Isabel Schnabel, Nicolas Véron, (2018), “Completing Europe’s Banking Union means breaking the bank-sovereign vicious circle”, VoxEU, 16 Μαΐου Several euro area leaders, including the German chancellor, her finance minister, and the French president, have recently referred to the need to “complete the Banking Union”. These public calls echo those made in more formal settings, in intergovernmental meetings (European Council 2014) and in European Commission communications (European Commission 2015) over the …Read More

ΤτΕ/Παροχή έκτακτης ενίσχυσης σε ρευστότητα προς τις ελληνικές τράπεζες (ELA)/17 Μαΐου 2018 Μειωμένο κατά η 2,5 δισ. ευρώ ήταν το ανώτατο όριο παροχής έκτακτης ενίσχυσης σε ρευστότητα (ELA) προς τις ελληνικές τράπεζες και διαμορφώθηκε στα 12,2 δισ. ευρώ. Στις 16 Μαΐου 2018 το Διοικητικό Συμβούλιο της ΕΚΤ δεν διατύπωσε αντίρρηση στον καθορισμό του ανώτατου ορίου παροχής έκτακτης ενίσχυσης σε ρευστότητα (ELA) προς τις ελληνικές τράπεζες στο ποσό των 12,2 δισεκ. …Read More

Michael Heise, (2018), “The Debt Shackles Return”, Project Syndicate, 15 Μαΐου Market analysts view the uptick in private lending in most emerging and some developed economies as a sign of higher demand and a precursor of faster growth. But, while this is true in the short run, the relentless rise of overall debt remains among the most serious problems burdening the global economy. Despite years of deleveraging after the 2008 …Read More

Aude Bicquelet-Lock, Helen J. Addison, (2018), “Are discretionary referendums on the EU becoming ‘politically obligatory?’”, LSE, EUROPP, 15 Μαΐου European governments have increasingly held referendums to decide matters associated with the EU since the first one was held in France in 1972, even though all EU states have representative democratic institutions and referendums entail considerable risk of defeat. This surge in non-obligatory referendum pledges inspired some scholars to suggest that referendums …Read More

Guntram Wolff, (2018), “Germany’s current account surplus and corporate investment”, Bruegel, 9 Μαΐου Germany’s current account surplus is unusually, and persistently, large. It was above €250 billion euros in 2017, the third consecutive year with a current account surplus above 7.8% of GDP (IMF 2017). To put this into context, of the 193 countries listed in the IMF’s World Economic Outlook between 1999 and 2017 (totalling some 3,570 available observations …Read More