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A European atlas of economic success and failure

Zsolt Darvas, Jan Mazza and Catarina Midoes, (2019), “A European atlas of economic success and failure”, Bruegel, 3 Ιουνίου Economic growth was diverse across EU regions, yet it is crucial to control for region-specific factors in assessing growth performance. We find that there are rather successful regions in many EU countries, suggesting that the EU can provide a good framework for growth. Yet the worst performers are more concentrated in …Read More

Euro area annual inflation down to 1.2%

Eurostat/Euro area annual inflation down to 1.2%/4 Ιουνίου 2019 Euro area annual inflation is expected to be 1.2% in May 2019, down from 1.7% in April according to a flash estimate from Eurostat, the statistical office of the European Union. Σχετικές Αναρτήσεις Eurostat/Annual inflation up to 1.7% in the euro area/17 Μαϊου 2019 Eurostat/Euro area annual inflation up to 1.7%/3 Μαϊου 2019

European Parliament election results: The long view

Veron, Nicolas (2019), “European Parliament election results: The long view“,, Μάιος Comments about the European Parliament election results are predictably all over the place, and typically reveal more about the commentator than anything else. To get a clearer sense of direction, it may be useful to compare the outcome not only with recent opinion polls, or the previous election, but also with all the other ones before. Σχετικές Αναρτήσεις …Read More

EKT: Προλειαίνει το έδαφος για νέο QE- αλλά το κλειδί βρίσκεται στη μάχη διαδοχής

Στασινού, Νατάσα (2019), “EKT: Προλειαίνει το έδαφος για νέο QE- αλλά το κλειδί βρίσκεται στη μάχη διαδοχής“,, Μάιος Δύο ουσιαστικές αλλαγές στην στρατηγική της Ευρωπαϊκής Κεντρικής Τράπεζας αναμένουν οι αναλυτές την επόμενη εβδομάδα. Εκτιμούν ότι στη συνεδρίαση της ερχόμενης Πέμπτης θα δεσμευθεί για διατήρηση των επιτοκίων στα σημερινά ιστορικά χαμηλά επίπεδα τουλάχιστον έως τα μέσα του 2020 και όχι απλώς έως τα τέλη του τρέχοντος έτους, όπως έχει υποσχεθεί …Read More

Πού οδηγείται η μεταρρύθμιση της Ευρωζώνης

Στασινού, Νατάσα (2019), Πού οδηγείται η μεταρρύθμιση της Ευρωζώνης,, Μάιος Ανισορροπίες, αποκλίσεις και στρεβλώσεις στην Ευρωζώνη αποδίδονται συχνά από τους ειδικούς στο γεγονός ότι δεν είναι πραγματική οικονομική ένωση. Θα περίμενε λοιπόν κανείς όσοι διαμαρτύρονται για όλα τα παραπάνω να επιδιώκουν ταχύτερα και πιο δυναμικά βήματα στην κατεύθυνση της βαθύτερης ολοκλήρωσης. Αντ’ αυτού άλλοι ζητούν επανεθνικοποίηση πολιτικών που συνδέονται με την οικονομία και άλλοι απαιτούν χαρακτηριστικά ένωσης, όπως οι δημοσιονομικές …Read More

Europe’s Citizens Say They Want a More Political EU

Jean Pisani-Ferry, (2019), “Europe’s Citizens Say They Want a More Political EU”, Project Syndicate, 30 Μαϊου The recent European Parliament election suggests that a growing share of European voters sees things differently from national governments. Whereas citizens clearly used their votes to express policy preferences, very few governments are ready for a more political EU leadership. Σχετικές Αναρτήσεις James, Harold (2019), «Game of EU Thrones» , The, Μάιος Steve …Read More

Imagine choosing Mario Draghi’s successor on merit

Swaha Pattanaik, (2019), “Imagine choosing Mario Draghi’s successor on merit”, Reuters, 29 May Imagine, for a moment, that the next head of the European Central Bank was chosen on merit. In reality, the process of selecting Mario Draghi’s successor is likely to involve a complex tug of war between rival governments as they carve up the European Union’s top jobs. But as Finnish central bank chief Olli Rehn told a …Read More

How to design the European Deposit Insurance Scheme

Esa Jokivuolle and George P. Pennacch, (2019), “How to design the European Deposit Insurance Scheme”, VoxEU, 31 Μαϊου Much of financial regulation has been focusing on adequately pricing risk taking by lenders. This column argues that a multinational deposit insurance system such as the proposed European Deposit Insurance Scheme has important advantages, but can also create conflicts among its member nations due to potential deposit insurance subsidies that differ across …Read More

The ECB’s Changing of the Guard

Lucrezia Reichlin, (2019), “The ECB’s Changing of the Guard”, Project Syndicate, 27 Μαϊου After steering the eurozone through a decade of crises, the top leaders of the European Central Bank are now on their way out. Their successors will face both similar and new challenges, and whether they confront them as effectively will depend on European national governments picking the right women and men for the job. Σχετικές Αναρτήσεις Stefan …Read More

The procyclicality of banking in the euro area

Huizing, Harry and Laeven Luc (2019), “The procyclicality of banking in the euro area“, VOX CEPR Policy Portal, Mάιος A high procyclicality of banks’ loan loss provisioning is undesirable from a financial stability perspective, as it implies that bank capitalisations are more negatively affected at the trough of the business cycle, exactly when capital market conditions for banks are at their weakest. This column finds that provisioning procyclicality in the euro …Read More