Single market, competition & trade

Can Draghi be believed?

03 September 2012
Project Syndicate
LONDON – Mario Draghi, the president of the European Central Bank, has repeatedly claimed that the ECB will do everything necessary to save the euro.

Only a Franco-German bargain can save the euro

25 June 2012
The Guardian
Merkel and Hollande don't trust each other, but they must find a way of working together – and the markets may not wait long.

Eurozone crisis: What steps should be taken to move forward?

20 June 2012
The Voice of Russia
Interview with Simon Tilford – chief economist at the Centre for European Reform coming to us all the way from London.
I think a more deeply integrated financial architecture is possibly a solution. One of the reasons why the crises ran out of control in the eurozone is that bank in...

O efeito dominó que ameaça a Espanha e a zona do euro

19 June 2012
Carta Maior
Em entrevista à Carta Maior, Simon Tilford, economista chefe do Centre for European Reform, defende a necessidade de uma massiva injeção fiscal na eurozona, sem a qual a Espanha terá que pedir um resgate este ano.

Germans, the euro and the painful truth

12 June 2012
International Herald Tribune
Will the Germans save the euro? Many people within the European Union and further afield are urging Berlin to take bold steps to secure the currency’s future. They have become frustrated by the Germans' apparent inaction. 
But the view of German policy makers — conveyed to me on a recent visit...

Ousting Greece will not bring catharsis

06 June 2012
The International Herald Tribune
How the eurozone handles Greece will determine whether the single currency survives - and hence the future of the European Union as a whole.

Greece and the eurozone: Managing the crisis

29 May 2012
Open democracy
How the eurozone handles Greece will determine whether or not the single currency survives - and hence the future of the European Union as a whole.

Ihr selbstgerechten Deutschen!

30 April 2012
Die Zeit
Wenn es um die Krise in der Euro-Zone geht, lautet die herrschende Erzählung in Deutschland wie folgt: Es gibt keine Krise des Euro, denn dieser war ein Erfolg. Wenn einige Staaten im Moment in Schwierigkeiten stecken, dann nur deshalb, weil sie an Wettbewerbsfähigkeit verloren und die Maastricht-Kriterien verletzt haben. Die...

Die Dreistigkeit der Euro-Zone

12 April 2012
Financial Times Deutschland
Die Politiker und Vordenker der Eurozone haben keinen Zweifel: Durch die Vergrößerung des Rettungsfonds, des Europäischen Stabilitätsmechanismus (ESM), haben sie ihren Teil dazu beigetragen, die Mitglieder der Währungsunion zu stützen, die sich in Schwierigkeiten befinden. Nun liegt es am Rest der Welt - also am Internationalen Währungsfonds (IWF) -...

L’audace de la zone euro et le FMI

12 April 2012
Les Echos
LE CERCLE. (par Simon Tilford) - Les décideurs et les hommes politiques de la zone euro ne doutent de rien : ils ont contribué leur part pour soutenir les membres de l’union monétaire en difficulté en accroissant le montant de son fonds d’urgence, le Mécanisme européen de stabilité (MES).

Eurozone Chutzpah and the IMF

11 April 2012
Project Syndicate
LONDON – Eurozone policymakers and politicians are in no doubt: they have done their part to support the currency union’s struggling members by increasing the size of its rescue fund, the European Stability Mechanism (ESM). Now it is time for the rest of the world – that is, the...

One flew over the EU's mess

19 March 2012
The Wall Street Journal
Welcome to the European Union Home for the Economically Insane. We care for nations dealing with status anxiety, paranoia and low self-esteem, or those who are simply drifting into a senile old age. Please follow me on the guided tour.
Upstairs we have the Acropolis Room. This is where...

The European fallacy of Ireland and the Baltics

Ambrose Evans-pritchard
27 January 2012
The Daily Telegraph
Another excellent paper by Simon Tilford from the Centre for European Reform.

Eurozone policy-makers – from President Sarkozy and Wolfgang Schäuble to the former President of the ECB, Jean-Claude Trichet – advocate that Italy and Spain should emulate the Baltic states and Ireland. These four countries, they argue, demonstrate...

End of an affair? City of London and EU in bitter acrimony

Philip Whyte
12 January 2012
Yale Global
The global financial crisis has had a seemingly odd impact on relations between the City of London, the United Kingdom and the European Union. Before the crisis, the dominant assumption in Britain was that what was good for the City, Europe's largest financial center, was good for the UK and...

David Cameron has left the City more, not less, vulnerable to EU law

Philip Whyte
14 December 2011
The Guardian
There are many puzzles about the British government's tactics at last week's EU summit. One is why it chose to identify the City of London as the "vital national interest" that needed special protection. The City, after all, is the most unpopular "national champion" that the UK possesses. It accounts...

Immediate summit reaction

09 December 2011
This week’s summit will do little to solve the fundamentals of this crisis. What has been agreed is definitely not a fiscal union, there is no agreement to close any of the institutional gaps in the eurozone, such as the lack of any real fiscal union or pan-eurozone backstop to...

Ma l’Europa di Merkozy è già vecchia

08 December 2011
«In questo momento mi pare si possa adattare ai leader europei quello che Churchill usava dire a proposito degli americani: si può sempre essere sicuri che facciano la cosa giusta, una volta che abbiano esaurito tutte le altre possibilità». Charles Grant, direttore del Centre for European Reform di Londra, è...

Single currency doomed in current form

05 December 2011
Channel 4 News
As Nicolas Sarkozy and Angela Merkel discuss the eurozone debt crisis in Paris, economist  Simon Tilford tells Channel 4 News the single currency cannot survive in its present form.

The French president and German chancellor are at odds over how to resolve the crisis, with Berlin pushing for tougher sanctions...

Believe it or not, Angela Merkel has a plan to tackle the euro crisis

Katinka Barysch
05 December 2011
The Guardian
While Merkel's vision for a fiscal union may not be the answer to all the eurozone's problems it could be a vital part of any solution.
A new "fiscal union" to underpin the euro is the main topic that Angela Merkel and Nicolas Sarkozy will discuss at their Paris meeting. Merkel...

Is Austerity George saving the UK economy?

30 November 2011
The Times
Britain’s unlikely status as a safe haven is more to do with Europe’s problems than our cuts.George Osborne likes to point at Britain’s record low borrowing costs — the Government can issue ten-year debt at just over 2 per cent — as proof of confidence in his stewardship of the economy.