Open Democracy’s Kirsty Hughes argues that the financial crisis with the euro has drawn into sharp focus the need for the United Kingdom to determine its future relationship with regard to the continent else it faces marginalization and impotency in future continental affairs. Kirsty Hughes bemoans U.K. Prime Minister David Cameron’s lack of real involvement […]
Read MoreThe euro zone financial crisis has seen its share of historical events but none more telling than the recent ascension of Mario Monti to the Italian Prime Minister’s chair. With the removal of Berlusconi and the rise of a government of technocrats determined to right Italy’s financial ship of state, yet another European nation’s leadership […]
Read MoreRecently named Greek Prime Minister Lucas Papademos is said to be working around the clock to avert Greek default on their sovereign debt obligations. Like recently minted Italian Prime Minister Mario Monti, Lucas Papademos is a technocrat, heading Greece’s first coalition government in recent memory. Necessary austerity legislation is still wildly unpopular with the Greek […]
Read MoreTo avoid the spread of contagion as well as deflect any potential fallout from the bubbling kettle that is the Italian economy, France has taken moves to pass austerity measures which are some of the most stringent the country has seen since the end of World War II. The new package includes cuts of 112 […]
Read MoreItalian Prime Minister Silvio Berlusconi may be the latest domino to fall in the toppling of governments that has followed the spread of the euro zone financial crisis that has already claimed Greek Prime Minister George Papandreou’s government. In exchange for his resignation, Berlusconi wants the Italian parliament to pass the austerity measures requested by […]
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