Shafik, N., (2013), “Europe’s Choice: Risk Stagnation or Pursue Integration”, iMFdirect Blog, 11 Οκτωβρίου. Europe faces a stark choice: risk stagnation or pursue integration. It can continue to muddle through, and hope that growth in the world economy will eventually pick up enough steam to pull its economy out of the doldrums. Or it can make a decisive push to revitalize its economy and complete the reforms needed to achieve …Read More
Steen, M., (2013), “Eurozone fails to cheer recovery”, The Financial Times, 10 Οκτωβρίου. Why is no one cheering? Technically, the eurozone exited its 18-month recession in the second quarter and is back on the path to growth. Yet its supporters – and critics – have remained silent. Mario Draghi, president of the European Central Bank, may have the answer. “I see a recovery that is weak, that is uneven, that …Read More
Gros, D., (2013), “The Myth of German Euroskepticism”, Project Syndicate, 09 Οκτωβρίου. For example, a recent briefing note by Open Europe claims that German citizens tend to trust the European Parliament less than their national parliament and detects a trend of declining German trust in EU institutions since the start of the crisis. Similarly, a commentary by the European Council on Foreign Relations states: “Trust in the EU has plummeted …Read More
Buti, M. and Padoan, P.C., (2013), “How to make Europe’s incipient recovery durable – A rejoinder”, VoxEU, 08 Οκτωβρίου. Our recent Vox column triggered an interesting and lively debate (see for instance Krugman, 2013; Fatas, 2013; Watt, 2013). In it, we argued that weak private investment is partly to blame for the growth shortfall of the Eurozone compared to the US in the past few years and that putting in …Read More
Soros, G., (2013), “Angela Merkel’s Pyrrhic Victory”, Project Syndicate, 07 Οκτωβρίου. As far as Germany is concerned, the drama of the euro crisis is over. The subject was barely discussed in the country’s recent election campaign. Chancellor Angela Merkel did what was necessary to ensure the euro’s survival, and she did so at the least possible cost to Germany – a feat that earned her the support of pro-European Germans …Read More
Mercille, J., (2013), “European Media Distort the Lessons of Argentina’s Crisis and Recovery”, Social Europe Journal, 07 Οκτωβρίου. The European media have distorted the lessons of Argentina’s relatively successful response to its own economic crisis a decade ago, as newly published research documents in detail. This is not surprising, because the policies adopted by Buenos Aires were directly opposed to those currently favoured by European authorities, in particular the ECB …Read More
Hugh, E., (2013), “Can demography explain Portugal’s growth slump before the crash?”, A Fistful Of Euros Blog, 06 Οκτωβρίου. The issue being raised revolves around the current acceleration of emigration from countries on the EU periphery, largely towards the EU core. Typically the emigrants are young educated people who can’t find work. There is nothing especially surprising in this, since the tendency has long existed for people to move from …Read More
Tilford, S., (2013), “Eurozone recovery: The world is not enough”, Centre for European Reform Blog, 03 Οκτωβρίου. The end of the eurozone’s long recession has been met with relief by its policy-makers, with some jumping on the news to justify their management of the eurozone crisis. They argue that the eurozone economy is on the mend, and the recovery will gain momentum over the coming quarter. If they are right, …Read More
Letta, E., (2013), “Europe’s Responsible Solidarity”, Project Syndicate, 03 Οκτωβρίου. Next year will be crucial for the European Union. EU citizens will elect a new European Parliament, which will vote for a new president of the EU Commission. There will be a new president of the European Council and a new high representative for foreign and security policy as well. This change of top EU personnel represents an ideal opportunity …Read More
Kinsella, S., (2013), “Η λιτότητα προοδεύει; Η ανάδυση της Ιρλανδίας από τη διάσωσή της από την ΕΕ και το ΔΝΤ”, Foreign Affairs, Hellenic Edition, 03 Οκτωβρίου. Αργότερα μέσα στο 2013, η Ιρλανδία θα γίνει η πρώτη χώρα της ευρωζώνης που θα βγει από τους όρους διάσωσής της από την ΕΕ και το ΔΝΤ. Ο ιρλανδικός λαός, όμως, είναι δύσκολο να πιστέψει ότι το φως στο τέλος τού τούνελ δεν είναι …Read More
