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Europe in 2015: Nine things you must watch | Open Europe

/Britain’s date with history
/ Athens going rogue?
/ Spain lurching left 
/The pivot to Berlin
/ Clash of constitution
/The other elections

France/Italy vs Brussels France and Italy will both most likely bust the Commission’s budget targets
next year, by some margin. If the Commission and Berlin push too hard, the political fallout will be serious. Think Front National. If too soft, it suggests the barrage of hard-won new eurozone rules are for nought. As always, a European fudge to save face is the best bet. In the meantime, the French and Italian economies look set to stagnate – in turn fuelhttp://www.bruegel.org/nc/blog/detail/article/1521-greece-to-the-eurozones-rescue/ling domestic discontent.
ECB’s temporary sugar rush TheECB is expected to engage in some sort of Quantitative Easing early next year amid concerns over deflation and lack of demand. It’s likely to boost market confidence in the short-term, particularly given uncertainty around Greece. For a range of reasons though – banks still  hoarding cash and Germany being the destination of the largest bout of QE – the operation will likely have limited impact and lead to disappointment.

Greece is just a foretaste of much bigger fights approaching in 2015   

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