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Breakup Is Not A Solution to the Eurozone Crisis

Hacker, B., (2013), “Breakup Is Not A Solution to the Eurozone Crisis”, Social Europe Journal, 25 Οκτωβρίου. The unexpectedly high level of support for the new party “Alternative für Deutschland” (AFD) in the general elections in Germany puts their central program point back on the agenda of the political debate. Parties proposing a dissolving of the common currency might gain ground prior to the European Elections in 2014. But the …Read More

Why are Neo-liberal ideas so resilient?

Schmidt, V. and Thatcher, M., (2003), “Why are Neo-liberal ideas so resilient?”, Policy Network , 24 Οκτωβρίου. Given the abject failure of the Neo-liberal policy offer, why has it persisted as the dominant approach to European policymaking and is there any way out? Despite the economic crisis that hit the US and Europe full force in 2008, political leaders have made little attempt to rethink the neo-liberal ideas that are …Read More

Austerity and Growth: Dispelling Confusion with Some Facts

Tamborini, R., (2013), “Austerity and Growth: Dispelling Confusion with Some Facts”, EconoMonitor, 24 Οκτωβρίου. A lot of confusion surrounds the quarrel about austerity and growth in and among the Euro-countries. Confusion helps neither the assessment of the current policies nor the choice of the correct ones. Critics of austerity argue that it is mainly responsible for the extent and persistence of low or negative growth rates after the Great Recession …Read More

Massacre memories: German car sales and the EZ Crisis in Greece

Fouka, V. and Voth, H.J., (2013), “Massacre memories: German car sales and the EZ Crisis in Greece”, VoxEU, 23 Οκτωβρίου. The EZ crisis increased north-south conflicts between bailout providers and recipients – especially between Germany and Greece. This column shows evidence that political conflict directly translated into losses of market share for German car producers in Greece – especially in areas where German armed forces committed massacres during World War …Read More

A Strategy for Southern Europe

LSE, (2013), A Strategy for Southern Europe, London: LSE !deas. Over the last five years Southern Europe has experienced widespread economic, political and social upheaval of almost existential proportion. Greece, Italy, Spain and Portugal, stricken by the Eurozone crisis and the aftershocks of the Arab Spring, face uncertain futures. This report examines the challenges confronting Southern Europe and seeks to explore the potential benefits the countries of the region could …Read More

Fiscal consolidations and spillovers in the Euro are periphery and core

In’t Veld, Y., (2013), “Fiscal consolidations and spillovers in the Euro are periphery and core”, European Commission, Directorate-General for Economic and Financial Affairs, Economic Papers 506, Οκτώβριος. This paper uses a structural multi-country model to assess the impact of fiscal consolidation measures undertaken in 2011-13 in the EA periphery and core. The simulations assume ‘crisis’ conditions prevailing (high share of constrained households, ZLB). The GDP effects depend crucially on the …Read More

Europe’s Flight from Futility

Vedrine, H., (2013), “Europe’s Flight from Futility”, Project Syndicate, 22 Οκτωβρίου. In the next 25 years, Europe’s share of the world population and global GDP is expected to fall considerably. Does that mean that a weakened Europe will fall prey to the rising powers of 2040? Given that Europe’s prospects are highly dependent on external factors, any speculation about its future must account for global conditions. One thing seems certain: …Read More

Unemployment in the Eurozone: Alternatives for α Regional Support Program

Weeks, J., (2013), “Unemployment in the Eurozone: Alternatives for α Regional Support Program”, Social Europe Journal, 21 Οκτωβρίου. A few days ago, the Bertelsmann Stiftung hosted a conference in Brussels on “Automatic Stabilizers for the Eurozone” (October 11), with the focus on an EU-wide system of supplemental unemployment benefits. On superficial inspection the conference agenda appeared to involve a technical assessment of policy alternatives, a conference for “policy wonks” to …Read More

Investing in Europe’s physical and knowledge infrastructure

Coulter, S., (2013), “Investing in Europe’s physical and knowledge infrastructure”, Policy Network, 21 Οκτωβρίου. Europe would benefit from extra investment in both its physical and knowledge infrastructure – the two are necessities, not alternatives.  But what are the political choices and impediments to an EU investment and growth agenda? With Europe’s debt crisis receding for the moment and the economic numbers slowly ticking up, heads are beginning to lift up …Read More

The European crisis in the context of historical trilemmas

Bordo, M. and James, H., (2013), “The European crisis in the context of historical trilemmas”, VoxEU, 19 Οκτωβρίου. The Eurozone’s tangle of conflicting goals – a series of ‘trilemmas’ – is not without precedent. This column argues that it is reminiscent of the interwar situation. The interwar slump was so intractable not just due to financial issues, but also a crisis of democracy, of social stability, and of the international …Read More