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Precarious and less well-paid? Wage differences between permanent and fixed-term contracts across the EU countries

Dias da Silva . Α. & Turrini, Α. (2015) “Precarious and less well-paid? Wage differences between permanent and fixed-term contracts across the EU countries“, European Commission: European Economy – Economic Papers, No. 544, Βρυξέλλες: Φεβρουάριος.   This paper analyses the main features of the wage differences between permanent and fixed-term workers and what sources are driving these differences, including the role of labour market institutions. We analyse wage differences between …Read More

Think differently about the Right and the Left

Jacques Attal (2015) “Think differently about the Right and the Left, L’ Express Blog, 09 Μαρτίου.   While political parties, doctrines and party platforms might not want to admit it, there is a certain, albeit slow, shift in the traditional Left-Right cleavage in the practice of governments all over the world: As so often happens, practice precedes doctrine and creates it. Clearly there is still on the one hand the …Read More

The ‘Juncker plan’ does not offer a genuine route to boosting the Eurozone’s recovery

Sander, H. (2015) “The ‘Juncker plan’ does not offer a genuine route to boosting the Eurozone’s recovery“, LSE EUROPP, 19 Μαρτίου.   On 10 March, EU finance ministers agreed to roll out Jean-Claude Juncker’s flagship investment programme, commonly termed the ‘Juncker plan’. Harald Sander writes on the economic impact the plan could have in the Eurozone. He argues that while it has been portrayed by some observers as a route …Read More

Where Now For The Europe 2020 Strategy?”

Kowalsky, W. (2015) “Where Now For The Europe 2020 Strategy?”, Social Europe Journal, 18 Μαρτίου.   Does the Commission take unemployment as a serious challenge? What future for the Europe 2020 strategy? A few comments on European Commission: “Results of the public consultation on the Europe 2020 strategy for smart, sustainable and inclusive growth” This new note from the European Commission is clearly a step further down the road towards …Read More

With or without them–The UK is not an obstacle to harmony and stability. It is the EU integrationists who generate economic and democratic instability.

Cash, B. (2015) “With or without them“, The European Magazine, 18 Μαρτίου. The UK is not an obstacle to harmony and stability. It is the EU integrationists who generate economic and democratic instability. Times change. I supported our continuing British membership in the Referendum of 1975, and I voted for the Single European Act in 1986. When we joined what would become the EU, we were led to believe it …Read More

Estimating the impact of robots on productivity and employment

Michaels, G. & Graetz, G. (2015) “Estimating the impact of robots on productivity and employment“, VoxEU Organisation, 18 Μαρτίου.   Robots may be dangerous not only to the action heroes of cinema, but also to the average manufacturing worker. This column analyses the effect robots have had in 14 industries across 17 developed countries from 1993 to 2007. Industrial robots increase labour productivity, total factor productivity, and wages. While they …Read More

How The Troika Breaches EU Law

Oberndorfer, L. (2015) “How The Troika Breaches EU Law“, Social Europe Journal, 18 Μαρτίου.   How did the troika come about formally? In 2010 it became apparent that the European constitution offers no clues as to how one should handle financial crises on this scale. So, instead of setting in train the democratic procedures designed to do this, EU law swiftly went out of the window and one seized on …Read More

As Cyprus Recovers From Banking Crisis, Deep Scars Remain

Ewing, J. (2015) “As Cyprus Recovers From Banking Crisis, Deep Scars Remain“, The New York Times: International Business, 16 Μαρτίου.   The financial world has pretty much moved on since Cyprus was briefly the epicenter of market anxiety. Two years ago this month, the country’s banks failed en masse, A.T.M.s were rationing cash, and the integrity of the eurozone hung in the balance. But after a contentious, internationally brokered “bail-in,’’ …Read More

Liberal-democratic parties face unprecedented challenges, but remain a viable part of European party systems

Marino, B. (2015) “Liberal-democratic parties face unprecedented challenges, but remain a viable part of European party systems“, LSE EUROPP, 18 Μαρτίου.   Liberal-democratic parties have been a stable feature of several party systems in Europe, but in recent years parties such as the Liberal Democrats in the UK and the FDP in Germany have experienced significant downturns in support. Bruno Marino assesses the challenges that such parties now face in …Read More

A framework for banking structural reform

Vives, X. (2015) “A framework for banking structural reform, VoxEU Organisation, 17 Μαρτίου.   The 2007–08 crisis revealed regulatory failures that had allowed the shadow banking system and systemic risk to grow unchecked. This column evaluates recent proposals to reform the banking industry. Although appropriate pricing of risk should make activity restrictions redundant, there may nevertheless be complementarities between these two approaches. Ring-fencing may make banking groups more easily resolvable …Read More