Argitis, Giorgos, (2012), ‘Greece: Caught Fast in the Troika’s Austerity Trap’ , The Levy Economics Institute of Bard College, Δεκέμβριος. On November 27, 2012, the Eurogroup reached a new “Greek deal” that once more discloses that there is no political will to address Greece’s debt crisis, or the country’s economic and social catastrophe. This fact increasingly makes Greeks think that the sovereign debt crisis incorporates significant geoeconomic and geopolitical interests …Read More
The State of the European Union – The Failure of Austerity
Garrido, D. (ed.) (2012) The State of the European Union – The Failure of Austerity, Fundacion Alternativas & Fiedrich-Ebert-Stiftung. The EU27 economic indicators for the end of 2012 therefore painted a bleak picture: soaring unemployment (10.8 per cent of the active population), a slip back into recession (–0.3 per cent GDP) and a growing public debt ratio (85 per cent). The scenario for the Eurozone was worse and even more …Read More
Quarterly report on the euro area- 04/2012
European Commission, (2012), Quarterly report on the euro area, 04/2012. In view of the central role that overheating housing markets played in previous years in a number of euro area Member States, the latest Quarterly Report on the Euro Area presents an analytical toolkit for assessing housing market imbalances. It is centred around an analysis of cyclical overvaluation of house prices based on a filtering approach. This notably allows unsustainable …Read More
The Upside of the Euro Crisis
Vaisse, Justin, (2012), ‘The Upside of the Euro Crisis’, www.brookings.edu, 28 Νοεμβρίου. Since the beginning of the European debt crisis, most economists have focused on the potential consequences of a breakup of the euro zone. It’s easy to understand why. Although unlikely, a euro-zone breakup would be a potentially cataclysmic event that would leave the world economy in tatters.
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Household Debt in Europe’s Periphery: The dangers of a prolonged recession
Chmelar, Ales, (2012), ‘Household Debt in Europe’s Periphery: The dangers of a prolonged recession’, European Credit Research Institute, Commentary N.12. The second-dip recession in Europe’s periphery has created a poisonous mix, which risks threatening further the financial system and the economy. Against this background, this ECRI Commentary argues that time matters in the household deleveraging cycle and that a swift recovery is one of its most vital parts. The paper …Read More
Reforming the EU budget in times of crisis
Bertoncini, Yves, (2012), ‘Reforming the EU budget in times of crisis’, Notre Europe – Jacques Delors Institute, 15 Νοεμβρίου. This tribune by Yves Bertoncini underlines the main issues at stake in the perspective of the extraordinary European Council which is to take key decisions on the EU budget for the post 2013 period. It is based on three series of remarks: – one on the crisis, which has to be …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Europe Could Still Blow Up, Let’s Not Be Complacent
Elliott, Douglas, (2012), ‘Europe Could Still Blow Up, Let’s Not Be Complacent’, www.brookings.edu, 13 Νοεμβρίου. European leaders, and their suffering peoples, are clearly making real progress in working through the Euro Crisis. However, some observers have lapsed into complacency, assuming that the worst is definitely over. I hope they are right, but there are many ways in which the situation could blow up and become worse than ever. I am willing …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Between Collateral Damage and ‘Iron Law’
Emmanouilidis, Janis, (2012),‘Between Collateral Damage and ‘Iron Law’, Ελληνική Επιθεώρηση Πολιτικής Επιστήμης, Τεύχος 39, Μάιος-Νοέμβριος. The article argues that the euro crisis has put European integration to a major test – more profound and more serious than ever before. Beyond the more immediate financial and economic effects, the crisis has inflicted collateral damage: unintended and unexpected consequences at both the national and European level, which could jeopardise not only the EU’s ability …Read More
Le choc de la nouvelle? Maastricht, dé jà vu and EMU reform
Featherstone, Kevin, (2012), ‘Le choc de la nouvelle? Maastricht, dé jà vu and EMU reform’, Ελληνική Επιθεώρηση Πολιτικής Επιστήμης, Τεύχος 39, Μάιος-Νοέμβριος. The Maastricht legacy casts a long shadow on current reform efforts to stabilize the Eurozone or, worse, avoid its break-up. The initial agreement was vulnerable on two fronts, the absence of economic governance and a lack of cross national-solidarity that would have supported burden-sharing the EMU. The sovereign …Read More
Does an Austere Europe have a future?
O’Sullivan, Michael, (2012), ‘Does an Austere Europe have a future?’, Ελληνική Επιθεώρηση Πολιτικής Επιστήμης, Τεύχος 39, Μάιος-Νοέμβριος. The euro-zone crisis is a profoundly structural one in that it has unmasked the inappropriateness of the monetary union for certain member states and the complacency of its governing class. The aims and raison d’être of the European project must now be rethought in an original way and communicated in a clear way …Read More