This site is for archive purposes. Please visit www.eliamep.gr for latest updates
Go to Top

Βιβλιοθήκη

The Europe barometer points to stormy weather

Lannoo, Karel, (2013), “The Europe barometer points to stormy weather”, The Centre for European Policy Studies, 17 Φεβρουαρίου. Against the current background of a sharp decline in public support for the EU and an emerging reinforced centre to manage the euro crisis, this commentary finds that the only way Europe’s leaders can hope to keep the fragile equilibrium afloat is to summon up the courage to go forward with concrete …Read More

Europe’s Debt Crisis Endgames—Stealth Solutions

Satyajit, Das, (2013), ‘Europe’s Debt Crisis Endgames—Stealth Solutions’, www.economonitor.com, 24 Ιανουαρίου. In his novella Chronicle of a Death Foretold (Crónica de Una Muerte Anunciada in the original Spanish), Gabriel Garcia Marquez commences at the end of the story gradually revealing the events leading up to a murder. The non-linear telling creates an unusual tension. With the conclusion known, only the precise steps leading to the tragedy remain unclear. The probable endgame of Europe’s …Read More

Will Europe’s Fiscal Compact Work?

Frankel, Jeffrey, (2013), ‘Will Europe’s Fiscal Compact Work?’, www.project-syndicate.org, 18 Ιανουαρίου. At the start of 2013, the eurozone’s “fiscal compact” entered into force, owing to its ratification on December 21 by a 12th country, Finland, a year after German Chancellor Angela Merkel prodded eurozone leaders into agreement.

The Year Ahead in the Eurozone: Lower Risks, Same Problems

Roubini, Ariel, (2013), ‘The Year Ahead in the Eurozone: Lower Risks, Same Problems’, www.economonitor.com, 14 Ιανουαρίου. Financial conditions in the eurozone have significantly improved since the summer, when eurozone risks peaked because of German policymakers’ open consideration of a Greek exit, and the sovereign spreads of Italy and Spain reached new heights.

The Upside of the Euro Crisis

Vaisse, Justin, (2012), ‘The Upside of the Euro Crisis’, www.brookings.edu, 28 Νοεμβρίου. Since the beginning of the European debt crisis, most economists have focused on the potential consequences of a breakup of the euro zone. It’s easy to understand why. Although unlikely, a euro-zone breakup would be a potentially cataclysmic event that would leave the world economy in tatters.  

Reforming the EU budget in times of crisis

Bertoncini, Yves, (2012), ‘Reforming the EU budget in times of crisis’, Notre Europe – Jacques Delors Institute, 15 Νοεμβρίου. This tribune by Yves Bertoncini underlines the main issues at stake in the perspective of the extraordinary European Council which is to take key decisions on the EU budget for the post 2013 period. It is based on three series of remarks: – one on the crisis, which has to be …Read More

Europe Could Still Blow Up, Let’s Not Be Complacent

Elliott, Douglas, (2012), ‘Europe Could Still Blow Up, Let’s Not Be Complacent’, www.brookings.edu, 13 Νοεμβρίου. European leaders, and their suffering peoples, are clearly making real progress in working through the Euro Crisis. However, some observers have lapsed into complacency, assuming that the worst is definitely over. I hope they are right, but there are many ways in which the situation could blow up and become worse than ever. I am willing …Read More

The Eurozone breakup debate: Uncertainty still reigns

Nordvig, Jens, (2012), “The Eurozone breakup debate: Uncertainty still reigns”,  www.voxeu.org, 6 Νοεμβρίου. Conversations about the breakup of the Eurozone are changing. This column argues that an ‘avoid breakup at all costs’ dogmatism may not be a prudent view. Getting good data may well be difficult, but any arguments about the cost of a Eurozone breakup must be compared to the ongoing cost of the status quo.

An optimistic case for the Euro

Feldstein, Martin, (2012), ‘An optimistic case for the Euro’, www.project-syndicate.org, 30 Οκτωβρίου. The prospects for the euro and the eurozone remain uncertain. But recent events at the European Central Bank, in Germany, and in global financial markets, make it worthwhile to consider a favorable scenario for the common currency’s future.

How would Portugal have fared in the past decade under the debt rule?

Capone-Parisi, Elisa, (2012), ‘How would Portugal have fared in the past decade under the debt rule?’, www.economonitor.com, 29 Οκτωβρίου. Portugal was the second country (after Greece) to ratify the fiscal compact treaty (together with the ESM). The fiscal compact will be implemented under the auspices of the European Court of Justice which will monitor the national rule’s compliance with the treaty.