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"There is no doubt that Italy is now vulnerable to a deterioration of investor sentiment", said Simon Tilford, the chief economist at the CER in London. "If they were to have a period of instability and less prudent management of the country's public finances, that could well prompt more investors to look more askance." ..."Depending on what happens with Spain, Italy can make contagion more likely and more rapid by mismanaging its fiscal position." Indeed, whatever the political outcome here on Tuesday, Mr Tilford added, "Italy isn’t out of the woods."

"The problem of the European responses since the start of the year has been that they have always been slightly behind the curve," said Philip Whyte, a senior research fellow at the Centre for European Reform.

"Most of the information on this is not in the public domain. But the bottom line is that there is enough political will in NATO now to do defence plans for the Baltic states. The opposition has melted away over the past 18 months," said Tomas Valasek, defence analyst at the Centre for European Reform. … "The whole point is not to paint Russia as a threat. It is about reassuring those countries that are seriously worried. The debate is primarily about Poland and the Baltic. Geography has a lot to do with it," said Valasek.

Se romperá el euro, titula su trabajo Charles Grant, director del Centre for European Reform (CER), quien cree de todas formas que, a pesar de todas las dificultades, "es improbable que el euro se fracture". Y significa que "muchos anglosajones subestiman la fuerza de la voluntad política que lo sostiene". ... Simon Tilford, economista jefe del CER, no tiene ninguna duda de que la "unión fiscal" es imprescindible para reconducir la crisis. Insiste en que "la crisis de la deuda soberana de la eurozona es política, no es un problema económico".

Simon Tilford, chief economist at the Centre for European Reform, said: "As it stands ... a number of member states are effectively insolvent and caught in a vicious circle. The collapse of economic growth has devastated tax revenues, while deflation threatens to push up the real value of their debts."

"By their actions, the Germans have unsettled the markets and brought about what they're hoping to prevent," said Simon Tilford, chief economist at the Centre for European Reform, a London think-tank.

"The Germans have accepted that there will be more bailouts," says Simon Tilford, chief economist at the Centre for European Reform, a London-based think-tank. "They have compromised on their demand that haircuts for bondholders should be automatic," he says.

"I don't think it's sustainable in the absence of a much greater degree of political and economic integration," said Simon Tilford, chief economist at the Centre for European Reform, a research institute based in London. … "It's very hard for any economy to flourish in the teeth of fiscal austerity of this magnitude — let alone those that can't devalue," Mr Tilford said. … Mr Tilford, of the Centre for European Reform, is skeptical of that argument.

"What's needed is a special summit on immigration, but it's still early days," said Hugo Brady of the Centre for European Reform. … "The fate of the EU and Africa are joined together over the next 20 years … If you don't put in place a legitimate system to deal with immigration there'll be problems, aggravated by climate change decreasing farming land in Africa."