Mitchell, B. (2015) “SNB decision tells us that the crisis in entering a new phase“, Bill Mitchell Blog, 19 Ιανουαρίου. Switzerland – home of the secret bank vaults, which house treasures stolen from people (particularly the Jewish victims) by the Nazis during WW2 and ill-gotten cash by capitalists who wish to evade scrutiny of prudential and tax authorities of their domiciled nations. Now it is the canary, which has …Read More
Conversation by Martin Eiermann with Parag Khanna: “The fragmentation of power is irreversible”, The European Magazine, 16 Ιανουαρίου 2015. The end of the nation-state as we know it: Parag Khanna discusses the path towards global connectivity and why we have to shift from Western history to global history. The European: Mr. Khanna, especially in Europe, we’re witnessing a resurgence of regionalist or nationalist thinking that seems to cast doubt …Read More
Mitchell, B. (2015) “Friday lay day – more snake oil from Brussels“, Bill Mitchell Blog, 16 Ιανουαρίου. It’s my Friday lay day blog. I am in Sri Lanka at present and will have some reports about that over the next 14 odd days. I was amazed overnight by the comments from IMF boss Lagarde who made overt political statements in an upcoming election year by claiming that David Cameron …Read More
De Grauwe, P. & Ji, Y. (2015) “Quantitative easing in the Eurozone: It’s possible without fiscal transfers“, VoxEU Organisation, 15 Ιανουαρίου. The ECB has been struggling to implement a programme of quantitative easing (QE) that would successfully target deflation. The main difficulty is political, stemming from opposition from German institutions. Their argument against is that a government bond buying programme by the ECB would mix fiscal and monetary policy. …Read More
Brzeski, C. (2015) “Calling the eurozone’s bluff?“, EU Observer Opinion, 14 Ιανουαρίου. Next week’s events have the clear potential to plant the seeds for another eurozone crisis. Not an immediate one with sharp market turmoil, but rather a creeping one: the sneaking and growing awareness that the eurozone is far from being perfect. On 22 January, the European Central Bank (ECB) will plant the first seed. It will be …Read More
Enderlein, H. & Pisani-Ferry, J. (2014) “Reforms, Investment and Growth: An Agenda for France, Germany and Europe“, Report to Sigmar Gabriel (Federal Minister for Economic Affairs and Energy) and Emmanuel Macron (Minister for the Economy, Industry and Digital Affairs, 27 Νοεμβρίου. INTRODUCTION Europe is falling into a stagnation trap: growth is barely noticeable; current inflation is dangerously low; almost stagnant nominal income makes the weight of public and private …Read More
Beblavý, Μ., Gros, D. & Maselli, I. (2015) “Reinsurance of National Unemployment Benefit Schemes“, Social welfare policies, CEPS Working Documents, Centre for European Policy Studies, 08 Ιανουαρίου. This study is a contribution to the debate around the creation of an unemployment insurance scheme for the EU/euro area by proposing an alternative mechanism to the Europeanisation of national insurance schemes. The authors make the case for a reinsurance mechanism and show that …Read More
Parramore, Lynn (2015) “Welcome to the Hunger Games, Brought to You by Mainstream Economics“, Institute for New Economic Thinking, 05 Ιανουαρίου. As a virulent strain of austerity capitalism takes over Europe, leaving shattered lives in its shadow, researchers Servaas Storm and C.W.M. Naastepad, Senior Lecturers in Economics at Delft University of Technology in The Netherlands, consider how things got so bad, what role economists and misguided policy-makers have played, …Read More
Darvas, Ζ. (2015) “The convergence dream 25 years on – half of the former communist countries did not converge to advanced EU countries from 1989-2014“, Bruegel Institute, 06 Ιανουαρίου. The 25th anniversary of the fall of the Berlin wall was widely celebrated – rightly so. The fall of communism opened the way for democracy, personal freedoms, security, lawfulness, fairness and economic efficiency, among others. The transition also raised hopes that …Read More
Cukierman, Α. (2015) “The Crisis and the renminbi’s international role“, VoxEU Organisation, 07 Ιανουαρίου. The Global Financial Crisis has increased the importance of the renminbi as an international currency. This column describes how the status of the remnibi has changed relative to that of the dollar and the euro. It also discusses what their future as future currencies would be. The author suggests that within 10 years, the renminbi …Read More
