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A European Monetary Fund: Why and how?

Daniel Gros, Thomas Mayer, (2017), «A European Monetary Fund: Why and how?», CEPS Working Paper, 11 Δεκεμβρίου We argued as early as 2010, at the outset of the sovereign debt crisis, that Europe needs a European Monetary Fund (EMF). In the meantime, the European Stability Mechanism (ESM) has been created, which performs the function of an EMF. It was critical in containing the cost of the crisis and four of its five country programmes …Read More

Ενστάσεις Βερολίνου στο σχέδιο Ευρωπαϊκού Νομισματικού Ταμείου

Η Καθημερινή, (2017), «Ενστάσεις Βερολίνου στο σχέδιο Ευρωπαϊκού Νομισματικού Ταμείου», 7 Δεκεμβρίου Εντονες ενστάσεις έχουν προβάλει ήδη ορισμένα κράτη-μέλη, προεξαρχούσης της Γερμανίας, για τη δέσμη προτάσεων που παρουσίασε χθες η Ευρωπαϊκή Επιτροπή με απώτερο στόχο την περαιτέρω ενοποίηση αλλά και ενίσχυση των κρατών-μελών της Ευρωζώνης. Σχετικές Αναρτήσεις Γ. Παγουλάτος, Σ. Μπλαβούκος, Θ. Ντόκος, Δ. Τσίγκου, Γ. Παπαγεωργίου, (2017), «Προτάσεις Για Την Ευρωπαϊκή Οικονομική Διακυβέρνηση», διαΝΕΟσις, Δεκέμβριος Βαρβιτσιώτη, Ελένη, (2017), «Διελκυστίνδα …Read More

Challenges for euro area monetary policy in early 2018

Yves Mersch, (2017), «Challenges for euro area monetary policy in early 2018», European Central Bank, 6 Δεκεμβρίου Speech by Yves Mersch, Member of the Executive Board of the ECB, at the 32nd International ZinsFORUM, Frankfurt am Main, 6 December 2017. Σχετικές Αναρτήσεις Draghi, Mario, (2017), «Monetary policy and the economic recovery in the euro area», European Central Bank (ECB), 6 Απριλίου Peter Müller, Christian Reiermann, (2017), «Juncker Seeks Greater Commission Control …Read More

GDP up by 0.6% in both the euro area and the EU28

Eurostat/GDP up by 0.6% in both the euro area and the EU28/7 Δεκεμβρίου 2017 Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the third quarter of 2017, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2017, GDP grew by 0.7% in both areas. Σχετικές Αναρτήσεις Eurostat/GDP up by 0.6% …Read More

Zombie firms and weak productivity: what role for policy?

OECD, (2017), «Zombie firms and weak productivity: what role for policy?», 6 Δεκεμβρίου Weak productivity growth is a major problem afflicting most  societies. It curbs growth in incomes and endangers the sustainability of social security systems. An important, but often ignored, source of the productivity slowdown is the increasing prevalence of weakly productive firms and, among them, “zombie firms” – in essence  firms  that would typically exit or be forced …Read More

The Window for EU Reform Has Closed for Now

Leonid Bershidsky, (2017), «The Window for EU Reform Has Closed for Now», BloombergView, 7  Δεκεμβρίου Just a couple of months ago, Europhile Emmanuel Macron was settling in as French president and Angela Merkel was victorious from a German election. It looked like Europe had a rare window of opportunity for closer integration. Now the window appears to have shut, with European Commission President Jean-Claude Juncker mounting a solo effort to crack …Read More

Pensions at a Glance: OECD and G20 Indicators

OECD, (2017), «Pensions at a Glance: OECD and G20 Indicators», OECD Publishing, Paris The 2017 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, one special chapter focuses on flexible retirement options in OECD countries and discusses people’s preferences regarding flexible retirement. Σχετικές Αναρτήσεις Salzano, Giovanni, (2017), «Greece Leads Euro Area in Share Spent on Old-Age Pensions: Chart», Bloomberg …Read More

Should we prosecute political leaders after a crisis? Lessons from Iceland

Ragnar Hjalmarsson, Iosif Kovras, (2017), «Should we prosecute political leaders after a crisis? Lessons from Iceland», EUROPP LSE, 6 Δεκεμβρίου Prosecuting politicians has become popular in the aftermath of the recent global financial crisis. It has mobilised such diverse groups as the Occupy movement and the Indignados in Southern Europe and inspired Trump’s supporters to ask for Hillary Clinton to be ‘locked up’. Σχετικές Αναρτήσεις Moury, Catherine, Standring, Adam, (2017), «How Portugal’s leaders …Read More

Juncker Seeks Greater Commission Control over Eurozone

Peter Müller, Christian Reiermann, (2017), «Juncker Seeks Greater Commission Control over Eurozone», Spiegel Online, 5 Δεκεμβρίου Jean-Claude Juncker never lets others outshine him if he spots an opportunity to give the European project a boost. And that goes for friends and enemies alike.Indeed, the European Commission president has now come up with a project that not only transgressions the mandate given him by the leaders of the European Union member states, …Read More

The Globalization of Our Discontent

Joseph E. Stiglitz, (2017), «The Globalization of Our Discontent», Project Syndicate, 5 Δεκεμβρίου Globalization, which was supposed to benefit developed and developing countries alike, is now reviled almost everywhere, as the political backlash in Europe and the US in recent years has shown. The challenge is to minimize the risk that the backlash will intensify, and that starts by understanding – and avoiding – past mistakes. Σχετικές Αναρτήσεις Skidelsky, Robert, …Read More

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