Finnegan's Take

Archives for Financial crisis

When European governments’ credit ratings were downgraded it became more expensive to raise money for health development projects For the past six years, the GAVI Alliance has been raising money on financial markets through the International Finance Facility for Immunisation (IFFIm). This is achieved by selling ‘Vaccine Bonds’ to investors which gives GAVI cash to… » read more

Posted by Gary Finnegan

EU leaders seem to have just discovered the EIB but the truth is the bank has grown increasingly active since the crisis broke In the sleepy Luxembourg headquarters of the European Investment Bank they are unsure how to handle their 15 minutes of fame. Suddenly everyone from François Hollande and Angela Merkel to David Cameron… » read more

Posted by Gary Finnegan

Doctors from across Europe are gathering in Athens on Saturday for an emergency meeting amid fears that the Greek health system is going into meltdown. The hastily-arranged medical summit, called by the Medical Association of Athens, is due to discuss plans for a new European Medical Network through which doctors could support the ailing health… » read more

Posted by Gary Finnegan

Chronic drug shortages in Greece have left thousands of patients without medicines and paralysed the drug supply chain. The impact of the ongoing financial crisis in Europe is having a deep impact on patients – and that’s before the possible return of the Drachma which could at least double the relative cost of imported medicines.… » read more

Posted by Gary Finnegan

With Greece on the brink, Brussels is dangerously distracted by efforts to invent new European rules and institutions which will help prevent future sovereign debt crises. After protracted negotiations, MEPs and the European Council – which represents EU Member States – came to an agreement on the so-called “Six Pack” economic governance package. The deal… » read more

Posted by Gary Finnegan

Always say never

Over the past 18 months, observers have noted the alarming frequency with which things that were once ruled out of hand by EU leaders have become the norm. It began with the mantra-esque refrain of “We won’t bail out Greece”, which ultimately morphed into a commitment to back Athens to whatever extent becomes necessary. This… » read more

Posted by Gary Finnegan

At every turn the euro crisis gets harder to solve. With every emergency meeting; with every short-term fix, a credible solution to the eurozone’s debt mountain becomes less likely. Europeans are sick of living in a state of permacrisis. We have grown numb to the real urgency that surrounds the problem because the news headlines… » read more

Posted by Gary Finnegan

Too many Europes

At a time when Europe is in crisis, it’s alarming to see so many conflicting statements from its leaders EU Compeittion Commission Joaquin Almunia said today that Ireland’s bank guarantee, introduced in September 2008, was a mistake. I think you’d struggle to find an Irish person who hadn’t come to the conclusion two years ago,… » read more

Posted by Gary Finnegan