Crisis opening in 2007

Euro-leaders set course for worse crisis

Author: 
Martin Thomas

By Martin Thomas

David Cameron's veto, on 9 December, of the plan for a new economic treaty backed by all 26 other European Union governments, may shake British politics and Britain's future relations with the EU. The 9 December summit itself may shake more. The 26 adopted a plan which has little chance of smoothing the financial crisis shaking the eurozone, and may make it worse.

The endless bailout of Europe

Author: 
Michel Husson

By Michel Husson

La décision de Georges Papandreou, le premier ministre grec, de soumettre l’accord du sommet européen à référendum marque une nouvelle étape dans la crise européenne. Il faut d’abord situer cette crise dans la durée, pour bien en comprendre les causes et les enjeux.

The endless bailout of Europe

Author: 
Michel Husson

By Michel Husson (2 November 2011)


In French: below or at http://hussonet.free.fr/bailout11f.pdf.
The decision by Greek prime minister Georges Papandreou to put the Eurosummit agreement to a referendum marks a new step in the European crisis. To understand the causes and what is at stake in this crisis, we must first situate it in the broad sweep of events.