Ministers of Finance of Member States were in meeting on Monday to implement the measures adopted during the last European summit. After more than 9 hours of meeting, they agreed at night on the modalities of their help to Spain, with a 30 billion euro initial payment at the end of the month | By Paul GOLDSCHMIDT, member of the Advisory Board of the Thomas More Institute, former Director at the European Commission | Published in French on Atlantico.fr, July 10th 2012
Les promesses faites à l’Italie et l’Espagne portent sur l’utilisation, en leur faveur, des moyens disponibles au sein du FESF (Fonds européen de stabilité financière) et du MES. Pour l’Espagne il s’agissait de permettre au MES de recapitaliser les (...)
On last June 26th, the Thomas More Institute gathered 50 persons in Brussels to evoke the threats on the future of the European Union and to listen 3 speakers : Sylvie GOULARD, French MEP, Committee on Economic and Monetary Affairs, ALDE Coordinator; Paul GOLDSCHMIDT, former Director the European Commission, member of the Advisory Board of the Thomas More Institute; Gérard DUSSILLOL, Chairman of the Public finances Committeeof the Thomas More Institute, author of La crise, enfin ! (ed. Xenia, 2012).
| The present report was realized by the Thomas More Institute and does not commit the responsibility of the speakers | Available in French
Les 27 et 28 juin derniers a eu lieu un Conseil européen d’une importance (...)
The 27 Members States reached a difficult agreement the night of Thursday to Friday within the framework of the European summit. Several issues were validated to answer the urgency of the crisis, but their implementation asks some more of questions | By Paul GOLDSCHMIDT, member of the Advisory Board of the Thomas More Institute, former Director at the European Commission | Published in French on Atlantico.fr, June 29th 2012
It was in the wee hours of the morning, after prolongations, that finally President van Rompuy was able to whistle an end to what turned out to be anything except a picnic! The ensuing declarations underscored the acrimony of the discussions but revealed, also, a number of very interesting elements.
(...)
At the approach of the European council, it’s important to take the good measure of the significant change of current paradigm in the progress of the crisis. We would like to hope that the new French executive has the full consciousness | By Paul GOLDSCHMIDT, member of the Advisory Board of the Thomas More Institute, former Director at the European Commission | Available in French
Trouvant son origine dans le krach financier de 2008, créé par un surendettement accumulé sur plusieurs décennies, la crise a engendré une crise économique pour déboucher en 2010, sur la crise de la dette souveraine. Cette situation a mis en exergue l’interdépendance malsaine du secteur bancaire et des finances publiques des pays membres de (...)
Certainly, the leaders of the first four economies of the Eurozone agreed on Friday on a package of 130 billion euros relaunching. But basic problems remain: quid of the question of the federalism, the adoption of the treaty of budgetary discipline or the mutualization of the national debts? Motus or dialogue of the deaf the spreading of which in the open will only be the nervousness of markets instigating | By Paul GOLDSCHMIDT, former Director at Goldman Sachs International, former Director at the European Commission (1993-2002), member of the Advisory Board of the Thomas More Institute
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