Welcome to the Institute of European Studies project to promote dialogue about EU-Canada relations. Here you will find traditional research in the form of brief policy papers and analysis. The site is also an interface for the public to express their opinions on EU-Canada relations in general and economic and environmental cooperation in particular. The site will hopefully act as a gateway to the wider news and opinion forums that are available.
Last week, the World Bank made public a report entitled “Global Economic Prospects Summer 2010: Fiscal Headwinds and Recovery”. The report warned that “a serious loss of confidence in the debt of the five most heavily indebted EU countries (EU-5) that led to a freezing-up of credit in those countries could cause GDP growth to slow by as much as 2.4 percent in 2011”. If one looks at the statistics, the most indebted countries in the European Union are Italy, Greece, Belgium, Hungary and France, in this order.
Source: Eurostat
Tagged as:The current financial troubles in Greece have raised questions about the sustainability of the Euro and the European Monetary Union (EMU). The IES has recently released a brief analysis of the situation titled ‘Greece, Germany, and the Fate of the EMU’.
It can be download here or along with other documents on our Research page. The paper was prepared for the European Forum at the Hebrew University in Jerusalem. It will appear in their June newsletter.
