In this new briefing, Open Europe assesses the state of the Spanish economy in light of recent budget proposals, announced by the Spanish government in full today. Spain is not the “next Greece” – it remains a serious and diverse economy, with relatively good administration and infrastructure. However, the increasing exposure of its [...]
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Posted on April 15th, 2012
Posted on March 4th, 2012
The debt write-down offered to Greece is far too small to allow Greece any chance of recovery. Immediately following the restructuring, Greece’s debt to GDP will still be 161%, a reduction of only 2% compared to where it is now. The country is highly unlikely to meet its debt targets by 2020. This [...] Posted on January 3rd, 2012
Open Europe has published this briefing arguing that the ECB is unlikely to buy the hundreds of billions worth of government bonds required for it to properly backstop the eurozone, following an underwhelming agreement between EU leaders at the summit of 8 and 9 December. However, Open Europe notes that, contrary to popular [...] Posted on December 11th, 2011
Europe Economics provided analysis for the Open Europe report on safeguarding the UK’s financial trade in Europe. Open Europe argues that the Government must seek to safeguard the economic benefits to Europe and the UK offered by the financial services sector. Open Europe contributed to the quantification of the impact of financial centres [...] Posted on October 23rd, 2011
Open Europe has published a new briefing arguing that Greece should default on 60% of its debt through a managed restructuring, and that the planned second Greek bailout should be scrapped altogether, replaced by a limited transition fund designed to control the default. Portugal should simultaneously take a 25% write-down on its debt. [...] 3 pages
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