Finnegan's Take

Archives for greece

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

Fears that Greece could default on its debt tops the EU agenda because it puts the balance sheets of a dozen German and French banks in peril. But Greece has already defaulted on its debts to companies. What is default? EU leaders have been trying to find a way around the fact that Greece cannot… » 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

For the kind strangers in Brussels, Frankfurt and Washington on whom Ireland now relies for funding, the upcoming general election comes with added interest. As political rhetoric ratchets upwards with promises to renegotiate the terms of the EU/IMF bailout, lenders of last resort are feeling a little underappreciated. Wannabe government ministers are promising to burn… » read more

Posted by Gary Finnegan