Bershidsky, Leonid, (2017), “A Multispeed Europe Will Be Hard to Pull Off”, BloombergView, 10 Μαρτίου The European Council, which includes leaders of EU member states, normally issues a consensus document at the end of each meeting. On Thursday, it failed to do so because one member — Polish Prime Minister Beata Szydlo — refused to approve it. The spat tells us something about the rocky future of a multispeed Europe. Σχετικές …Read More
Υπέρμαχος της χαλαρής νομισματικής πολιτικής της ΕΚΤ ο Μάριο Ντράγκι
Καρκαγιάννης, Κώστας, (2017), “Υπέρμαχος της χαλαρής νομισματικής πολιτικής της ΕΚΤ ο Μάριο Ντράγκι“, Η Καθημερινή, 12 Μαρτίου Ανυποχώρητη στάση τήρησε την Πέμπτη η Ευρωπαϊκή Κεντρική Τράπεζα απέναντι στους επικριτές της χαλαρής νομισματικής πολιτικής της, διατηρώντας τη δέσμευση να συνεχίσει τις αγορές ομολόγων τουλάχιστον έως τα τέλη του 2017 και να διατηρήσει τα επιτόκια δανεισμού σε πολύ χαμηλά επίπεδα για ακόμη μεγαλύτερο χρονικό διάστημα. Η μοναδική παραχώρηση της Φρανκφούρτης απέναντι στους …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
ECB staff macroeconomic projections for the euro area
European Central Bank/ECB staff macroeconomic projections for the euro area, Μάρτιος 2017 The economic recovery in the euro area is projected to firm further, at a pace slightly above previous expectations. The expected global recovery and resilient domestic demand, supported by the very accommodative monetary policy stance, past progress made in deleveraging across sectors and a continued improvement in the labour market are projected to sustain the recovery over the projection horizon. The recent oil …Read More
Beyond Crisis: Constitutional Change in Greece after the Memoranda
Tsiftsoglou, Anna, (2017), “Beyond Crisis: Constitutional Change in Greece after the Memoranda”, LSE Hellenic Observatory, 9 Μαρτίου Can financial crises bring constitutional change? Has Greece become a prominent such example? Already 7 years into recession, crisis-hit Greece is experiencing a tremendous institutional change. This change, which takes place informally rather than formally, is affecting state institutions- primarily its parliament, the executive and courts. Everyday practice, political or otherwise, changes the …Read More
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An update: Sovereign bond holdings in the euro area – the impact of QE
Huttl, Pia, Goncalves Raposo, Ines, (2017), “An update: Sovereign bond holdings in the euro area – the impact of QE”, Bruegel, 9 Μαρτίου Since the ECB’s announcement of its QE programme in January 2015, national central banks have been buying government and national agency bonds. In this post we look at the effect of QE on sectoral holdings of government bonds, updating our calculations published in May and November 2016. …Read More
The ECB Faces a Balance Sheet Dilemma
DiMartino Booth, Danielle, (2017), “The ECB Faces a Balance Sheet Dilemma”, BloombergView, 9 Μαρτίου Nature versus nurture. That philosophical debate is more pertinent than ever when it comes to the interventionist efforts of central banks that seek to will their economies back onto a sustainable growth path. But even the noblest of intentions can bump up against limitations when nature, in this case the free functioning of financial markets, is …Read More
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Populism Versus Prosperity
Emmott, Bill, (2017), “Populism Versus Prosperity”, Project Syndicate, 9 Μαρτίου Marine Le Pen, the leader of France’s far-right National Front, claims that the twenty-first century’s defining battle will be between patriotism and globalism. US President Donald Trump appears to believe that it will be between “the very fake news media” and himself, backed by “the people” he claims to represent. They are both wrong. The battle that will actually define …Read More
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The EU’s new white paper underlines why Europe needs to be more open to its citizens
Schmidt, Vivien, Wood, Matt, (2017), “The EU’s new white paper underlines why Europe needs to be more open to its citizens”, LSE EUROPP, 10 Μαρτίου At the start of March, the European Commission published a white paper ‘On the Future of Europe’. Vivien Schmidt and Matt Wood assess the Commission’s proposals, arguing that while the paper’s focus on differentiated integration is pragmatically useful under the current circumstances, this strategy could …Read More
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The Commission’s White Paper on the Future of Europe – a case of what might have been
Begg, Iain , (2017), “The Commission’s White Paper on the Future of Europe – a case of what might have been…”, EUROPP, 9 Μαρτίου Last week, the European Commission published its White Paper on the Future of Europe (WP), its attempt to set out the options for the development of the European Union. It explicitly rejects the narrow choice between more or less, offering instead a range of scenarios described as ‘neither mutually …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
How to re-employ the Spanish long-term unemployed
Bentolila, Samuel, Pérez, Jose Ignacio García , Jansen, Marcel , (2017), “How to re-employ the Spanish long-term unemployed”, Vox Eu, 9 Μαρτίου One of the most tangible legacies of the Great Recession is a surge in the incidence of long-term unemployment, especially in Spain. This is not a new problem – as the title of the 1995 CEPR report, Spanish Unemployment: Is There a Solution?, attests (Andres et al. 1995) – …Read More
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