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The BRICS Fallacy

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

How Germany Gains From The Euro While Others Pay

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

A Strategy for Resolving Europe’s Problem Loans

Aiyar, Shekhar, Ilyina, Anna, (2015), “A Strategy for Resolving Europe’s Problem Loans”, IMF Direct blog, 24 Σεπτεμβρίου Problem loans are clogging the arteries of Europe’s banking system. The global financial crisis and subsequent recession have left businesses and households in many countries with debts that they cannot repay. Nonperforming loans as a share of total loans in the EU have more than doubled since 2009, reaching €1 trillion—over 9 percent of the region’s …Read More

What Form of Government for the European Union and the Eurozone?

Fabbrini,  Federico, Hirsch Ballin, Ernst, Somsen, Han, (2015), “What Form of Government for the European Union and the Eurozone?”, Modern Studies in European Law, Hart publishing-Oxford, Σεπτέμβριος What is the form of government of the European Union (EU)? And how is the institutional governance of the Eurozone evolving? These questions have become pressing during the last years. On the one hand, the Euro-crisis and the legal and institutional responses to it have had major …Read More

Rethinking the Union of Europe Post-Crisis-Has Integration Gone Too Far?

Majone, Giandomenico, (2014), “Rethinking the Union of Europe Post-Crisis-Has Integration Gone Too Far?”, Cambridge University Press, Απρίλιος In this important new book, Giandomenico Majone examines the crucial but often overlooked distinction between the general aim of European integration and the specific method of integration employed in designing an (ill-considered) monetary union. Written with the author’s customary insight and precision, this highly topical and provocative book reviews the Union’s leaders’ tradition of …Read More

Can We Stop The Fragmentation Of Europe?

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

European Integration in Times of Crisis-Theoretical perspectives

Ioannou, Demosthenes, Leblond, Patrick, Niemann, Arne, (2015), “European Integration in Times of Crisis-Theoretical perspectives”, International Political Economy Series, Routledge publications, 4 Σεπτεμβρίου Few events over the past few decades have given rise to an amount of debate and speculation concerning the state of the European Union (EU) and the future of European integration as the economic and financial crisis that began in 2007. In spite of substantial media, policy-making and …Read More

The European Union Illuminated-Its Nature, Importance and Future

El Agraa, Ali, (2015), “The European Union Illuminated-Its Nature, Importance and Future”, Economics Series, Palgrave-Macmillan publications, Μάϊος 2015 The EU is under stress. Many believe in the euro’s demise because they blame it for the 2008 financial crisis and the unwelcome austerity measures. Many resent the immigrants from the new EU member states, threatening the survival of the Single European Market (SEM). Many complain of a ‘Brussels diktat’, seeking an …Read More

Should Germany Leave the Euro?

Heise, Michael, (2015), “Should Germany Leave the Euro?”, Project Syndicate, 9 Σεπτεμβρίου The debate about whether Greece should leave the eurozone has revived the idea that Germany, and other similarly strong economies, would best serve the rest of the continent if they were the ones to exit the monetary union. But, though that notion may win some applause, implementing it would be shortsighted, impractical, and economically dubious. Σχετικές Αναρτήσεις Sachs, …Read More

Cereals, appropriability, and hierarchy

Mayshar, Joram, Moav, Omer, Neeman, Zvika, Pascali, Luigi, (2015), “Cereals, appropriability, and hierarchy”, Voxeu, 11 Σεπτεμβρίου Conventional theory suggests that hierarchy and state institutions emerged due to increased productivity following the Neolithic transition to farming. This column argues that these social developments were a result of an increase in the ability of both robbers and the emergent elite to appropriate crops. Hierarchy and state institutions developed, therefore, only in regions where appropriable cereal crops had sufficient productivity …Read More