Now that the EU summit has been over for a couple of days, there is still a lot of coverage about British prime minister David Cameron not voting in favor of the new treaty. Because financial services account for about 10% of Britain’s economy, he wanted an exemption for this sector from additional regulations. Unfortunately [...]

By now, it should be clear to everybody that a “comprehensive and sustainable solution” to the EU sovereign credit crisis, as promised by leaders over past few months is a fantasy. So far, member states have not been able to agree on anything, but they will try again this week. First, Sarkozy and Merkel meet [...]

The meeting of EU Finance Ministers in Brussels is getting plenty of headlines although not delivering much. They did approve another installment of bailout money to Greece, EUR 8 billion, keeping that country able to function for the next few months, but that was about it. Interestingly, they agreed to increase the capacity of European [...]