Broner, A. F., Erce, A., Martin, A. & Ventura, J. (2014) “Sovereign debt markets in turbulent times: A view of the European crisis“, VoxEU Organisation, 23 Ιουλίου. By 2010, Eurozone periphery countries had faced severe debt problems and a falling credit to the private sector. This column proposes a theory to interpret these events. Governments can discriminate in favour of domestic creditors and public debts trade in secondary markets. …Read More
Corporate Insolvencies in Europe, 2013/14
ICAP (2014) “Corporate Insolvencies in Europe, 2013/14“, Creditreform, Wirtschaftsforschung, Ιούλιος. The great European economic crisis: For five years now, it has had the continent firmly in its grip. Recently, though, there were optimistic signs when Greece and Portugal succeeded for the first time in ages in placing substantial government bonds on the capital markets and thus making themselves independent of ESM and Co. For the indebted countries of Southern …Read More
Europe’s Options
Boskin J. Μ. (2014) “Europe’s Options“, Project Syndicate, 22 Ιουλίου. Many Europeans have come to believe that they have weathered the economic and financial storm. In the last two years, deficits and debt have stabilized. Yields on the sovereign debt of the eurozone periphery’s weak economies have fallen sharply. Portugal and Ireland have exited their bailout programs. Talk of Greece leaving the euro has subsided. CommentsView/Create comment on this …Read More
Βιβλιοθήκη » EE » Πολιτική » Άρθρα Γνώμης
Europe’s Stalemate
Tamborini, R. & Farina, F. (2014) “Europe’s Stalemate“, Economonitor, 17 Ιουλίου. The causes of the present crisis of the European Union trace back to the past phases of the integration process. In the 1980s, the series of agreements and common policies of “mutual advantage” among the EU members came to an end. Most economies of scale had been exploited by the EU countries, as an effect of the access …Read More
Βιβλιοθήκη » EE » Πολιτική » Άρθρα Γνώμης
Tax harmonisation in Europe: Moving forward
Benassy-Quéré, A. & Wolff, G. (2014) “Tax harmonisation in Europe: Moving forward“, VoxEU Organisation, 22 Ιουλίου. Tax harmonisation has been controversial since the establishment of the European Economic Community, and corporation tax proposals are currently on the table in the EU. Although tax competition can be beneficial, tax harmonisation could curb tax competition that leads to the under-provision of public goods or to burden-shifting from mobile to immobile tax …Read More
European Social Policy For The Next Five Years
Nahles, A. (2014) “European Social Policy For The Next Five Years“, Social Europe Journal, 21 Ιουλίου. For generations, Europe was a project of hope. To my parents’ generation, after a time of war and hostility, Europe represented the hope of achieving economic progress together in an atmosphere of peace and friendship. To my generation, Europe symbolised a place of hope and freedom following the Cold War. We criss-crossed fading …Read More
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European economy’s invisible transformation: expulsions and predatory capitalism
Sassen, S. (2014) “European economy’s invisible transformation: expulsions and predatory capitalism“, Eurocrisis in the Press, LSE EUROPP, 03 Ιουλίου. Parts of our economies, societies, and states in Europe are being stripped bare by an extreme form of predatory capitalism. And this stripping can coexist with growth in much of our economies. The majority of workers and economic operations keep functioning, even if at reduced levels. The language of low …Read More
Βιβλιοθήκη » EE » Οικονομία » Βιβλία
Juncker raises high expectations with ambitious agenda
Lannoo, K. (2014) “Juncker raises high expectations with ambitious agenda“, Politics and Institutions, CEPS Commentaries, 16 Ιουλίου. Based on his speech to the European Parliament on July 15th, following his election as President of the European Commission, Jean-Claude Juncker has clearly opted for ‘more Union’ during his five-year term, offering up an ambitious agenda that raises a host of expectations. In this CEPS Commentary, Karel Lannoo outlines the most …Read More
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Book Review: The Europe Dilemma: Britain and the Drama of EU Integration by Roger Liddle
El Sehrawey, A. (2014) “Book Review: The Europe Dilemma: Britain and the Drama of EU Integration by Roger Liddle“, LSE EUROPP, 21 Ιουλίου. What is Britain’s future in Europe? What future should Britain want for the EU? Roger Liddle‘s book provides valuable commentary on a topic that is highly salient in Britain and could radically change the trajectory of the country on multiple levels, writes Amani El Sehrawey. The …Read More
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Corporate governance of banks and financial stability
Laeven, L. & Ratnovski, L. (2014) “Corporate governance of banks and financial stability“, VoxEU Organisation, 21 Ιουλίου. Bank distress during the recent crisis caused significant damage to the real economy. Appropriately, the policy response focused on stronger bank supervision and regulation. This column asks if there is a role for improvements in bank corporate governance. Based on the literature the authors suggest that better risk management, regulation of pay, …Read More