Marco Buti, Björn Döhring, (2017), “Continued growth in a changing policy context: The European Commission’s autumn forecast”, VoxEU, 9 Νοεμβρίου The Eurozone economy is growing at its fastest rate in a decade, but the recovery remains incomplete. This column presents the European Commission’s autumn forecast, and derives some policy considerations. Accommodative macroeconomic policies are still appropriate for now. The column also highlights the need for structural policies to increase the …Read More

European Commission, (2017), “Autumn 2017 Economic Forecast”, Νοέμβριος The euro area economy is on track to grow at its fastest pace in a decade this year, with real GDP growth forecast at 2.2%. This is substantially higher than expected in spring (1.7%). The EU economy as a whole is also set to beat expectations with robust growth of 2.3% this year (up from 1.9% in spring). According to its Autumn …Read More

Sabine Lautenschläger, (2017), “European banks – The quest for the best business model”, European Central Bank, 7 Νοεμβρίου The banking sector is going through tough times. Having emerged from a major crisis, it faces challenges and change. But one thing has not changed, and it never will. A bank needs a sustainable business model. It has to earn revenues; it has to keep its costs in check; and it has …Read More

Guy Verhofstadt, (2017), “Europe in the Time of Trump”, Project Syndicate, 8 Νοεμβρίου Almost daily, new evidence emerges that Trump remains committed to his “America First” approach, which renounces the traditional US role as the world’s main defender of liberal democracy. The only way to protect the liberal world order is for other powers – beginning with the EU – to step into the breach. Σχετικές Αναρτήσεις Emmanuel Mourlon-Druol, (2017), …Read More

Mario Draghi (2017), “European banking supervision three years on”, European Central Bank, 7 Νοεμβρίου We are now three years into the life of European banking supervision, and the track record so far is encouraging. Though the single supervisor is still a young and developing institution, it has in many ways lived up to the high expectations that accompanied its founding.(..)In short, European supervision and European monetary policy have proven to …Read More

Christopher Smart, (2017),  “The Real Risk to the Global Economy”, Project Syndicate, 8 Νοεμβρίου One might assume that the brewing crises on the Korean Peninsula and in the Middle East pose a serious threat to the current global economic expansion. But political crises often induce only brief market corrections, whereas gradual shifts in international global institutions can be far more consequential for investor behavior.Οne of the great mysteries of today’s …Read More

European Commission, (2017), “Employment: Report confirms effectiveness of EU Globalisation Fund”, Europa.eu, 31 Οκτωβρίου The Commission has published its report on the performance of the European Globalisation Adjustment Fund (EGF) in 2015 and 2016.The report reaffirms the role of the Fund as a flagship demonstration of European solidarity within the limits of its set-up and budgetary availabilities, having helped close to 19,500 workers to adjust to changing trade patterns and consequences …Read More

Emmanuel Mourlon-Druol, (2017), “Rethinking Franco-German relations: a historical perspective”, Bruegel, 7 Νοεμβρίου Franco-German relations as the ‘engine’ of European integration are widely perceived to have stalled in recent years. German economic and political strength, coupled with relative French economic and political weakness, help to explain this situation.The re-election of Angela Merkel and the election of Emmanuel Macron in 2017 created a new potential basis for a strong, like-minded Franco-German alliance …Read More