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Preferences, Power and Institutions in 21st‐century Europe*

Andrew Moravcsik, (2018), «Preferences, Power and Institutions in 21st‐century Europe», Journal of Common Market Studies, Volume 56, Issue 7, Σεπτέμβριος 2018 After twenty‐five years, few scholars still dispute the leading role of Liberal Intergovernmentalism (LI) in theorizing EU history. Yet some question whether it can explain Europe’s recent evolution. This article argues that LI retains its place as a ‘baseline’ integration theory. It is uniquely able to provide credible micro‐foundations …Read More

Europe’s Coming Year of Reckoning

Joschka Fischer, (2018), «Europe’s Coming Year of Reckoning», Project Syndicate, 30 Οκτωβρίου It is no exaggeration to say that 2019 will be the year that makes or breaks the European Union. As if Brexit and a mounting Italian debt crisis were not enough, European voters will also go to the polls to decide whether to hand over the reins of the EU to nationalists who would destroy it from within. …Read More

The European Commission should accept democratic change in Italy

Paul De Grauwe, (2018), «The European Commission should accept democratic change in Italy», VoxEU, 30 Οκτωβρίου 2018 Since the euro area’s debt crisis in 2010, the European Commission has seen a dramatic increase in its power to supervise and control national budgets. This development was motivated by the will of the creditor countries to impose budgetary discipline on the debtor countries, such as Greece, Ireland, Spain and Portugal. As a …Read More

Brexit: The next big 5 things to watch

Tim Haughton and Anand Menon, (2018), «Brexit: The next big 5 things to watch», Washington Post, 29 Οκτωβρίου However, the actual prospect of Brexit may start to sharpen minds. A punitive Brexit could have long-term political and economic consequences not just for relations between the E.U. and Britain but also the wider geopolitical and security landscape in Europe. If the British people felt they were being punished by the E.U., …Read More

EKT: Oι μεγαλύτεροι κίνδυνοι για τις τράπεζες της Ευρωζώνης το 2019

Καθημερινή, (2018), «EKT: Oι μεγαλύτεροι κίνδυνοι για τις τράπεζες της Ευρωζώνης το 2019», 30 Οκτωβρίου Τα μη εξυπηρετούμενα δάνεια (ΜΕΔ), το κυβερνοέγκλημα και οι γεωπολιτικές αβεβαιότητες , όπως το Brexit, αποτελούν τους μεγαλύτερους κινδύνους που θα αντιμετωπίσουν οι τράπεζες της Ευρωζώνης το 2019, αναφέρει η Ευρωπαϊκή Κεντρική Τράπεζα (ΕΚΤ) σε ανακοίνωσή της, θέτοντας τις εποπτικές προτεραιότητες για το επόμενο έτος. Η ανάπτυξη της οικονομίας της Ευρωζώνης μείωσε τη συνολική οικονομική …Read More

Italy’s Budget Isn’t as Crazy as It Seems

Ashoka Mody, (2018), «Italy’s Budget Isn’t as Crazy as It Seems», Bloomberg Economics, 26 Οκτωβρίου Europe’s leaders have come down hard on Italy for its plans to increase spending with the aim of boosting growth and helping the poor. What they fail to recognize is that a little stimulus might be just what the Italian economy needs. The outlook for the global economy is deteriorating more rapidly than forecasters realize. …Read More

Reforming the EU fiscal framework: A proposal by the European Fiscal Board

Beetsma R., Thygesen N., Cugnasca A., Orseau E. , Eliofotou P., Santacroce S., (2018), «Reforming the EU fiscal framework: A proposal by the European Fiscal Board», VoxEU.org, 25 Οκτωβρίου While today the need for fiscal rules is higher than ever, it is increasingly recognised that the Stability and Growth Pact (SGP) is not up to its task and requires a deep overhaul. In 2016, the Dutch presidency of the Council …Read More

The Italian Budget: A Case of Contractionary Fiscal Expansion?

Blanchard O., Zettelmeyer J, (2018), «The Italian Budget: A Case of Contractionary Fiscal Expansion?», Peterson Institute for International Economics, 25 Οκτωβρίου Ιtaly’s government is in a standoff with the European Commission over its first budget proposal. Rather than reducing the public deficit, as the previous government had promised, the new government plans to increase it significantly. Because Italy’s debt is very high—over 130 percent of GDP—the proposed budget violates EU …Read More

Spain’s Socialists Show Italy How to Do It

Ferdinando Giugliano, (2018), «Spain’s Socialists Show Italy How to Do It», Bloomberg, 23 Οκτωβρίου The Spanish prime minister is running a minority government, with his Socialist Party holding less than one-quarter of the seats in parliament. Undaunted, he’s trying to cobble together a budget that would raise the deficit targets set by his center-right predecessor Mariano Rajoy. The measures, which include an increase in social spending and higher taxes on …Read More

European fiscal rules require a major overhaul

Darvas Z., Martin P., Ragot X., (2018), «European fiscal rules require a major overhaul», Bruegel, 24 Οκτωβρίου The reconsideration of the complex set of European fiscal rules should be a priority in terms of euro-area reform. The rules contributed to excessive fiscal austerity during the crisis, thus helping to aggravate and prolong its economic, social and political consequences. Moreover, either because countries did not abide by the rules or because …Read More