In ‘Duck Soup‘ – the 1930s Marx brothers’ film – a powerful rich lady tells the ailing government of Freedonia, she will only bail them out with another loan, if her favourite – Groucho Marx – becomes president: chaos follows. Europe may or may not escape chaos as the euro crisis unfolds. But when asking what sort of European Union will emerge out of the Duck Soup of the crisis, there are no upbeat scenarios. Desperate Politics drives all scenarios The euro crisis has battered the EU’s political dynamics, clout and democratic credentials. The sight of technocrats running the Greek and Italian governments has been criticised as anti-democratic . But Europe’s political failings go beyond this. Neither Angela Merkel nor …

The first week of November 2011 has been a tipping point; the moment when it belatedly dawned on pundits and politicians alike that the euro crisis at heart is political – and that if it’s politics versus the markets, then politics is losing hands down for now. From outgoing Greek Prime Minister Papandreou’s torpedoing of the G20 by his ‘bolt from the blue’ referendum call, swiftly withdrawn under outraged pressure from the Merkel-Sarkozy tandem, to Italy’s Berlusconi teetering on the edge, then announcing he will resign and abandon his attempts to cling to power, to Sarkozy  himself introducing larger than expected ‘austerity’ cuts despite the upcoming presidential election in 2012 – politics is back. But normal EU politics this is …

Poland used to be known for its dramatic events, and fury of news. This is no longer the case. While most of Europe is boiling, Poland is now an oasis of stability, almost boredom. Its economy keeps growing, but not spectacularly. Its handling of the EU presidency is smooth, but deals with marginal matters. And in this week’s parliamentary elections, after a very dull electoral campaign, Poles again voted in the same two-party coalition. This is surreal by Polish standards. For in the first 18 years since the end of communism, Poland had 13 different governments, a new one every 17 months on average. But now it looks as though Donald Tusk, the leader of the center-right Civic Platform party, …

The deadlock in conflict resolution in Transnistria – as ‘frozen’ as it was – seems to start ‘melting’. It was about a year ago that Russian President Dmitry Medvedev tabled an exchange proposal to German Chancellor Angela Merkel: Russia would facilitate the resumption of the 5+2 negotiations on Transnistria (Transnistria, Moldova, Russia, Ukraine and OSCE, plus US and EU as observers) in exchange for setting up a joint EU-Russia council where Moscow would have a say in some EU decision-making procedures. Both sides stressed that their conditions should be satisfied first and rejected any speculations about preconditions. It is not surprising that after 20 years of Russian support to Transnistria, there is a lot of scepticism about whether Russia’s willingness …

Though Western media systems are going through a rapid and often painful transformation today with the rise of the internet and mobile platforms, the decline of paid print newspaper circulation, and the erosion of the largest free-to-air broadcast audiences, the ways in which governments provide direct and indirect support for the media have remained largely unchanged for decades. The bulk of the often quite considerable direct and indirect subsidies provided continue to go to industry incumbents coming out of broadcast and print, while innovative efforts and new entrants primarily based on new media receive little or no support. In central ways, public support for the media remains stuck in the twentieth century, and some parts of these support systems are …

When in 1992 the decision to provide Europe with the single currency was adopted, voices were raised claiming that it may be difficult to have a monetary union without a political union. This is considered to be particularly the case on occasion of “asymmetric shocks” which may hit weaker “peripheral economies” in a monetary union, but not stronger “core ones”. The Eurozone, even at its infancy, has never constituted an Optimal Currency Area, but at a time of relative economic growth the Stability and Growth Pact (SGP) was by most considered as a sufficient tool to secure the sustainability of the single currency. However, the economic crisis of the early 2000s and the current “Euro crisis” have proved the opposite. …

In some ways this dichotomy might appear rather antiquated. After all isn’t everything online now and what difference do delivery systems make? But in reality we still see wide divergences between media organisations in terms of both consumption and production. First, consumption: The general tendency across many countries is that most people rely far more on TV than on the press for news. In the UK the disparity is very marked, with TV way out in front. Ofcom reported in 2009 that 74% of people in the UK used TV as their main source of UK news, way ahead of other news sources. More recent 2010 Ofcom figures surveying internet users showed TV ahead of the internet and newspapers as …

In the wake of the scandal currently afflicting Britain’s news industry, it is tempting to believe that anything might be better than putting our faith in the ethics and trustworthiness of professional journalists. So it is a good time to review what social media means for a news industry that is, to put it kindly, in a state of flux. As Tom Standage’s special report makes clear, social media and bloggers can contribute far more to news than was once thought. In recent years mainstream news organisations have often relied on them to break stories that professionals either couldn’t get to or didn’t know about, or to expose weaknesses or failures of interpretation amongst those same professionals. So there is …