Gros, Daniel, (2017), “Mixed Signals from the Eurozone”, Project Syndicate, 16 Μαρτίου What does the eurozone’s future hold? It depends where you look. Some economic indicators suggest that things are looking up for the common currency’s survival; for example, employment has returned to its pre-crisis peak, and per capita GDP growth exceeded that of the United States last year. At the same time, political risks seem to be increasing, despite …Read More
Wolff, Guntram B., (2017), “What future for Europe?”, Bruegel, 16 Μαρτίου The Commission’s White Paper on the future of the EU sets out five scenarios, but misses the fundamental questions facing Europe. How should the EU interact with its neighbourhood? How can we manage the tensions created by multi-speed integration? And above all how can the Euro be made sustainable in the absence of a major step towards fiscal union? …Read More
Batini, Nicoletta, Melina, Giovanni, Moreno Badia, Marialuz, Villa, Stefania, (2017), “The Role of Fiscal Policy When Private Debt is High”, EconoMonitor, 15 Μαρτίου Excessive private debt is a major headwind against the global recovery. Where fiscal space is available, a more active role of fiscal policies can facilitate an orderly private deleveraging while minimizing its output costs. However, fiscal policy cannot do it alone; it has to be supported by complementary …Read More
Eurostat/Annual inflation up to 2.0% in the euro area, 16 Μαρτίου 2017 Euro area annual inflation was 2.0% in February 2017, up from 1.8% in January. In February 2016 the rate was -0.2%. European Union annual inflation was 1.9% in February 2017, up from 1.7% in January. A year earlier the rate was -0.1%. These figures come from Eurostat, the statistical office of the European Union. Σχετικές Αναρτήσεις Eurostat/ “Euro area …Read More
De Santis, Roberto, (2017), “Sovereign spreads in the Eurozone on the rise: Redenomination risk versus political risk”, VoxEu, 16 Μαρτίου French sovereign spreads have risen in recent months, coinciding with debate over the euro ahead of the country’s presidential elections in May. Italian sovereign spreads have been rising since the beginning of 2016. This column argues that investors are not pricing a break-up of France from the Eurozone. Most likely, they …Read More
Eurostat/Employment up by 0.3% in the euro area and by 0.2% in the EU28, 15 Μαρτίου The number of persons employed increased by 0.3% in the euro area (EA19) and by 0.2% in the EU28 in the fourth quarter of 2016 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2016, employment increased by …Read More
Eurostat/Industrial production up by 0.9% in euro area Up by 0.5% in EU28/ 14 Μαρτίου In January 2017 compared with December 2016, seasonally adjusted industrial production rose by 0.9% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2016 industrial production fell by 1.2% in the euro area and by 0.7% in the EU28. …Read More
European Trade Union Institute and European Trade Union Confederation, (2017), “Workers in 7 EU countries worse off today than 8 years ago”, 13 Μαρτίου Workers are still not feeling economic recovery: wages are lower now than they were eight years ago in seven EU member states, according to new research published today by the European Trade Union Institute (ETUI) and European Trade Union Confederation (ETUC). The research also shows that in …Read More
OECD, (2017), “Spain: Maintain reform momentum to enhance economic recovery and boost inclusive growth”, 14 Μαρτίου The Spanish economy is enjoying a robust recovery from a deep recession, with structural reforms contributing to high growth rates and a gradual decline in unemployment. However, further measures to promote innovative business investment and improve skills are needed to both boost productivity and ensure that the benefits of growth reach all Spaniards, according …Read More
Schoenmaker, Dirk, (2017), “What happened to global banking after the crisis?”, Bruegel, 14 Μαρτίου The global financial crisis allegedly led to the end of global banking. However, we find that reports of the demise of global banking are premature. Among the global systemically important banks, we find that there has been a shift of business from the global European banks to the more domestic Asian banks, which are gradually increasing …Read More
