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Europe Is Closely Studying Lessons from Japan – They Fear Euro Zone Is Falling Into Similar Lethargy

Walker, M. (2014) “Europe Is Closely Studying Lessons from Japan – They Fear Euro Zone Is Falling Into Similar Lethargy“, The Wall Street Journal, 29 Ιουνίου.   If Europe is tilting toward becoming the next Japan, does that mean it needs its own version of Abenomics? Japanese Prime Minister Shinzo Abe’s announcement last week of fresh measures to improve sluggish growth coincides with an intensified debate in Europe about whether the …Read More

Relative direct democratic legitimacy

Gros, D. (2014) “Relative direct democratic legitimacy“, Economic Policy, CEPS Commentaries, 26 June.   As the European Council convenes today and tomorrow (June 26-27th) to confirm Jean-Claude Juncker as the candidate for President of the European Commission, CEPS Director Daniel Gros shows in this Commentary that the Council should de facto also be considered more a ‘mini parliament’ than an assembly of states and that the European Parliament cannot claim …Read More

Georgia, Moldova and Ukraine’s signing of EU co-operation agreements marks their transition from ‘post-Soviet’ to ‘European’ states

Knott, E. (2014) “Georgia, Moldova and Ukraine’s signing of EU co-operation agreements marks their transition from ‘post-Soviet’ to ‘European’ states“, LSE EUROPP, 30 June.   On 27 June, Georgia, Moldova and Ukraine signed co-operation agreements with the EU. Ellie Knott assesses what the agreements mean for each state and how they might influence future EU-Russia relations. She writes that while the agreements are largely technical in nature, their real value …Read More

The case against maxing out monetary policy

P.W. (2014) “The case against maxing out monetary policy“, Free Exchange–Economics, The Economist, 29 June.   CENTRAL banks in the developed world continue to keep monetary policy as loose as possible for as long as possible in order to facilitate a stronger recovery from the painfully weak upturn after the financial crisis and the “great recession”. America’s Federal Reserve may be phasing out its programme of asset purchases but it …Read More

Euro crisis turning point: Two years of Banking Union – Europe’s leaders avoided their usual muddling-through complacency to do something radical—and it worked!

Véron, Ν. (2014) “Euro crisis turning point: Two years of Banking Union – Europe’s leaders avoided their usual muddling-through complacency to do something radical—and it worked!“, Bruegel Institute, 30 June.   Europe’s banking union, constituting a supranational pooling of most instruments of banking policy, was established two years ago, in the early hours of June 29, 2012. To a greater extent than was initially realized by most observers, this step …Read More

Fact of the week: Only 8% of banks says they will need to raise capital after AQR – the ECB’s Asset Quality Review in the eyes of bankers

Merler, S. (2014) “Fact of the week: Only 8% of banks says they will need to raise capital after AQR – the ECB’s Asset Quality Review in the eyes of bankers“, Bruegel Institute, 27 Ιουνίου.   In December, we wrote a paper about the ECB’s comprehensive assessment and its aftermath. We identified significant uncertainty about the recapitalisation needs that would be identified by the ECB’s comprehensive assessment. Ernst and Young …Read More

The magnetic pull of Europe’s soft power

Samadashvili, S. (2014) The magnetic pull of Europe’s soft power, EU Observer, Opinion Article, 27 June.   As Georgia, Moldova, and Ukraine finalise association and free trade (DCFTA) agreements with Europe today (27 June), these Eastern Partners, together with the EU, are proving that while geography is destiny, history does not have to be so. The EU’s Eastern Partnership policy is the bridge which connects Europe to countries which were …Read More

How to keep a competitive edge in the talent game: Lessons for the EU from China and the US

Morehouse, C. & Busse, M. (2014) “How to keep a competitive edge in the talent game: Lessons for the EU from China and the US“, Economic Policy, CEPS Task Force Reports, 13 June.   This report is based on discussions within the CEPS Task Force on “The Quantity and Quality of Human Capital in Higher Education: Comparing the EU, the US and China”, chaired by Jan-Eric Sundgren, Senior Adviser to the CEO …Read More

IMF attacks the Stability and Growth Pact

Mitchell, B. (2014) “IMF attacks the Stability and Growth Pact“, Bill Mitchell Blog, 26 June.   The IMF recently called on the euro-zone leaders to In its 2014 Consultation – 2014 Article IV Consultation with the Euro Area Concluding Statement of the IMF Mission – (an annual event the IMF does with each contributing member) the IMF said that the Stability and Growth Pact (SGP) in the euro-zone “has become …Read More

The European Council’s strategic guidelines and immigration: can the EU be bold and innovative?

Pascouau, Y. (2014) “The European Council’s strategic guidelines and immigration: can the EU be bold and innovative?“, European Policy Centre Commentary, 25 June.   The agenda of the June 2014 EU Summit will be particularly heavy. Alongside issues related to the conclusion of the European Semester, the climate and energy framework, possible debates about Ukraine, Iraq and Syria, EU leaders will have to decide on two key dossiers: the nomination …Read More