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ECB: An appropriate monetary policy

Levy, M. (2014) “ECB: An appropriate monetary policy“, VoxEU Organisation, 16 Μαΐου.   As banks repay their loans from the Long-Term Refinancing Operation, the ECB’s balance sheet is shrinking. This column argues that, given the slow recovery and sustained low inflation, the ECB should replace its bank lending programme with quantitative easing. Buying short-term government debt would be consistent with the ECB’s inflation target, would keep the ECB’s monetary policy …Read More

The Reconstruction of European Politics

James, H. (2014) “The Reconstruction of European Politics“, Project Syndicate, 15 Μαΐου.   PRINCETON – Many Europeans tremble at the likely outcome of the upcoming European Parliament election: a strong showing for anti-European protest parties, which will almost certainly try to present themselves as the real winners. But hand-wringing will not resolve the European Union’s political crisis. And the crisis runs deep. Nowadays, anti-EU parties – Marine Le Pen’s National …Read More

European Job Mobility Bulletin

European Commission (2014) European Job Mobility Bulletin, Issue No. 12 , 30 Απριλίου.   According to this issue of the European Job Mobility Bulletin, based on the vacancies published on the EURES portal, the top 5 jobs in Europe are: Personal care and related workers, Finance and sales associate professionals, Housekeeping and restaurant services workers, Shop salespersons and demonstrators, and Electrical and electronic equipment mechanics and fitters. This Bulletin is available in …Read More

How the euro changed the pattern of international debt flows

Hale, G. & Obstfeld, M. (2014) “How the euro changed the pattern of international debt flows“, VoxEU Organisation, 15 Μαΐου.   Large flows of bank lending from core countries in the Eurozone to the periphery lead to large financial imbalances. This column explains what motivated such financial flows. With the advent of the Eurozone, banks in core countries gained relative advantage in lending to the periphery, making such lending very …Read More

The Trouble with Europe

Buruma, I. (2014) “The Trouble with Europe“, Project Syndicate, 15 Μαΐου.   NEW YORK – According to the latest opinion polls, the big winners in the European Parliament election later this month will be right-wing populist parties that share a common loathing of the European Union, most notably the National Front in France, the Freedom Party in the Netherlands, and the United Kingdom’s Independence Party. Though the Euroskeptic right may …Read More

Supporting Access to Finance by SMEs: Mapping the initiatives in five EU countries

Infelise, F. (2014) “Supporting Access to Finance by SMEs: Mapping the initiatives in five EU countries“, Financial Markets, ECMI Research Reports, CEPS, 23 Απριλίου.   This paper maps the initiatives to support access to finance for small- and medium-sized enterprises (SMEs) that were available at national level in 2012 in the five biggest European economies (Germany, France, the UK, Italy and Spain). This mapping distinguishes initiatives promoted and financed primarily …Read More

The ‘Personalisation’ of the European Elections: A half-hearted attempt to increase turnout and democratic legitimacy?

Piedrafita, S. & Renman, V. (2014) “The ‘Personalisation’ of the European Elections: A half-hearted attempt to increase turnout and democratic legitimacy?“, Politics and Institutions, EPIN Papers, Centre for European Policy Studies (CEPS), 11 Απριλίου.   On May 22nd to the 25th, elections to the European Parliament are taking place throughout the European Union. Following a recent EP initiative, most of the European political parties have selected top candidates for the position …Read More

Ever closer or ever wider? Public attitudes towards further enlargement and integration in the European Union

Hobolt, S. B. (2014) “Ever closer or ever wider? Public attitudes towards further enlargement and integration in the European Union“, Routledge Publications, Journal of European Public Policy, Vol. 21, No. 5, pp. 664-680, 28 Απριλίου.   Proponents of the European project often portray further enlargement of the European Union as a complement to the process of building an ever closer union. The eurozone crisis, however, has highlighted the risks associated …Read More

Europe’s Crisis Treadmill

Eichengreen, B. (2014) “Europe’s Crisis Treadmill“, Project Syndicate, 12 Μαΐου.   BERKELEY – This month marks the fourth anniversary of the May 2010 financial rescue of Greece. Previously, the idea that a eurozone member would seek emergency assistance from the International Monetary Fund, along with the European Commission and the European Central Bank, was unthinkable. The rescue thus marked Europe’s descent into full-blown crisis. Four years later, European officials are …Read More

Social Europe – In Europe Or In The Member States?

Kowalsky, W. (2014) “Social Europe – In Europe Or In The Member States?”, Social Europe Journal, 12 Μαΐου.   A solution to save Social Europe by going back to the Member States is the key message of a recent contribution by Paul de Beer. Reading the “Roadmap to a Social Europe”, which shows a maze on its cover, he gets the impression that not so much is clear in the …Read More