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Europe has lost its citizens

Torreblanca, Jose Ignacio, (2013), «Europe has lost its citizens», European Council on Foreign Relations, 13 Μαρτίου. The latest Eurobarometer figures are showing clearly what the election results have been hinting at one by one: hit by the crisis, Europeans have lost their confidence in the EU. After having saved the euro, we must rescue the legitimacy of the EU – and before the 2014 elections.

Should non-euro area countries join the single supervisory mechanism?

Darvas, Zsolt, Guntram, Wolff, “Should non-euro area countries join the single supervisory mechanism?», Bruegel Policy Contribution, Issue 2013/06. Irrespective of the euro crisis, a European banking union makes sense, including for non-euro area countries, because of the extent of European Union financial integration. The Single Supervisory Mechanism (SSM) is the first element of the banking union. From the point of view of non-euro countries, the draft SSM regulation as amended …Read More

Italy’s Perfect Storm

Ungaro, Carlo, (2013), «Italy’s Perfect Storm», Open Democracy – Free Thinking for the World, 7 Μαρτίου. Some foreign publications, in commenting on the situation in Italy after the recent electoral results, have reverted to the offensively superficial and trite image of “bring on the clowns”. The term could be used both in a derogatory and a purely descriptive sense, as the only real winner of the election, Mr. Beppe Grillo, …Read More

Why Europe Should Not Worry About Italy

Santini, Ruth H., Giumelli, Francesco, (2013), «Why Europe Should Not Worry About Italy», Brookings Institute, 4 Μαρτίου. While seemingly a threat to EU stability and at the heart of possible contagion, Italy is historically used to navigating through uncertainty, short-lived governments and catastrophic economic forecasts. Yet, the world continues to wonder where the Belpaese is heading to with a divided center-left, a never ending dawn of Berlusconi’s political influence, and …Read More

Γιώργος Παγουλάτος: Με το μάτι στη μεγάλη εικόνα

Παγουλάτος, Γιώργος, (2013), «Με το μάτι στη μεγάλη εικόνα», Η Καθημερινή, 3 Μαρτίου. Μετά την απόφαση του 55% των Ιταλών να πηδήξουν στο κενό ψηφίζοντας έναν επαγγελματία γελωτοποιό κι έναν «κλόουν» πολιτικό, το μήνυμα φαίνεται σαφές: η αντιμετώπιση της κρίσης του Νότου μονομερώς με εξουθενωτική λιτότητα οδηγεί την Ευρωζώνη στα ακραία όρια συνοχής και αντοχής της.

Two cheers for Beppe Grillo

Grant, Charles, Tilford, Simon, (2013), «Two cheers for Beppe Grillo», The Centre for European Reform, 1 Μαρτίου. The Achilles heel of the euro has always been democracy. Although the euro is unlikely to break up, that risk cannot be entirely excluded: one day, voters may choose a government committed to policies that are incompatible with the conditions set by Europe’s leaders for membership of the single currency.”

Macroeconomics and Politics in the Accumulation of Greece’s Debt: An econometric investigation, 1975-2009

Alogoskoufis, George, (2013), «Macroeconomics and Politics in the Accumulation of Greece’s Debt: An econometric investigation, 1975-2009«, The Hellenic Observatory European Institute London School of Economics & Political Science. This paper focuses on an econometric investigation of the macroeconomic and political factors that contributed to Greece’s excessive debt accumulation and its failure to adequately address its fiscal imbalances, from the restoration of democracy in 1974 till the crisis of 2009. The …Read More

Quarterly report on the euro area-1/2013

European Commission, (2013), Quarterly report on the euro area, 1/2013. The focus section of this edition takes a look at the growth convergence experiences of euro area Member States following the introduction of the euro. Generally speaking, faster growth in relatively poorer countries has helped to narrow income gaps between EU Member States, but this convergence process is weaker for euro area members and appears to have stalled a few …Read More