Eurostat/4% of EU citizens of working age live in another/EU Member State 3.8% of European Union (EU) citizens of working age (20-64) were residing in another Member State than that of their citizenship in 2017. This share has increased from 2.5% ten years ago. The situation varies among Member States, ranging from 1.0% for working age citizens of Germany to 19.7% for citizens of Romania. Tertiary graduates are generally more …Read More
Florian Hense, (2018), “Προβλέψεις, υψηλοί κίνδυνοι και στόχοι”, Η Καθημερινή, 25 Μαΐου Από τη συνεδρίαση που πραγματοποιήθηκε τον Μάιο, προκύπτει πως η Ευρωπαϊκή Κεντρική Τράπεζα (ΕΚΤ) εκτιμά ότι θα είναι θετική η πορεία των οικονομιών της Ευρωζώνης και θεωρεί πως θα επιτευχθεί ο στόχος για την ενίσχυση του πληθωρισμού στο 2%. Τα μέλη του διοικητικού συμβουλίου της ΕΚΤ επισήμαναν, επίσης, τους κινδύνους του προστατευτισμού στο παγκόσμιο εμπόριο, ενώ συνέστησαν «υπομονή, επιμονή …Read More
capital.gr (2018), “Έχει η ΕΚΤ τη βούληση και τα μέσα για να σώσει το ευρώ από την ιταλική κρίση;”, 30 Μαΐου Σε νέα σπέκουλα επιδίδονται οι επενδυτές, για το τι θα μπορούσε να κάνει η Ευρωπαϊκή Κεντρική Τράπεζα προκειμένου να επιλύσει το πρόβλημα της ανόδου των αποδόσεων ομολόγων της Ιταλίας που προκαλούν πιέσεις στις ιταλικές τράπεζες και αναζωπυρώνουν τους φόβους για διάσπαση του ευρώ. Το διακύβευμα θα είναι τεράστιο εάν …Read More
Silvia Merler, Oliver Blanchard & Jeromin Zettelmeyer, (2018), “How worried should we be about an Italian debt crisis?”, Bruegel, 28 Μαΐου Earlier PIIE research examined whether rising interest rates might unleash a debt crisis in Italy. The answer was “no,” under two conditions: First, that rising interest rates reflected economic recovery; and second, that the Italian government would be prepared to cooperate with European authorities—the European Union, the European Stability …Read More
ECB/Euro money market statistics: second maintenance period 2018/23 Μαΐου Daily average borrowing turnover in the unsecured segment increased from €112 billion in the first maintenance period to €114 billion in the second maintenance period of 2018. Weighted average overnight rate on borrowing transactions decreased from -0.41% to -0.42% for the wholesale sector and remained unchanged at -0.44% for the interbank sector. Σχετικές Αναφορές ECB/Euro area bank interest rate statistics: Μάρτιος …Read More
Jeffry Frieden, (2018), “A plan to save the euro”, VoxEU, 23 Μαΐου Even in the most heavily affected debtor nations, support for monetary union never fell below 50% of the population, and was typically closer to 70%. However, Europeans have little faith in the willingness or ability of existing political leaders to manage it fairly and efficiently: debtor-country citizens’ confidence in the institutions of the EU dropped from over 70% …Read More
Luigi Guiso, Helios Herrera, Massimo Morelli, Tommaso Sonno, (2018), “Global Crises and Populism: the Role of Eurozone Institutions”, working paper, CEPR, Μάιος Populist parties are likely to gain consensus when mainstream parties and status quo institutions fail to manage the shocks faced by their economies. Institutional constraints, which limit the possible actions in the face of shocks, result in poorer performance and frustration among voters who turn to populist movements. …Read More
Xavier Debrun, Luc Eyraud, Andrew Hodge, Victor Lledo, Catherine Pattillo, (2018), “‘Second-generation’ fiscal rules: From stupid to too smart”, VoxEU, 22 Μαΐου The ongoing debate on fiscal governance in the euro area – and by implication on the implied degree of fiscal discipline – reminds us that four decades after Kydland and Prescott (1977), the debate on ‘rules versus discretion’ still rages on. The basic problem is that policymakers’ ability …Read More
Eurostat/Euro area international trade in goods surplus €26.9 bn/ Μάιος 2018 Euro area The first estimate for euro area (EA19) exports of goods to the rest of the world in March 2018 was €199.9 billion, a decrease of 2.9% compared with March 2017 where they peaked at €205.9 bn. Imports from the rest of the world stood at €173.0 bn, a fall of 2.5% compared with March 2017 (€177.4 bn). …Read More
Luigi Guiso, Helios Herrera, Massimo Morelli, Tommaso Sonno, (2018), “The populism backlash: An economically driven backlash”, VoxEU, 18 Μαΐου The surge of populism in Europe and the US has often put at the centre stage three ideological actors of society: the people, the elite, and the ‘other’ (foreigners, immigrants) to whom, in the populist narrative, the elite has sold the people out. Populist policies have often picked convenient scapegoats for …Read More
