Lannoo, Karel, (2013), “The Europe barometer points to stormy weather”, The Centre for European Policy Studies, 17 Φεβρουαρίου. Against the current background of a sharp decline in public support for the EU and an emerging reinforced centre to manage the euro crisis, this commentary finds that the only way Europe’s leaders can hope to keep the fragile equilibrium afloat is to summon up the courage to go forward with concrete …Read More
Can Europe recover without credit?
Darvas, Zsolt, (2013), ‘Can Europe recover without credit?’, Bruegel Policy Contribution, Issue 2013/13. Data from 135 countries covering five decades suggests that creditless recoveries, in which the stock of real credit does not return to the pre-crisis level for three years after the GDP trough, are not rare and are characterised by remarkable real GDP growth rates: 4.7 percent per year in middle-income countries and 3.2 percent per year in …Read More
Global Risks Report 2013
World Economic Forum, (2013), Global Risks Report 2013, Davos.
Crisis Management in the Euro Area: Why Europe’s Policy is on the Right Track
Becker, Werner, Löchel, Horst, Gregosz, David, (2013) “Crisis Management in the Euro Area: Why Europe’s Policy is on the Right Track”, The Konrad Adenauer Stiftung. The aim of this article is to show that the crisis-driven pragmatism of politics is an appropriate way of resolving the problems in the currency area and placing the European Economic and Monetary Union (EMU) on a new, more stable footing. The paper will show …Read More
From Supervision to Resolution: Next Steps on the Road to European Banking Union
Veron, Nicolas, Wolff, Guntram B., (2013), “From Supervision to Resolution: Next Steps on the Road to European Banking Union”, The Peterson Institute for International Economics. Special resolution regimes for banks and systemically important financial institutions are an attractive alternative to both insolvency and public bailouts and have a compelling track record. The European Council has outlined a policy sequence of three successive steps including the Single Supervisory Mechanism (SSM), the …Read More
Smart choices for growth
Ζachmann, George, (2012), ‘Smart choices for growth’, Bruegel, 28 Νοεμβρίου. Recovery in Greece, Italy, Portugal and Spain is held back in part by structural barriers. Overcoming these requires structural reform and public investment. Given the limited availability of political and financial capital, prioritising reform efforts and spending is important, but difficult. The different success factors for individual sectors are complementary. Using the example of the high-tech industry, we make the case …Read More
European welfare states after the crisis
Diamond, Patrick, Lodge, Guy, (2013), ‘European welfare states after the crisis’ , Policy Network Paper. Governments in the UK and elsewhere in Europe are taking a position on welfare reform which is in line with public opinion, but may be the wrong strategic choice in the long-term – prioritising benefits for older people at the expense of families and children who have been hit hard by the financial crisis. This …Read More
Europe’s Debt Crisis Endgames—Stealth Solutions
Satyajit, Das, (2013), ‘Europe’s Debt Crisis Endgames—Stealth Solutions’, www.economonitor.com, 24 Ιανουαρίου. In his novella Chronicle of a Death Foretold (Crónica de Una Muerte Anunciada in the original Spanish), Gabriel Garcia Marquez commences at the end of the story gradually revealing the events leading up to a murder. The non-linear telling creates an unusual tension. With the conclusion known, only the precise steps leading to the tragedy remain unclear. The probable endgame of Europe’s …Read More
Global Employment Trends 2013: Recovering from a second jobs dip
ILO (2013), Global Employment Trends 2013: Recovering from a second jobs dip, ILO Publications, Geneva.
The Franco-German Alliance: Can it continue to serve as a motor for Europe?
Gros, Daniel, (2013), ‘The Franco-German Alliance: Can it continue to serve as a motor for Europe?’, The Centre for European Policy Studies, 22 Ιανουαρίου. On the occasion of the 50th anniversary of the Elysée Treaty between Germany and France, CEPS Director Daniel Gros acknowledges the fundamental contribution made by the Franco-German motor but also takes the two countries to task for their refusal abandon the pretence that they still perform …Read More