An Austerity Success Story? Latvia to Join Eurozone

Speaking at a press conference last Wednesday in Brussels, the European Union’s Economic Affairs Commissioner Olli Rehn announced that the European Commission has approved Latvia’s application to become the 18th member of the eurozone. Latvia’s desire to join the zone comes at an critical moment for the other 17 members, many of which continue to […]

European Council Announces New Project Budget

Herman Van Rompuy, President of the European Council, announced the project budget for 2014-2020 on Friday February 8.  Meeting bi-annually, this body guides the priorities and evolution of the European Union.  Although the Council did not release the specifics for the budget plan, Van Rompuy tweeted that after 24 hours of negotiations it was “worth […]

Is the Rise of the Euro Hurting European Economies?

On Tuesday, February 5 French President Francois Hollande expressed his complaint over an overvalued euro that does not represent the current state of the economy, claiming it is hurting the French.  During his speech Hollande asked the European Parliament to commit to reform of the currency that is currently at $1.35, a 12 percent increase […]

2012 in Perspective

Historians like important dates, dates that will maintain significance in the history books, dates that mark ruptures and world-changing events. Technically 2012 is not a date; it is a sum of dates, a list of events that made the news, some of which will be remembered for years to come. As this year comes to […]

The European Budgetary Pact: What does the French Ratification Bill Propose?

On September 19, the French Council of Ministers examined the European Budgetary Pact Ratification Bill, which the French Parliament will discuss  around October 2. Against the backdrop of the Euro crisis, the European Budgetary Pact (formally known as the Treaty on Stability, Coordination and Governance or TSCG) has sparked a lively political debate, as it […]

Spain and Italy Gain Ground at European Summit

Spain and Italy dominated more than just the soccer field this week. At the European Summit in Brussels, European leaders negotiated the economic fate of the Euro Zone and future plans to tackle issues of rising debt and unstable markets. Mario Monti and Mariano Rajoy, the Italian and Spanish Prime Ministers respectively, exerted more pressure […]