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The Euro Area Lending Survey-2nd Quarter 2013

European Central Bank, (2013), “The Euro Area Lending Survey-2 nd Quarter 2013”, 24 Ιουλίου. The European Central Bank (ECB) is publishing its report on the results of the July 2013 euro area bank lending survey today. The bank lending survey, which is conducted four times a year, usually at the beginning of each quarter, was developed by the Eurosystem in order to enhance the understanding of bank lending behaviour in …Read More

Report on public finances in EMU

European Commission, (2013), “Report on public finances in EMU”, European Economy,   4/2013, Ιούλιος. The Report presents recent budgetary developments, describes advances in budgetary surveillance and proposes a new indicator of fiscal effort based on a narrative approach. It also shows the developments of health expenditures and the possibility of introducing cost-containing reforms that preserve high quality standards in the provision of health services.

OECD Employment Outlook

OECD, (2013), Employment Outlook, Paris. Concerns are growing in many countries about the strains that persistently high levels of unemployment are placing on the social fabric. Over five years have passed since the onset of the global financial and economic crisis but an uneven and weak recovery has not generated enough jobs to make a serious dent in unemployment in many OECD countries. In April 2013, 8% of the OECD …Read More

IMF, (2013), World Economic Outlook-Update, July.

IMF, (2013), World Economic Outlook-Update, July. Global growth is projected to remain subdued at slightly above 3 percent in 2013, the same as in 2012. This is less than forecast in the April 2013 World Economic Outlook (WEO), driven to a large extent by appreciably weaker domestic demand and slower growth in several key emerging market economies, as well as a more protracted recession in the euro area. Downside risks …Read More

High Level Group on Modernisation of Higher Education

European Commission, (2013), High Level Group on Modernisation of Higher Education, Ιούνιος 2013. The EU high-level group on modernisation of higher education publishes its first report today on improving the quality of teaching and learning in universities. The group, chaired by former President of Ireland Mary McAleese, makes 16 recommendations (see Annex 1) which include a call for mandatory certified training for professors and other higher education teaching staff, more …Read More

Building a Strengthened Fiscal Framework in the European Union: A Guide to the Stability and Growth Pact

Frayne, Christine,  Jaffee, Elizabeth,  Riso, Stéphanie, (2013),  “Building a Strengthened Fiscal Framework in the European Union: A Guide to the Stability and Growth Pact”, European Economy, Occasional Papers, N.150. This publication provides a non-technical overview of the Stability and Growth Pact, the rule-based framework for fiscal policy in the European Union. It is divided into two sections. The first section provides a historical look at the evolution of the SGP’s …Read More

EU-IMF assistance to euro area countries: an early assessment

Pisani-Ferry, Jean,  Sapir, André & Wolff, Guntram, (2013), EU-IMF assistance to euro area countries: an early assessment, Bruegel. Three years ago, in May 2010, Greece became the first euro-area country to receive financial assistance from the European Union and the International Monetary Fund in exchange for implementing an economic programme designed by the Troika of the European Commission, the European Central Bank and the IMF. Within a year, Ireland and Portugal went …Read More

Future Scenarios for the Eurozone: 15 Perspectives on the Euro Crisis

Scenario Team Eurozone 2020, (2013), “Future Scenarios for the Eurozone: 15 Perspectives on the Euro Crisis”, Friedrich Ebert Stiftung, Μάρτιος. The Eurozone is standing at a crossroads, facing the biggest challenges in its history: the systemic crisis and the political attempts to overcome it have far-reaching consequences for the future of the Economic and Monetary Union, European integration and Europe in the world. By identifying the main driving forces that …Read More