Innerarity, D. (2014) “EU democracy should be based on the principle of respecting diverse identities, not uniting through the creation of a European demos“, LSE EUROPP, 09 Ιουλίου. Is the development of a European ‘demos’ necessary for the EU to be democratic? Daniel Innerarity writes that while a shared demos is often put forward as a fundamental aspect of democracy, it also entails certain negative developments, such as a …Read More
Maçães, Β. (2014) “An ever closer union?“, VoxEU Organisation, 09 Ιουλίου. The debate on the future of the European Union is in full swing. In this column, Bruno Macaes – the Portuguese Minister for Europe – stresses the importance of policy coordination in achieving better integration. One way to do so is via a fiscal union, but this creates unity at the expense of diversity. A second way involves …Read More
Claeys, G. (2014) “The (not so) Unconventional Monetary Policy of the European Central Bank since 2008“, Policy Department A for the Monetary Dialogue discussions in the Economic and Monetary Affairs Committee (ECON) of the European Parliament, 09 Ιουλίου. The global financial and economic crisis forced major central banks to act swiftly and to innovate to avoid a free fall of their economies. This paper reviews in depth the measures …Read More
Gennaioli, Ν., Martin, Α. & Rossi, S. (2014) “Banks, Government Bonds, and Default: What do the Data Say?“, IMF Working Paper No. 14/120, 08 Ιουλίου. We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many public bonds (on average 9% of their assets), particularly in less financially-developed countries. During sovereign defaults, …Read More
Aldea. E. (2014) Five minutes with Eva Aldea: “A ‘Fortress Europe’ accessible only to those within would be as much of a failure of the European project as dissolution of the Union”, LSE EUROPP Interview, 07 Ιουλίου. Can philosophy offer practical solutions to some of the key issues faced by the European Union? In an interview with EUROPP’s editor Stuart Brown, Eva Aldea discusses the role of philosophy in …Read More
De Grauwe, P. (2014) “Revisiting the pain in Spain“, VoxEU Organisation, 07 Ιουλίου. There has been a stark contrast between the experiences of Spain and the UK since the Global Crisis. This column argues that although the ECB’s Outright Monetary Transactions policy has been instrumental in reducing Spanish government bond yields, it has not made the Spanish fiscal position sustainable. Although the UK has implemented less austerity than Spain …Read More
European Asylum Support Office (2014) Annual Report: Situation of Asylum in the European Union 2013, Publications Office of the European Union, Ιούλιος. The 2013 Annual Report on the Situation of Asylum in the European Union aims to provide a comprehensive overview of the number and nature of applications for international protection made in the EU28 and how they were processed by the Member States (MS), in order to indicate …Read More
Eurofound (2014) “Industrial relations in central public administration: Recent trends and features – Executive summary“, Publications, European Foundation for the Improvement of Living and Working Conditions, Ιούλιος. This report maps current developments in industrial relations systems in the central public administration sector across Europe, covering all EU Member States except Croatia, which joined the EU in mid-2013. The present study is based on data collected through the network contributing …Read More
Martin, Α. & Venture, J. (2014) “Managing credit bubbles“, VoxEU Organisation, 05 Ιουλίου. There is a widespread view among macroeconomists that fluctuations in collateral are an important driver of credit booms and busts. This column distinguishes between ‘fundamental’ collateral – backed by expectations of future profits – and ‘bubbly’ collateral – backed by expectations of future credit. Markets are generically unable to provide the optimal amount of bubbly collateral, …Read More
Tzogopoulos, G. (2014) “Britain Outside Europe? The Greek View, Athens will only have to lose with Brexit“, IP Journal, German Council on Foreign Relations, 25 Ιουνίου. A country suffering an unprecedented economic, political, and social crisis and struggling to find its way out of the labyrinth this has created naturally seeks to avoid additional trouble at the European level. A potential Brexit might not only put Grexit back on …Read More
