Eurozone crisis: a view from Brussels
With the Eurozone crisis continuing to dominate the headlines of every news outlet across the EU-27 and globally, you can’t help but feel a sense of almost panic and despair in Brussels over how to cure the many issues that remain in the Eurozone crisis. With talks on a daily basis of the death spiral of certain Member States, it cannot be a surprise that the credibility of the potential solutions to the growing list of problems is constantly being questioned.
The global increasing pressure on the institutional leadership is clear - the Eurozone crisis is no longer a problem for those solely using the Euro. The ripple effect on third countries is staggering, with consumer spending in Europe falling, China is feeling a harsh secondary impact, and the with the US already desperately trying to maintain stability, the shock of a Eurozone exit may cause further turmoil. Several economists have already declared the cost to the UK of a Greek exit may total £5bn.
However with all these facts aside the true cost will be to those who live in the hardest hit Eurozone countries and the devastating impact failure will have on not only their generation but potentially the next generation to follow…
If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
Be Global is DLA Piper’s snapshot of key global employment law developments designed to help you identify legal hotspots across your global operations.
The US Department of Treasury’s Office of Foreign Assets Control has issued additional sanctions targeting certain Russian banks, energy and defence companies.
Analysis from The Lawyer
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions