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Deepening the EMU: How to maintain and develop the European social model?

Fernandes, S. and Maslauskaite, K., (2013), Deepening the EMU: How to maintain and develop the European social model?”, Notre Europe – Jacques Delors Institute, Studies and Reports 101, Νοέμβριος. Notre Europe – Jacques Delors Institute publishes a study commissioned by the Federal Chancellery of Austria on the impact of the reforms currently implemented or mooted on national welfare states in the EMU. As Jacques Delors underlines in the foreword of …Read More

A bank restructuring agency for the Eurozone – cleaning up the legacy losses

Beck, T. and Trebesch, C., (2013), “A bank restructuring agency for the Eurozone – cleaning up the legacy losses”, VoxEU, 18 Νοεμβρίου. Many Eurozone banks are still in a fragile state following the Global Crisis. This vulnerability will be highlighted as the ECB takes charge of bank supervision, and the EZ moves towards a banking union. This column proposes a Eurozone bank restructuring agency as a way to speed up …Read More

OECD Economic Outlook 2013

OECD, (2013), OECD Economic Outlook, Vol. 2013/2, OECD Publishing. Τhe global economy is expected to continue expanding at a moderate pace over the coming two years, but policymakers must ensure that instability in financial markets and underlying fragility in some major economies are not allowed to derail growth, according to the OECD’s latest Economic Outlook. “The recovery is real, but at a slow speed, and there may be turbulence on …Read More

Central Banks and Financial Stability

Wren-Lewis, S., (2013), “Central Banks and Financial Stability”, Social Europe Journal, 18 Νοεμβρίου. Inflation is significantly below 2% almost everywhere. In the US, Japan and the UK (even though in the UK inflation is still just above 2%) central banks are doing a great deal to get inflation back to 2%. Maybe not enough, but their goal is clear. The ECB is belatedly following the same path (although it remains …Read More

The Role of Financial Stress in the Sovereign Debt-Output Nexus, and in Economic Activity

Schoder, C., Proano, C. and Semmler, W., (2013), «The Role of Financial Stress in the Sovereign Debt-Output Nexus, and in Economic Activity», EconoMonitor, 18 Νοεμβρίου. Since the outbreak of the euro area crisis, the link between a country’s macroeconomic performance and the level of its sovereign debt has become a central topic in the economic debate. Now, the recent showdown in the U.S. Congress over raising the country’s debt ceiling …Read More

Η Επόμενη Ευρώπη: Προς μια ομοσπονδιακή ένωση

Berggruen, N. και Gardels, N., (2013), “Η Επόμενη Ευρώπη: Προς μια ομοσπονδιακή ένωση”, Foreign Affairs, The Hellenic Edition, 18 Νοεμβρίου. Όταν οι επικεφαλής των τριών μεγάλων θεσμικών οργάνων της ΕΕ – της Ευρωπαϊκής Επιτροπής, του Ευρωπαϊκού Συμβουλίου και του Ευρωπαϊκού Κοινοβουλίου – παρέλαβαν από κοινού το Νόμπελ Ειρήνης στο Όσλο τον περασμένο Δεκέμβριο, έδωσαν έμφαση στον ομιχλώδη σκοπό και στην έλλειψη θεσμικής σαφήνειας που βρίσκονται στο πυρήνα των σημερινών προβλημάτων …Read More

The Jobs Recovery Is Always Two Years Away

Lizoain, D., (2013), “The Jobs Recovery Is Always Two Years Away”, Social Europe Journal, 18 Νοεμβρίου. Is the jobs recovery around the corner? A few week ago, the European Commission published its latest economic forecast. Unemployment in the Euro area is projected to drop from 12.2% in 2014 to 11.8% in 2015. This is seemingly good news. The bad news is that the Commission also predicted that unemployment would begin …Read More

Να αξιοποιηθεί προσεκτικά το διαπραγματευτικό ατού του πρωτογενούς πλεονάσματος

Παγουλάτος, Γ., (2013), Συνέντευξη στη Ναυτεμπορική, Η Ναυτεμπορική, 15 Νοεμβρίου. Τις συστάσεις της Ευρωπαϊκής Επιτροπής στις πλεονασματικές χώρες της Ευρωζώνης, όπως και την «ακαμψία» του Βερολίνου, αναλύει στο naftemporiki.gr ο κ. Γιώργος Παγουλάτος, καθηγητής Ευρωπαϊκής Πολιτικής και Οικονομίας στο Πανεπιστήμιο Αθηνών, διευθυντής στρατηγικού σχεδιασμού επί κυβέρνησης Παπαδήμου. Ειδικότερα για την Ελλάδα σημειώνει ότι το διαπραγματευτικό ατού του πρωτογενούς πλεονάσματος θα πρέπει να αξιοποιηθεί πολύ προσεκτικά εκεί που κατά τη γνώμη …Read More

Public debt and economic growth: There is no ‘tipping point’

Eberhardt, M. and Presbitero, A., (2013), “Public debt and economic growth: There is no ‘tipping point’”, VoxEU, 17 Νοεμβρίου. The idea that there is a common tipping point in the relationship between public debt and economic growth is still widespread. However, this is likely due to a misinterpretation of the existing evidence. Once we allow for the relationship between debt and growth to be country-specific, there is limited evidence supporting …Read More

Trade unions in Europe: Dinosaurs on the verge of extinction?

Schnabel, C., (2013), “Trade unions in Europe: Dinosaurs on the verge of extinction?”, VoxEU, 18 Νοεμβρίου. Though trade union density and its trends vary considerably across Western European countries, in most of them the current density has fallen down in comparison to 30 years ago. This column reviews some explanations for the decline of unionisation and discusses some of the challenges unions need to face. Union membership could still be …Read More

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