Posts Tagged Eurozone crisis
It’s déjà EU… all over again
Posted by Natalie Hamill in Economics, European Union on 10/11/2011
By Scott Benson
On 10th October, a vote of no confidence, which was tied to plans to enhance the European Financial Stability Facility, forced Slovakian Prime Minister Iveta Radičová to step down. Exactly a month later, the Greek and Italian Parliaments have put similar pressure on their respective leaders to resign.
Slovakia stumbles over EFSF vote
Posted by Natalie Hamill in European Union on 12/10/2011
Plans to expand the European Financial Stability Facility (EFSF) have taken a tumble at the last hurdle. Yesterday (11 October), a vote in the Slovak parliament – the 17thand final Eurozone member state needed to accept the reform measures – failed to gather the necessary support, leaving the expansion of the EFSF in disarray. The result of the vote is likely to cause further damage to international confidence in the EU’s ability to resolve the Eurozone crisis, as well as having a severe knock-on effect on the internal politics of Slovakia.
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The State of the Union
Posted by Natalie Hamill in European Union on 29/09/2011
Long anticipated plans to introduce a financial transaction tax (FTT) have come a step closer to fruition with the European Commission President announcing the proposal in his state of the union address. Speaking to the European Parliament in Strasbourg yesterday (Wednesday 28 September), José Manuel Barroso announced that the college of commissioners has already adopted the controversial proposal, which could generate revenue of more than €55 billion a year.
