Tag Archives: Europe

EU budget – Cameron can enjoy his Sunday roast

After an intense night of haggling the EU’s 27 leaders finally agreed to a cut in the payment ceiling for 7-year EU budget, reducing the limit from €942.8bn to €908.4bn – a reduction of 3.65%. This represents the first cut in the EU budget since the formation of the Common Market in 1957. Continue reading

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Poverty report

Nearly a quarter of all UK citizens were at risk of poverty or social exclusion, according to a survey by the ONS, released this week. This is equivalent to 14 million people and places the UK midway down the EU … Continue reading

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Greek exit nearer

At some point in the very new future the Euro express will roll out of the station with at least one less compartment. Of course, it may not yet appear that way and, with appropriate smoke and mirrors, the final … Continue reading

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Youth Unemployment

Unemployment of young people in the UK in February 2012 was 1.03m – down from 1.04m in the last quarter of 2011. Despite this modest fall, observers in the UK and around the world, including the UK’s National Institute of … Continue reading

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Europe agrees fiscal union

Europe’s 27 leaders failed to reach full agreement on a new European Treaty, having to settle for a second-best option of an intergovernmental agreement. This ‘compact’ represents the first serious step towards a common European fiscal policy, and to even … Continue reading

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A Tobin tax for Europe?

A Tobin tax is a special tax on currency transactions, designed to penalise excessive short-term speculation in currency markets. Advocates have long argued that in order to reduce speculation and instability in financial markets some form of transaction tax should … Continue reading

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Greek bailout

While European finance ministers meet this weekend to discuss a second Greek bailout, president of the European Central Bank (ECB), Jean-Claude Trichet, has been collecting the Global Economy Prize from the Kiel Institute for the World Economy. Speaking in Kiel, northern Germany, … Continue reading

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