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Can Public Private Partnerships (PPPs) lever investment to get Europe out of economic crisis?

Dheret, Claire, Martens, Hans,  Zuleeg Fabian, (2012), ‘Can  Public  Private  Partnerships (PPPs)  lever  investment to  get Europe out of economic crisis?’, EPC Issue Paper, N.71. To overcome Europe’s deep economic crisis, investment is crucial. But with public finances under severe strain and a limited EU budget, private-sector investment will have to be a key driving force. This report produced by the European Policy Centre focuses on analysing stakeholders’ perceptions of the …Read More

The Eurozone breakup debate: Uncertainty still reigns

Nordvig, Jens, (2012), “The Eurozone breakup debate: Uncertainty still reigns”,  www.voxeu.org, 6 Νοεμβρίου. Conversations about the breakup of the Eurozone are changing. This column argues that an ‘avoid breakup at all costs’ dogmatism may not be a prudent view. Getting good data may well be difficult, but any arguments about the cost of a Eurozone breakup must be compared to the ongoing cost of the status quo.

Financial Crises in Iceland and Ireland: Does European Union and Euro Membership Matter?

Thorhallsson, Baldur, Kirby, Peadar, (2012),‘Financial Crises in Iceland and Ireland: Does European Union and Euro Membership Matter?’,  Journal of Common Market Studies, Vol. 50, Issue 5,p.p. 801–818. The article examines the claims of the small states literature on the importance of alliance formation. It applies it to the case of Ireland and Iceland and asks whether membership of the EU and euro in Ireland and the absence of these in …Read More

Macroeconomic Imbalances as Indicators for Debt Crises in Europe

Knedlik, Tobias, Von Sshweinit, Gregor, (2012),‘Macroeconomic Imbalances as Indicators for Debt Crises in Europe’, Journal of Common Market Studies, Vol.50, Issue 5, p.p.726–745. European authorities and scholars published proposals on which indicators of macroeconomic imbalances might be used to uncover risks for the sustainability of public debt in the European Union. In this article the ability of four proposed sets of indicators to send early warnings of debt crises is …Read More

Mispricing of Sovereign Risk and Macroeconomic Stability in the Eurozone

De Grauwe, Paul, (2012),‘Mispricing of Sovereign Risk and Macroeconomic Stability in the Eurozone’, Journal of Common Market Studies, Vol. 50, Issue 6, p.p.866–880. The economic and financial crisis and its aftermath have put economic and monetary union (EMU) to the test and exposed gaps in its initial policy architecture. Collective rules of fiscal discipline have proven difficult fully to enforce and excessive public indebtedness has been confirmed as a potential …Read More

The EMU Debt Crisis: Early Lessons and Reforms

Buti, Marco, Carnot, Nicolas (2012), ‘The EMU Debt Crisis: Early Lessons and Reforms’, Journal of Common Market Studies, Vol. 50, Issue 6, p.p. 881-898. The economic and financial crisis and its aftermath have put economic and monetary union (EMU) to the test and exposed gaps in its initial policy architecture. Collective rules of fiscal discipline have proven difficult fully to enforce and excessive public indebtedness has been confirmed as a …Read More

The Interplay of Economic Reforms and Monetary Policy: The Case of the Eurozone

Drudi, Francesco, Durre, Alain, Paolo Mongelli, Francesco, (2012),‘The Interplay of Economic Reforms and Monetary Policy: The Case of the Eurozone’, Journal of Common Market Studies, Vol. 50, Issue 6, p.p. 881–898. The world has been struck by a mutating systemic financial crisis that is unprecedented in terms of financial losses and fiscal costs, geographic reach, and speed and synchronization. The crisis from August 2007 to date can be divided into …Read More

An optimistic case for the Euro

Feldstein, Martin, (2012), ‘An optimistic case for the Euro’, www.project-syndicate.org, 30 Οκτωβρίου. The prospects for the euro and the eurozone remain uncertain. But recent events at the European Central Bank, in Germany, and in global financial markets, make it worthwhile to consider a favorable scenario for the common currency’s future.

How would Portugal have fared in the past decade under the debt rule?

Capone-Parisi, Elisa, (2012), ‘How would Portugal have fared in the past decade under the debt rule?’, www.economonitor.com, 29 Οκτωβρίου. Portugal was the second country (after Greece) to ratify the fiscal compact treaty (together with the ESM). The fiscal compact will be implemented under the auspices of the European Court of Justice which will monitor the national rule’s compliance with the treaty.  

How to avoid a double-dip recession in the eurozone

De Grauwe, Paul, (2012), ‘How to avoid a double-dip recession in the eurozone’, www.ceps.be, 17 Νοεμβρίου. This CEPS Commentary argues that the way in which the burden of adjustment to the imbalances in the eurozone is borne almost exclusively by the deficit countries in the periphery produces a deflationary bias in the region as a whole. Against the threat of double-dip recession, Paul De Grauwe asserts that the adjustment could …Read More