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Will Europe’s Fiscal Compact Work?

Frankel, Jeffrey, (2013), ‘Will Europe’s Fiscal Compact Work?’, www.project-syndicate.org, 18 Ιανουαρίου. At the start of 2013, the eurozone’s “fiscal compact” entered into force, owing to its ratification on December 21 by a 12th country, Finland, a year after German Chancellor Angela Merkel prodded eurozone leaders into agreement.

Eurozone Crisis: It Ain’t Over Yet

Manasse, Paolo, (2013), ‘Eurozone Crisis: It Ain’t Over Yet’, www.economonitor.com, 17 Ιανουαρίου. All G7 economies are struggling in the post-crisis climate, but US GDP has recovered to pre-crisis levels, while the Eurozone simply hasn’t. This column portrays the global crisis as a transitory shock for the US, but as a quasi-permanent shock for Europe.

The Year Ahead in the Eurozone: Lower Risks, Same Problems

Roubini, Ariel, (2013), ‘The Year Ahead in the Eurozone: Lower Risks, Same Problems’, www.economonitor.com, 14 Ιανουαρίου. Financial conditions in the eurozone have significantly improved since the summer, when eurozone risks peaked because of German policymakers’ open consideration of a Greek exit, and the sovereign spreads of Italy and Spain reached new heights.

The Impact of the Crisis on Civil Society Organisations in the EU – Risks and Opportunities

Shahin, Jamal, Woodward, Alison, Terzis, Georgios, (2013), “The Impact of the Crisis on Civil Society Organisations in the EU – Risks and Opportunities”, European Economic and Social Committee. This study addresses questions concerning the state of the Civil Society and how Civil Society Organisations (CSOs) have been affected by the crisis. Through analysis of data gathered from various reports and other documentation, in-depth interviews with a number of individual representatives …Read More

Why Austerity Works and Stimulus Doesn’t

Aslund, Anders, (2013), ‘Why Austerity Works and Stimulus Doesn’t’, The Peterson Institute for International Economics, 7 Ιανουαρίου. After five years of financial crisis, the European record is in: Northern Europe is sound, thanks to austerity, while Southern Europe is hurting because of half-hearted austerity or, worse, fiscal stimulus. The predominant Keynesian thinking has been tested, and it has failed spectacularly.”  

The new political geography of Europe

Walton, Nicholas, Zielonka, Jan, (2013), ‘The new political geography of Europe’ , The European Council on Foreign Relations. The euro crisis has revolutionised politics across Europe, obscured by a focus on whatʼs happening in Berlin and Brussels. Established political parties are fighting for their lives, and countries have been cast out from the European core to the periphery. A  new  collection  of  essays,  edited  by  Nicholas  Walton  and  Jan Zielonka, …Read More

The European Crisis and Migration to Germany: Expectations and the Diversion of Migration Flows

Bertoli, Simone, Brücker, Herbert,  Fernández-Huertas Moraga, Jesús, (2013), ‘The European Crisis and Migration to Germany: Expectations and the Diversion of Migration Flows’, IZA Discussion Papers, N.7170. The analysis of how the economic crisis in Europe has reshaped migration flows faces two challenges: ( i ) the confounding influence of correlated changes in the attractiveness of alternative destinations, and ( ii ) the role of rapidly changing expectations about the evolution of …Read More

Unemployment and Subsequent Employment Stability: Does Labour Market Policy Matter?

Wulfgramm, Melike,  Fervers, (2013), ‘Unemployment and Subsequent Employment Stability: Does Labour Market Policy Matter?’, IZA Discussion Paper, N. 7193. This paper analyses the effect of unemployment insurance generosity and active labour market policy on reemployment stability in Europe. Using EU‐SILC and OECD data, we conduct discrete time survival analyses with shared frailty specification to identify policy effects at the micro and macro level. Empirical evidence suggests that unemployment benefit receipt is …Read More