Press

Myth and reality about the euro crisis

09 December 2011
The Wall Street Journal
"The whole eurozone strategy is predicated on the assumption that fiscal ill discipline caused this crisis," said Simon Tilford at the CER. "That is a radically incomplete analysis. ...

Brussels summit 'will not resolve euro crisis'

09 December 2011
Channel 4 News
Simon Tilford, from the CER agreed, "This week's summit will do little to solve the fundamentals of this crisis."... Mr Tilford told Channel 4 News the summit should have agreed a fully-fledged fiscal union. Instead, all it had done was tinker. "This is little different from what the eurozone already had: the stability and growth pact. All it does is require states to keep their budget deficits under 3 per cent. That is not a fiscal union, which would mean a federal budget and revenue-raising powers," he said. ...

As the dust settles, a cold new Europe with Germany in charge will emerge

09 December 2011
The Guardian
"For the first time in the history of the EU, the Germans are now in charge. But they are also more isolated than before," said Charles Grant, director of the CER. "The British are certainly more marginal than before. Their influence has never been lower in my lifetime." Whether or not the summit has saved the euro remains, of course, to be seen.

EU crisis: Germany the 'unquestioned' master of Europe, says analysts

08 December 2011
The Economic Times
"For the first time in the history of the EU, Germany is the unquestioned leader, and France is number two," said Charles Grant, of the CER, citing growing inquality ever since the financial crisis struck in 2008.

France, Germany push balanced budget requirement

08 December 2011
USA Today
"I would find it surprising if they are not going to offer any more than this," said Simon Tilford at the CER. "If this is all that is on the table then the future for the euro is very, very bleak indeed."

Ma l’Europa di Merkozy è già vecchia

08 December 2011
Europaquotidiano
«In questo momento mi pare si possa adattare ai leader europei quello che Churchill usava dire a proposito degli americani: si può sempre essere sicuri che facciano la cosa giusta, una volta che abbiano esaurito tutte le altre possibilità». Charles Grant, direttore del Centre for European Reform di Londra, è...

Now the Franco-German question

08 December 2011
Financial Times
As Charles Grant of the CER has observed, the proposals for a stability union presented to the Brussels summit were essentially written in Germany, even if the odd page was edited in Paris.

European financial tax - is the City worth saving?

07 December 2011
Channel 4 News
It is not just eurosceptics who are opposed. Simon Tilford of the CER, told Channel 4 News: "I think a transactions tax would only work if agreed globally. Europe moving unilaterally would achieve little.

Will Europe achieve a solution at summit?

07 December 2011
USA Today
"The euro crisis is transforming the balance of power in Europe," said Charles Grant, director of the CER. "Germany is emerging, for the first time in the EU's history, as the unquestioned leader."

Crisis batters EU's longtime cherished notion of members' equality

07 December 2011
The New York Times
"Germany is the unquestioned leader of Europe," said Charles Grant, director of the CER. "France is definitely subordinate to Germany and Britain has less influence than at any time I can recall.

The Robin Hood tax

06 December 2011
The New York Times
"There is some momentum behind this," said Simon Tilford at the CER. "If they keep the show on the road, they probably will attempt to run with this."

Juncker: "Maßlos überzogen"

06 December 2011
Frantfurter Allgemeine
"Wenn das alles ist, sind das wirklich schlechte Nachrichten für die Zukunft des Euros", sagte der Chefökonom des Londoner Forschungsinstituts Centre for European Reform, Simon Tilford, zu den Plänen von Merkel und Sarkozy.

EU seeks to save the euro, but S&P isn't convinced

06 December 2011
Associated Press
"If this is all we get it's really very bad news for the future of the euro," said Simon Tilford, chief economist at London's Centre for European Reform.

Conflicting visions at core of eurozone crisis

06 December 2011
Reuters
"France and Germany make no secret of wanting less Monnet and more de Gaulle," Charles Grant, director of the Centre for European Reform, wrote in an essay.

Single currency doomed in current form

05 December 2011
Channel 4 News
As Nicolas Sarkozy and Angela Merkel discuss the eurozone debt crisis in Paris, economist  Simon Tilford tells Channel 4 News the single currency cannot survive in its present form.

The French president and German chancellor are at odds over how to resolve the crisis, with Berlin pushing for tougher sanctions...

Believe it or not, Angela Merkel has a plan to tackle the euro crisis

Katinka Barysch
05 December 2011
The Guardian
While Merkel's vision for a fiscal union may not be the answer to all the eurozone's problems it could be a vital part of any solution.
A new "fiscal union" to underpin the euro is the main topic that Angela Merkel and Nicolas Sarkozy will discuss at their Paris meeting. Merkel...

The euro crisis: some dos and don’ts for Cameron

05 December 2011
Financial Times
As Charles Grant notes in the CER’s latest bulletin, Germany and France have a Plan B if Mr Cameron climbs on to his soap box: they can bypass him with a deal among the 17 eurozone states.

Fiddling as the euro burns

Philip Whyte
03 December 2011
The Telegraph
The Germans believe that "the structure of the eurozone is fine, all you need to do is cure errant behaviour within it," says Philip Whyte, senior research fellow at the CER.

Eurozone's rescue plan needs a quick fix

03 December 2011
NPR
Simon Tilford of the CER says the expanded credit lines, in fact, will have little impact on the larger crisis. "It's a positive step, don't get me wrong. It's a welcome step, but it's not going to be a game changer."

El euro elige entre el salto al futuro o el descalabro

03 December 2011
Cinco Dias
"La mutualización de la deuda por sí sola no salvará al euro, pero sin ella es improbable que la zona sobreviva intacta", señala un reciente informe de Simon Tilford, economista jefe del CER, un instituto de estudios con sede en Londres.