Today Greece is having its big repayment deadline of €14,5 billion, which they are able to fulfill, because the first tranche of their second bailout from the EU and IMF was transferred yesterday. Still there’s lots to worry about. As Financial Times Brussels bureau chief, Peter Spiegel, points out in this blog IMF seems to have a lot of uncertainties on the situation in Greece. And on top of this there is an general election coming up in Greece next month, which dramatically can change the direction of the economic governance.
And well if you think the eurocrisis is over, you might want to give it an extra thought. Still there are lots of fragile economies in the southern Europe, and one of the most obvious consequences of this can be seen in Switzerland according to the BBC, where some traditional Swiss communities are under some heavy changes because of Portuguese jobseekers.
Jean-Claude Juncker – the president of the Eurogroup, which is the finance ministers of the eurozone countries – will end his term in June 2012, and there are already speculations around who will be his successor. One bid getting more and more buzz, is the German finance minister, Wolfgang Schäuble. Under normal conditions, an German finance minister would never be legitimate, but in absence of other qualified candidates, this might be the case, anyway.
So, we have already mentioned the Greek elections coming up in next month – but this isn’t the only general election that Europeans have to worry about. Another important election in April is the French presidential election. Businessinsider.com has made this 2-minute guide to the french election.
At last a little sidekick from our own world. Ronny Patz from the Polscieu blog has studied how good EU bloggers are to link to each other. Not very good, it seems. This have caused quite some discussion in the blogosphere, and it’s worth following at Ronny Patz’ blog, which you can – and here is a link – follow right here.