Opinion – The economic potential of the ten-point Juncker Plan for growth without debt | European Parliamentary Research Services

August 13, 2015 By in Austerity, Business Administration, Defense Policy, Economics, Education, Euro Crisis, Fiscal Policy, Foreign Policy, People, Politics Tags: , , , , , , , , , 1 Comment

This is an outstanding must read article with powerful schematic overview.

via The economic potential of the ten-point Juncker Plan for growth without debt | European Parliamentary Research Service.

The paper quotes  a € 1.4 trillion potential gain on an annual recurrent basis. By anybody’s standards, this is serious money and deserves proper attention. I commend the initiative.

Personally, I would like to see publication of bottom-up costings for each of the ten points, and an independent risk assessment with effective mitigating actions identified.

Thoughts?