Angela Merkel’s Pyrrhic Victory

By George Soros

As far as Germany is concerned, the drama of the euro crisis is over. The subject was barely discussed in the country’s recent election campaign. Chancellor Angela Merkel did what was necessary to ensure the euro’s survival, and she did so at the least possible cost to Germany – a feat that earned her the support of pro-European Germans as well as those who trust her to protect German interests. Not surprisingly, she won re-election resoundingly. READ MORE

Can Latvia be a role model for reform in Europe?


Latvia will join the eurozone on January 1, 2014. In 2009, Latvia almost went bankrupt, but recovered surprisingly quickly. Can its path to recovery serve as a blueprint for other European countries? READ MORE

Welcome to Europe’s Painful New Normal

By Jan Techau

In case you haven’t noticed, the great European crisis is the biggest political game changer in postwar history. READ MORE

Rouble-litas-euro: Lithuania's sour experience of currency change

The Government has decided that Lithuania must have the euro by 2015, whatever the cost. Finance Minister Rimantas Šadžius, though, admits that ordinary people are a little suspicious of a currency switch – remember as they do the last monetary reforms in the country that went less than smoothly. READ MORE

EU rings the alarm bell for France, Italy, Spain and Slovenia

The European Commission has warned of deepening economic problems in France, Italy and Spain, and said Slovenia must take urgent steps to offset the risk of a wider destabilisation across the eurozone. READ MORE

Searching for the One to Blame for Cyprus


By Ivan Preobrazhenskij

Who has invented the tax on Cyprus bank accounts, which the Parliament of the island country doesn’t want to approve? The European Central Bank is trying to lay the blame on the President of Cyprus, and he, in his turn, blames the governments of the Eurozone countries. Meanwhile the issue, as well as the accounts in Cyprus banks have hung up for indefinite period, as they have not yet been able to “break” the MPs. Moscow also tries to take part in the resolution of this problem, which was appointed beyond its will as a “title sponsor” of Cyprus stabilization. READ MORE

Estonian president wants to see Lithuania and Latvia in euro zone as soon as possible


Estonia's President Toomas Hendrik Ilves says he would like Lithuania and Latvia to join the euro zone as soon as possible, adding the accession would enhance the Baltic influence "in the so-called European core." READ MORE

How Central Europe dealt with the global crisis

Like many other regions around the world, Central Europe (CE) was profoundly affected by the global economic crisis. This article discusses the way CE countries have been handling the effects of the global crisis in the region by looking into changes in the macroeconomic indicators over the past 2 years. READ MORE

Cameron, Merkel: fiscal pact not enough to solve crisis

By Richard Carter

Prime Minister David Cameron and German Chancellor Angela Merkel agreed on Thursday that the EU's fiscal pact was not a sufficient step in itself to resolve the crippling eurozone debt crisis. READ MORE

Three Months to Save the Euro: George Soros

By Catherine Boyle

Euro-zone governments have around three months to ensure the survival of the single currency, billionaire investor George Soros said in a speech on Saturday. READ MORE