An election season clears. The excitement of change with President Obama’s reelection settles. China’s once-a-decade power transition remains stable following the Bo Xilai affair. Attention returns to the old continent, as Europe stands on a precipice.
Four years after the collapse of Lehman Brothers drove a stake through the economic boom, the breakup of the euro remains on the cards; the EU budget is under threat; and a Banking Union, the unpopular solution to managing toxic financial debt, is stalling.
My name is the Undercover Eurocrat, and welcome to my blog. Over the next few months I will be bringing you the latest news and views direct from Brussels, the capital of Europe. It’s an exciting and worrying time to be part of the European project and the fate of the world economy rests on its shoulders.
I’ll be giving IPF readers the inside track on developments in the European Parliament, Commission and Council; sifting the urgent from the important; and opening up the notorious Brussels Eurocracy, to show you what makes this city tick.
We’ll have no alarmist headlines, or fiction of the Daily Mail variety. Just honest analysis on what’s happening, right here, right now.
Enjoy,
l’UE
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