Eurocrisis

Yet again, EU leaders have used a summit to buy themselves more time, which means the ECB will be forced once more into the breach to support under-pressure Eurozone sovereigns.

The debate on the Future of Europe was convened by Greens' Group co-presidents Daniel Cohn-Bendit and Rebecca Harms, and saw the participation of national Green parties leaders and members of national parliaments. In the run up to 2014 European Elections campaign, the Greens have been focusing on solutions to the current crisis, and the discussion of what role is there for the European Union is at the core of the debate.

German newsletter FAZ published an op-ed article by Cem Özdemir, co-chairman of Bündnis 90/Die Grünen, on Greece and the eurozone.
An update of our Focus on Greece

With the Greek people making a second attempt to create a national government on June 17, the EGP website is featuring specific information on Greece and the Euro crisis. From opinion pieces to press releases, policy documents to expressions of support, the Greens have consistently offered viable solutions to the Greek/Euro crisis.

The Greek Greens of the Ecologist Green Party, who missed out on entering into the Parliament by a mere .03% in the last election, have returned to the campaign trail.

A lasting solution, by means of a comprehensive economic and fiscal union, remains elusive. The plans also continue to lack measures to provide for the necessary democratic accountability and notably exclude the European Parliament.

A deal struck at the ongoing EU summit, under which the EU's bail out funds could be used to directly recapitalise banks and purchase sovereign debt, has been welcomed by the Greens.

Market and media focus is once again on the Spanish economy. However rather than focus on Spain’s overall public debt,is it smarter to look at a bailout tailored just for its banks? A leading German and Spanish Green politicians discuss this prospect, and whether it can become reality.

The German government opposes a possible Banking Union. Meanwhile, the Spanish government is not even able to hold the shareholders of banks accountable for the grave situation and is committed to cuts in essential services that have nothing to do with the current banking crisis and cannot help in resolving it.