September 11, 2012

Democracy the Big Loser in Europe

Gideon Rachman, Financial Times

AP Photo

THE European Central Bank (ECB) has fired its magic bullet. By promising "unlimited" purchases of sovereign bonds, ECB president Mario Draghi may have kept his pledge to do "whatever it takes" to save the euro. But in rescuing the currency, Draghi’s magic bullet has badly wounded something even more important — democracy in Europe.

Read Full Article ››

TAGGED: Spain, Germany, Mario Draghi, ECB, European Union, Euro, EU, Eurozone, Europe, European Central Bank


September 7, 2012
Mario Draghi: The Man Who Saved Europe?
Zachary Karabell, Daily Beast
The decision by the European Central Bank chief to provide almost unlimited funds to troubled governments could lead to the end of the Eurozone crisis, put a stop to financial dominoes falling, and lead to global economic... more ››
September 10, 2012
EU States Must Clarify Brussels' Role
Brendan Keenan, Irish Independent
The idea that the number of women on boards is a matter for legislation covering 400 million people in 27 states is worrying evidence that those in charge do not understand what it is they are in charge of. more ››
September 7, 2012
Mario Draghi: Stand and Deliver
The Guardian
The imaginative and astute ECB leader has lived up to his side of the bargain, but his plan is wrong-headed and insufficient. more ››
September 6, 2012
The Euro Will Face a Series of Existential Crises
Bruce Crumley, Time
As Eurozone member states move to confront the continent’s enduring debt crisis amid a tightening recession, summer’s end may herald the onset of an autumn for the common currency itself. Over the next six to... more ››
August 29, 2012
Why the Euro Will Survive
C. Fred Bergsten, Foreign Affairs
For all the turmoil, fears of countries' repeatedly defaulting on their debts or the total collapse of the euro are vastly overblown. The eurozone countries have demonstrated that they can and will resolve each successive stage... more ››