Article published in AHORA on January 15th.
Complete text in English: Can new elections be avoided in Spain? Article in AHORA
“Although the political situation after the recent elections is confusing, the main political parties have serious reasons to seek a viable and stable form of government”.
“An effort to avoid going back to the polls should be expected from the two parties with proven experience – PP and PSOE – but also from Ciudadanos and Podemos”.
“Any hypothetical outcome seems unreachable at first sight. But it wouldn’t be wise to throw in the towel”.
“After the first investiture vote, in which Rajoy will be defeated […] a legal countdown will begin with the opening of a two-month period to find a solution. And two months in politics is a long time, during which many things can happen”.
Interview for the Correio da manhã newspaper on December 14th
The EMU is not complete, we still don’t have a Banking Union
“The evaluation [of the implementation of the EMU] is positive, but I am not fully satisfied about the results, considering that some have not been achieved. The Economic and the Monetary Union is not complete, we still don’t have a fully-fledged Banking Union. We have fiscal discipline rules, but not a Fiscal union”
This short video, included in ADEMU’s latest Newsletter, is my insight into what the political incentives are for putting in place an economic and monetary union in Europe.
The kick-off conference addressed the main objectives of this project for creating A Dynamic Economic and Monetary Union (ADEMU) and set its primary focus on the impact of macroeconomic and social imbalances on economic stability.
I remember the Europe I wanted 40 years ago. Spain was on the verge of transition to democracy after the death of Franco and the end of his dictatorship. To be a member of the then European Community gave us a fantastic opportunity to consolidate our democratic institutions, to start the construction of a welfare state and to strengthen our international role. All these goals were achieved, and are very good reasons for renewing Spain’s original support for the European integration process.
But some major uncertainties are now looming, so a political response at the highest level is needed. Continue Reading
In his opening speech as a new President of the European Council, Donald Tusk announced a few months ago that “Politics is back in Europe”. What he meant by this was not a remainder of some of the brilliant speeches of our EU founding fathers or the happy anniversary of the signature of new EU Treaties. He obviously had in mind the number of conflicts taking place near our borders, as they were in our own territories until 1945. Continue Reading
Some friends from Labour were extremely disappointed last week-end about the consequences of the election of the new leader of their party. I fully share their concerns. Not only because of the leftist orientation shown by Corbyn in his track record as an MP, that makes almost imposible to have a chance to win the next elections. But also because Corbyn seems to be as euroesceptic as the radical wing of the Conservatives. The referendum chances for the supporters of keeping the United Kingdom as a member of the EU as a result of next year’s referéndum are waning. Continue Reading
CPI Europe Column edited by Anna Tzanaki (Competition Policy International) & Juan Delgado (Global Economics Group) presents:
Interview With Joaquin Almunia by Juan Delgado (Global Economics Group)
Joaquin Almunia has occupied particularly important positions in Europe. As Economics and Finance Commissioner he lived through the start of the financial crisis and, as Competition Commissioner, zealously oversaw the bank rescue process. His time at the Directorate General for Competition has produced important landmarks such as the Google case, the tax benefits to large enterprises and the Antitrust Damages Directive. Today, we ask him to look ahead and analyze the future changes to competition policy and to Europe itself… As we have come to expect, his response was far from disappointing. Continue Reading
I would like to display in this Blog my ideas and comments about the issues that concern me. The situation of the European Union and the difficulties within the euro area. The big challenges we have to tackle in the coming years and the reasons why I firmly believe that we have to face it together with our partners at the EU level. The problems that lead us to think about the future with pesimism and fear. The growing inequalities and the risks surrounding the Welfare State. The lack of trust in politics and politicians.
Therefore, from now on you can read here my thoughts about macroeconomic policies, employment, energy, education and many other topics that will come up to my mind. I will offer to your consideration my opinions through brief “posts” or “twits”, but also attaching my articles in the media, speeches or conferences. And of course I intend to interact with your comments to establish a fruitful dialog for both interlocutors. I very much hope you will be interested in such dialog and I invite you to start it right now.