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The rise of redistributive politics in the EU is setting limits on the completion of Economic and Monetary Union

Vilpišauskas, Ramūnas , (2017), “The rise of redistributive politics in the EU is setting limits on the completion of Economic and Monetary Union”, LSE EUROPP, 24 Ιουνίου One of the key areas of controversy in responses to the Eurozone crisis has been the notion of transferring financial resources from prosperous economies in the North to struggling economies in the South. Ramūnas Vilpišauskas argues that this issue has effectively put redistributive politics …Read More

Getting It Right: Youth Employment Policy within the EU

Pastore, Francesco, (2017), “Getting It Right: Youth Employment Policy within the EU”, IZA Institute of Labor Economics, Policy Paper Series, IZA Policy Paper No.127, Μάιος This essay discusses the determinants of youth unemployment within the EU and then the alternative policy options currently at stake. We argue that youth unemployment regards especially some peripheral EU countries and is due to a mix of factors that should be addressed more vigorously, …Read More

Φιλίπ: «Ηφαίστειο που βρυχάται» το χρέος της Γαλλίας

in.gr, (2017), “Φιλίπ: «Ηφαίστειο που βρυχάται» το χρέος της Γαλλίας”, 4 Ιουλίου Η κυβέρνηση του Εντουάρ Φιλίπ έλαβε, όπως αναμενόταν, ψήφο εμπιστοσύνης από το γαλλικό Κοινοβούλιο εξασφαλίζοντας συντριπτική πλειοψηφία, με 370 ψήφους υπέρ έναντι 67 κατά. «Χορεύουμε πάνω σε ένα ηφαίστειο που βρυχάται, εξαιτίας του αβάστακτου χρέους της χώρας» είπε στη διάρκεια ομιλίας του ο Φιλίπ. Τη Δευτέρα ο Εμμανουέλ Μακρόν πραγματοποίησε πολυσυζητημένη ομιλία στις Βερσαλλίες. Σχετικές Αναρτήσεις Σπάθη, Ρουμπίνα, …Read More

The European banking union at three: A toddler with tantrums

Beck, Thorsten, (2017), “The European banking union at three: A toddler with tantrums”, Vox Eu, 3 Ιουλίου 2017 A little less than three years ago, the bank regulatory framework in the Eurozone seemed to have reached a decisive moment, with the completion of the Comprehensive Assessment and the establishment of the Single Supervisory Mechanism and Single Resolution Mechanism, and the implementation of the Bank Recovery and Resolution Directive (BRRD). Taxpayer-funded …Read More

Fiscal Reforms, Long-term Growth and Income Inequality

Correa-Caro, Carolina, Ormaechea, Santiago Acosta, Komatsuzaki, Takuji, (2017), “Fiscal Reforms, Long-term Growth and Income Inequality”, IMF Working Paper 17/145, 29 Ιουνίου We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries using the Synthetic Control Method. These episodes are selected using an indicator-based approach applied to the evaluation of growth-friendly fiscal reforms during 1975-2010. We find that in reform countries the annual growth rate of real GDP …Read More

Reflecting on how to run €MU more effectively

Begg, Iain, (2017), “Reflecting on how to run €MU more effectively”, LSE EUROPP, 29 Ιουνίου Earlier this year, the European Commission published a consultative White Paper setting out a number of scenarios on the Future of Europe and undertook to nourish the ensuing debates by releasing a series of Reflection Papers on key dimensions of the development of the Union. Among these is the recently-released one on the deepening of …Read More

Περιορισμό του QE προεξοφλούν οι διεθνείς αγορές

Ζολώτα, Ζωρζέτ, (2017), “Περιορισμό του QE προεξοφλούν οι διεθνείς αγορές”, Η Καθημερινή, 2 Ιουλίου Αν και αξιωματούχοι της Ευρωπαϊκής Κεντρικής Τράπεζας (ΕΚΤ) επιχείρησαν να μετριάσουν τις εντυπώσεις που δημιουργήθηκαν από την ομιλία του Μάριο Ντράγκι, προέδρου της Ευρωτράπεζας, στην Πορτογαλία για επικείμενη αναδίπλωση της επεκτατικής νομισματικής πολιτικής στην Ευρωζώνη, οι αγορές είχαν ήδη αναπτύξει ταχύτητες. Το ευρώ έφθασε το 1,14 δολ. από 1,1179 στις αρχές της εβδομάδας, αντανακλώντας κέρδη πάνω …Read More

Eurozone or EU budget? Confronting a complex political question

Wolff, Guntram B., (2017), “Eurozone or EU budget? Confronting a complex political question”, Bruegel, 29 Ιουνίου The European Commission has just published its reflection paper on the future of the EU budget. It touches on many topics, but at its heart the paper is agonising over one political question: Should there be a euro-area budget distinct from the overall EU budget? And if so, what kind of interplay will there …Read More

Euro area annual inflation down to 1.3%

Eurostat/Euro area annual inflation down to 1.3%/30 Ιουνίου 2017 Euro area annual inflation is expected to be 1.3% in June 2017, down from 1.4% in May 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in June (1.9%, compared with 4.5% in May), followed by services …Read More

A Complementary Tool to Monitor Fiscal Stress in European Economies

Pamies Sumner, Stéphanie, Berti, Katia, (2017), “A Complementary Tool to Monitor Fiscal Stress in European Economies”, European Commission, Directorate-General for Economic and Financial Affairs Discussion Paper No 049, Ιούνιος This paper presents an indicator of fiscal distress for European economies based on a multivariate regression analysis (logit modelling, the L1 indicator) and on a recently updated dataset of fiscal stress episodes. This indicator presents some interesting features: relying on a …Read More