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Ε.Ε: Επί τάπητος σήμερα στις Βρυξέλλες η μεταρρύθμιση της Ευρωζώνης

Ναυτεμπορική, (2017), “Ε.Ε: Επί τάπητος σήμερα στις Βρυξέλλες η μεταρρύθμιση της Ευρωζώνης”, 15 Δεκεμβρίου Το θέμα της μεταρρύθμισης της Ευρωζώνης θα συζητήσουν σήμερα στις Βρυξέλλες οι Ευρωπαίοι ηγέτες, κάτι που επιθυμεί πρωτίστως ο Γάλλος πρόεδρος Εμανουέλ Μακρόν, όμως το χρονοδιάγραμμά της έχει καθυστερήσει εξαιτίας της πολιτικής κρίσης στη Γερμανία. Σχετικές Αναρτήσεις Andre Tartar, (2017), «How the Populist Right Is Redrawing the Map of Europe», Bloomberg, 11 Δεκεμβρίου Ferdinando Guigliano, (2017), …Read More

The Euro Zone Needs More Than a New Roadmap

Ferdinando Guigliano, (2017), “The Euro Zone Needs More Than a New Roadmap”, Bloomberg View, 15 Δεκεμβρίου When the European Council meets Thursday and Friday, one document for discussion will be the European Commission’s new plan for the future of monetary union. Many of the ideas are not so much innovative as useful. Others look difficult to enforce. Most importantly, the reform plan will remain yet another meaningless document until euro …Read More

Greece’s recovery on track, boosted by business activity and tourism

Nikos S. Magginas, Effrosyni Alevizopoulou, Aikaterini Gouveli, Eleni Balikou, (2017), “Greece’s recovery on track, boosted by business activity and tourism”, NBG Economic Analysis Department Greece Macro Analysis Team, Δεκέμβριος 2017 According to NBG analysis, Q3:2017 trends can be explained by strong business activity and an inventory replenishment by Greek businesses in view of the higher-than-initially-expected demand in the first semester and strong orders for H2:2017. Σχετικές Αναρτήσεις Sotiris Nikas, Christos Ziotis, Nikos Chrysoloras, (2017), «Betting on A Greek Recovery», Bloomberg, …Read More

Employment up by 0.4% in the euro area and by 0.3% in the EU28

Eurostat/Employment up by 0.4% in the euro area and by 0.3% in the EU28/13 Δεκεμβρίου 2017 The number of persons employed increased by 0.4% in the euro area (EA19) and by 0.3% in the EU28 in the third quarter of 2017 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the second quarter of 2017, employment increased by 0.4% in the euro …Read More

Europe fettered: How foreign trade distortions hold back European exporters

Simon Evenett, Johannes Fritz, (2017), “Europe fettered: How foreign trade distortions hold back European exporters”, VoxEU, 12 Δεκεμβρίου The focus of much of the literature on the trade impact of crisis-era protectionism on import restrictions is misplaced. This column introduces the latest Global Trade Alert report, which shows that while import restrictions played their part in holding back European exporters, trade-distorting subsidies were more important. Σχετικές Αναρτήσεις  Simon Evenett, (2017), …Read More

Latest data shows developing trends in the European Central Bank’s refinancing operations

Konstantinos Efstathiou, (2017), “Latest data shows developing trends in the European Central Bank’s refinancing operations”, Bruegel, 12 Δεκεμβρίου At this stage, open market operations of the European Central Bank (ECB) primarily consist of long-term funding with maturity exceeding three years, i.e. mostly Targeted Long-Term Refinancing Operations (TLTROs). The importance of traditional, one-week Main Refinancing Operations (MRO) and three-month Long-Term Refinancing Operations (LTROs) has all but disappeared. More recently, the relative …Read More

Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century

 Simon Evenett, (2017), “Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century”, VoxEU, 6 Δεκεμβρίου Two hundred years ago, with a simple yet profound example about England trading cloth for Portuguese wine, David Ricardo introduced the Principle of Comparative Advantage. In this eBook, leading trade policy analysts examine whether Ricardo’s insights remain valid in a world where services as well as good cross borders as does data and technology, where there …Read More

The macroeconomic consensus underpinning EMU is shifting.Could it pave the way for a completion of the Eurozone?

Sebastian Diessner , (2017), “The macroeconomic consensus underpinning EMU is shifting.Could it pave the way for a completion of the Eurozone?”, EUROPP LSE, 13 Δεκεμβρίου The Eurozone crisis prompted many observers to conclude that the Eurozone requires a banking and fiscal union to be considered ‘complete’. But realising these aims remains politically difficult and it is far from clear how agreement can be reached on the way forward. Sebastian Diessner …Read More

Europe As A Solution To Nationalism

Manuel Muñiz,(2017), “Europe As A Solution To Nationalism”, SocialEurope, 13 Δεκεμβρίου José Ortega y Gasset, one of Spain’s pre-eminent intellectuals of the 20th century, wrote in his 1922 seminal work “Invertebrate Spain” that what underpins the existence of nations is not a common history but rather a “compelling project for tomorrow”. For Ortega it was not a shared past that brought and kept diverse peoples together but a captivating vision …Read More

The European trust crisis and the rise of populism

Yann Algan, Sergei Guriev, Elias Papaioannou, Evgenia Passari, (2017), “The European trust crisis and the rise of populism”,VoxEu, 12 Δεκεμβρίου A wave of populism has been gaining ground in the West since 2012. This column uses regional data for 26 European countries to explore how the impact of the Great Recession on labour markets has affected populist voting, political attitudes, and trust. The results indicate a strong link between unemployment …Read More