Shane Fitzgerald

A portfolio of writing on politics and policy in Europe and Asia

Month: September, 2011

Euro Crisis Comment Roundup II

The euro crisis rumbled on ominously through the week though there was a diversion for EU nerds in the form of the annual State of the Union address, delivered by Commission President Barroso to the European Parliament on Wednesday. As well as reiterating the EU’s support for Greece and defending the role of the Commission and the EU’s ‘community method’, Barroso reaffirmed his organisation’s support for a financial transaction tax (FTT) as a way of clawing back some money from the wayward banking sector. He expanded on his remarks during an interview with the German daily Süddeutsche Zeitung on Friday, covered here by Spiegel online.

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Euro Crisis Comment Roundup

It has been another hairy week in European markets as shares in French banks have swung wildly, the Swiss banking giant UBS was shaken by a ‘rogue trading’ loss of $2bn, and European finance ministers held yet another crisis meeting, this time with US Treasury Secretary Timothy Giethner making a guest appearance.

It can be hard to keep up with the pace of events in this escalating crisis, never mind with the relentless stream of commentary, criticism and policy prescriptions from economists, politicians and journalists.

There have however been some worthwhile contributions to the debate in the last few days. This post is an attempt to round some of them up. Please feel free to add your own links in the comment section.

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