Palacio, Ana, (2015), “The BRICS Fallacy”, Project Syndicate, 29 Σεπτεμβρίου The recent downgrade of Brazil’s credit rating to junk status was followed by a raft of articles heralding the crumbling of the BRICS (Brazil, Russia, India, China, and South Africa). How predictable: schadenfreude almost always follows bad news about the BRICS, whose members were once hailed as the world’s up-and-coming economic powerhouses and next major political force. Σχετικές Αναρτήσεις Παπανικολάου, …Read More

Janssen, Ronald, (2015), “How Germany Gains From The Euro While Others Pay”, Social Europe Journal, 27 Σεπτεμβρίου One of its main ideas is that the euro area lacks a procedure that could declare member states bankrupt when having lost access to financial markets. This makes the restructuring of unsustainably high debt burdens even more complicated than it is. Schäuble’s non-paper even uses the Greek crisis to argue that this situation …Read More

Dervis, Kemal, (2015), “Can We Stop The Fragmentation Of Europe?”, Social Europe Journal, 22 Σεπτεμβρίου The European Union’s economic crises of the last half-decade have fueled the emergence of a deep divide between the northern creditor countries and the southern debtors. Now Europe’s migrant crisis is creating an east-west divide between the countries that are welcoming toward the ongoing influx of refugees, and those who want to do little, or …Read More