Derviş, Κ. & Saraceno, F. (2014) “An Investment New Deal for Europe“, Brookings Blog, 03 Σεπτεμβρίου.   Six years into the crisis, the eurozone remains the sick man of the world economy. Its GDP today is barely at the pre-crisis level, deflation looms and the difference between the healthier core and a struggling periphery is not resolved. Moreover, even Germany may be slowing down, and Finland is in persistent recession. …Read More

Szczurek, M. (2014) “Investing for Europe’s Future“, VoxEU Organisation, 05 Σεπτεμβρίου.   The ‘lost decade’ is not a scenario for the EU, it’s the baseline forecast. In this column, Polish Finance Minister Mateusz Szczurek calls for an EU-wide public investment programme of 5.5% of GDP to overcome the constraints behind Europe’s ‘secular stagnation’. He calculates that €700 billion of capital expenditures could close the output gap in the short term …Read More

Tierney, S. (2014) “Europe is entering the ‘age of the referendum’, but there is nothing to fear for European democracy if referendums are properly regulated“, LSE EUROPP, 02 Σεπτεμβρίου.   Referendums have become increasingly common occurrences in European states in recent decades. Stephen Tierneywrites on some of the potential benefits and dangers of using referendums to solve key constitutional questions. He writes that while referendums can undermine democracy if used …Read More

De Grauwe, P. (2014) “The wrong medicine, The Eurozone’s remedies against sluggish growth rates aren’t working. The problem: a misdiagnosis of the illness“, The European Magazine, 26 Αυγούστου.   At the start of 2014 there was some hope that the economic recovery in the Eurozone would gather momentum. This hope has dissipated as the year has progressed. The slow growth in the Eurozone has become endemic since the start of …Read More