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What is a ‘responsible’ fiscal policy today for Europe?

Buti, Μ. & Carnot, Ν. (2015) “What is a ‘responsible’ fiscal policy today for Europe?“, VoxEU Organisation, 24 Φεβρουαρίου.   In an uncertain world, fiscal policy must be robust to a range of models. This column introduces a rule of thumb governing fiscal expansion that is consistent for a group of countries, and for each country individually. Applying this rule to the Eurozone recommends overall fiscal neutrality, with moderate consolidation …Read More

The Intersection of Three Crises

Bhalla, R. (2015) “The Intersection of Three Crises“, STRATFOR Geopolitical Weekly, 24 Φεβρουαρίου.   Within the past two weeks, a temporary deal to keep Greece in the eurozone was reached in Brussels, a cease-fire roadmap was agreed to in Minsk and Iranian negotiators advanced a potential nuclear deal in Geneva. Squadrons of diplomats have forestalled one geopolitical crisis after another. Yet it would be premature, even reckless, to assume that the …Read More

Why We Need A Welfare Union In Europe

Boeri, Τ. (2015) “Why We Need A Welfare Union In Europe“, Social Europe Journal, 23 Φεβρουαρίου.   Are Europe’s welfare states fit to meet the demands brought on by the financial crisis? In an interview with EUROPP’s Managing Editor Stuart Brown, Tito Boeri discusses the need for a ‘stress test’ of the European welfare state, why citizens in southern European countries have been much more susceptible to poverty during the crisis, and …Read More

Why participatory governance offers a realistic route to addressing the EU’s legitimacy crisis

Oskar Lindgren, K. (2015) “Why participatory governance offers a realistic route to addressing the EU’s legitimacy crisis, LSE EUROPP, 24 Φεβρουαρίου.   How can EU decision-making be brought closer to Europe’s citizens? Based on a case study of the ‘REACH’ regulation governing the production and use of chemical substances, Karl-Oskar Lindgren writes on the potential for a participatory governance approach to increase the EU’s legitimacy by enhancing the capacity for …Read More

What Germany Owes Greece

Crook, C. (2015) “What Germany Owes Greece“, BloombergView, 19 Φεβρουαρίου.   How much does it matter, if at all, that Greece’s demand for a new bailout program with softer terms is being pressed by a new government, elected for that very purpose — a government that retains solid support even as its standoff with other European Union governments drags on? How much does democracy matter in a situation like this? …Read More

Who’s Extorting Whom? It’s All About Coercion

Weisbrot, M. (2015) “Who’s Extorting Whom? It’s All About Coercion“, The Huffington Post, 17 Φεβρουαρίου.   The Economist‘s Feb. 6 cover displayed the Venus de Milo statue pointing a revolver, with the headline “Go ahead, Angela, make my day.” In the editors’ upside-down world, Greece is threatening Europe, or at least Germany. Really? On Monday, Feb. 16, European officials “handed Athens an ultimatum: Agree by Friday to continue with a …Read More

Which Side Are You On, Jeroen Dijsselbloem?

Lizoain, D. (2015) “Which Side Are You On, Jeroen Dijsselbloem?“, Social Europe Journal, 18 Φεβρουαρίου.   Just over a hundred years have passed since the greatest failure of European social democracy. The workers’ movement was unable to halt the needless slaughter of World War I. First, Jean Jaures was assassinated, silencing his powerful anti-militarist voice. Soon after, the German SPD voted to authorize war credits for the Kaiser. Proletarian internationalism …Read More

Φάκελος διαπραγμάτευσης Ελλάδας στο Eurogroup

Δόθηκε στη δημοσιότητα από το ελληνικό Υπουργείο Οικονομικών ο φάκελος με τις παρουσιάσεις που έκανε ο Έλληνας Υπουργός Οικονομικών, Γ. Βαρουφάκης, ενώπιον των ομολόγων του κατά τις συνεδριάσεις του Eurogroup στις 11 και 16 Φεβρουαρίου 2015. Ο φάκελος περιέχει τα non papers τεκμηρίωσης που παρείχε η διαπραγματευτική ομάδα, καθώς και τα προσχέδια κείμενα των προτάσεων για την Ελλάδα του επικεφαλής του Eurogroup Γερούν Ντέισελμπλουμ, και του Επίτροπου Οικονομικών Υποθέσεων Πιερ …Read More

Greece, Its International Creditors and the Euro

Sabri Öncü, T. (2015) “Greece, Its International Creditors and the Euro“, Naked Capitalism Blog, 17 Φεβρουαρίου.   Yves here. This is an excellent background piece on how Greece got where it is and how its various bailouts were structured. It also helps explain the past and current roles the various members of the Troika play and discusses the prospects for Greece achieving its aims. By T (, a financial economist …Read More

Germany Emerges

Friedman, G. (2015) “Germany Emerges“, Geopolitical Weekly, STRATFOR Global Intelligence, 10 Φεβρουαρίου.   German Chancellor Angela Merkel, accompanied by French President Francois Hollande, met with Russian President Vladimir Putin on Feb. 6. Then she met with U.S. President Barack Obama on Feb. 9. The primary subject was Ukraine, but the first issue discussed at the news conference following the meeting with Obama was Greece. Greece and Ukraine are not linked …Read More