Go to Top

Βιβλιοθήκη

A digital euro to save EMU

Thomas Mayer, (2019), «A digital euro to save EMU», VoxEU, 6 Νοεμβρίου The desire to avoid credit and investment boom-bust cycles has led some to advocate replacing money creation through bank credit extension with direct money issuance by the central bank or a private entity, or linking money to an existing asset. Σχετικές Αναρτήσεις Project Syndicate, (2019), «The Monetarist Era is Over»,  31 Οκτωβρίου Voxeu, (2019), «Right here, right now: The quest …Read More

HSBC: Εννέα στις δέκα επιχειρήσεις στην Ελλάδα αναμένουν ανάπτυξη την επόμενη πενταετία

Καθημερινή, (2019), «HSBC: Εννέα στις δέκα επιχειρήσεις στην Ελλάδα αναμένουν ανάπτυξη την επόμενη πενταετία», 5 Νοεμβρίου Σύμφωνα με την έρευνα, το 85% των ελληνικών επιχειρήσεων αναμένουν ότι η θα αναπτυχθούν κατά το επόμενο έτος, ποσοστό μεγαλύτερο τόσο από τον παγκόσμιο όσο και από τον ευρωπαϊκό μέσο όρο (79%). Μάλιστα, σήμερα το 65% των εταιρειών στην Ελλάδα δηλώνουν πιο αισιόδοξες σε σχέση με πέρυσι και αυτό είναι το μεγαλύτερο ποσοστό στην …Read More

Liquidity linkages in European sovereign bond markets can amplify fundamental economic shocks

Daragh Clancy, Peter G Dunne, Pasquale Filiani, (2019), «Liquidity linkages in European sovereign bond markets can amplify fundamental economic shocks». VoxEU, 4 Νοεμβρίου Stable sovereign bond markets are crucial to a well-functioning economy and financial system. But despite the importance of amplifications of sovereign bond market tensions related to flights-to-safety and sudden liquidity contractions, there is little direct empirical evidence of the transmission channels through which such catalysts for amplification …Read More

Euro area unemployment at 7.5%

Eurostat, (2019), «Euro area unemployment at 7.5%», 31 Οκτωβρίου The euro area (EA19) seasonally-adjusted unemployment rate was 7.5% in September 2019, stable compared with August 2019 and down from 8.0% in September 2018. This is the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in September 2019, stable compared with August 2019 and down from 6.7% in September 2018. This remains the …Read More

Tax-to-GDP ratio up to 40.3% in EU

Eurostat, (2019) «Tax-to-GDP ratio up to 40.3% in EU», 30 Οκτωβρίου The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of Gross Domestic Product, stood at 40.3% in the European Union (EU) in 2018, a slight increase compared with 2017 (40.2%). In the euro area, tax revenue accounted for 41.7% of GDP in 2018, up from 41.5% in 2017 Σχετικές Αναρτήσεις Eurostat,(2018)  «Tax-to-GDP ratio up …Read More

The Single Market remains the decisive power of the EU

Jacques Pelkmans, (2019), «The Single Market remains the decisive power of the EU», Ceps,  18 Οκτωβρίου The EU’s single market should not just be one among several priorities for the new Commission and Parliament. The single market was and is the core business of the EU. Much of what goes on or is proposed under elaborate titles is actually part and parcel of the single market. The striking revelation of …Read More

Government debt down to 86.4% of GDP in euro area

Eurostat/Government debt down to 86.4% of GDP in euro area/22 Οκτωβρίου 2019 At the end of the second quarter of 2019, the government debt to GDP ratio in the euro area (EA19) stood at 86.4%, compared with 86.5% at the end of the first quarter of 2019. In the EU28, the ratio decreased from 81.1% to 80.5%. Compared with the second quarter of 2018, the government debt to GDP ratio …Read More

European economic democracy: a path out of the crisis

Lorena Lombardozzi and Neil Warner, (2019), «European economic democracy: a path out of the crisis», Social Europe, 21 Οκτωβρίου The crisis of purpose in European social democracy is not for want of attempts to propose policy solutions. On one level, reforms which need to take place at the European level—from a eurozone fiscal union to the expansion of protection for workers—are well acknowledged. On the other, especially in the British …Read More

Euro area government deficit at 0.5% and EU28 at 0.7% of GDP

Eurostat/Euro area government deficit at 0.5% and EU28 at 0.7% of GDP/21 Οκτωβρίου 2019 In 2018,the government deficit and debt of both the eur oarea(EA19)and the EU28 decreased in relative terms compared with 2017.In the euro area the government deficit to GDP ratio fell from 0.9% in 2017to 0.5% in 2018,and in the EU28 from1.0%to 0.7%. In the euro area the government debt to GDP ratio declined from 87.8% at …Read More

Brexit and Finance: Brace for No Impact?

Nicolas Veron, (2019), «Brexit and Finance: Brace for No Impact?», Bruegel, 14 Οκτωβρίου Amid the daily high drama of Brexit, it is easy to lose track of the structural shifts, or lack thereof, that may be associated with the UK’s possible departure from the European Union. One of them, and not the least, is the potential impact on the European and global financial system. London is currently the undisputed financial hub of …Read More