There is a very interesting article in todays Financial Times. For the first time an executive board member of the ECB - Lucas Papademos - has spoken openly about the difficulties presented by having a single monetary policy for such a diverse set of economies. In fact these comments take on more significance in the [...]

The Washington Times (of all places) carries a UPI text about a Deutsch Bank research note on the economic consequences of the French ‘no’:
“France’s rejection of the European Union constitutional treaty by a majority of 54.9 percent is a severe blow to European integration and threatens to depress European economy back into eurosclerosis as in [...]

First a bit of ‘breaking news’ for German readers: the main factor which has lead to the massive round of cost cutting and staff reductions in Germany has not been the activity of a small group of hedge funds, the main culprit, let’s get it out of the cupboard, has been the high euro.
Whilst the [...]

The ECB met earlier today to conduct the monthly review of interest rate policy. It came as a surprise to noone that the outcome was to leave everything just as it is. Surprisingly though the decision this month is surrounded by a little more controversy than has been the case of late since Italy’s Berlusconi [...]

Because no one has one. Well, no one has a public plan about how to handle one or more rejections of the European consitution in upcoming national referenda. But as the French referendum is approaching and the numbers do not look too good for the “yes” camp, unofficial Plan Bs are suddenly everywhere, if only [...]

I’m crossposting something I originally wrote for my own blog because I realized it’s probably of far more interest to Fistful readers than to my own.
In March I wrote in Slate about Gerry Adams and the IRA, and the theory advanced by Ed Moloney (author of the excellent A Secret History of the IRA) [...]

New Europe?Late Thursday night, the European Council approved, as widely expected, the Commission’s recommendation to open membership negotiations with Turkey, largely without imposing additional conditions to be met prior to the beginning of the talks on October 3, 2005. “The time to start negotiations with Turkey has come,” Commission President Jos? Manuel Barroso said. Council [...]

Over on Crooked Timber, Henry Farrell comments on the istitutional implications of the Buttiglione affair. While we are shocked to learn that The Economist does not like the recent self-confident behavior of the European Parliament with respect to the Commission hearings, Kieran Healy - duly apologetic - makes a fair point in the comments thread [...]

I don’t know if one day when historians come to examine what exactly happened (or should I say what went wrong) with the EU they will be able to identify that defining moment, the decisive hour, when everything went sailing down the river. If they are so able I wouldn’t mind a quick bet that [...]

No this is not (yet) the title of one of my new pages (although we were looking into living in sin, but unfortunately it’s already taken). No the denial I am referring to is much nearer home for most of us, since it is up there in Brussels. “European Union nations are dragging [...]