An Economic Recovery May Save Hollande’s Presidency

France’s recession is officially over, as newly released economic data showed a surprising return to growth in the second quarter. The national economic statistics agency, INSEE, reported that the French economy grew by 0.5% between April and June, its best showing in the last two years. The unexpected boost was attributed in large part to […]

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 […]

EU Commission Warns France over Public Debt Levels

On Wednesday, April 10, the European Commission singled out France, issuing harsh warnings over serious public sector debt levels that could possibly weaken the entire Eurozone. A Commission report stated that high and increasing public debt is “reducing the capacity of public finances to face potential adverse shocks,” which could negatively affect the entire Union’s […]