Greece: ECB Kicks Syriza in the Face; Syriza Turns the Other Cheek

6 Φεβρουαρίου, 2015

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Weisbrot, M. (2015) “Greece: ECB Kicks Syriza in the Face; Syriza Turns the Other Cheek“, The Huffington Post, 05 Φεβρουαρίου. On Wednesday the European Central Bank (ECB) announced that it would no longer accept Greek government bonds and government-guaranteed debt as collateral. Although Greece would still be eligible for other, emergency lending from the Central Bank, the immediate effect of the announcement was to raise Greek borrowing costs and …Read More

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Je suis Dijsselbloem ou Varoufakis?

6 Φεβρουαρίου, 2015

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Χατζησταύρου, Φ. (2015) “Je suis Dijsselbloem ou Varoufakis?“, Protagon Website, 04 Φεβρουαρίου. Η πρώτη συνάντηση Βαρουφάκη-Ντάισελμπλουμ φέρνει στη δημόσια συζήτηση ένα θέμα που μέχρι τώρα ήταν αντικείμενο ανάλυσης κυρίως των ενασχολούντων με τη θεσμική λειτουργία της ΕΕ στα οικονομικά θέματα. Ευκαιρία, λοιπόν, να δούμε ποιο είναι το πρόβλημα, γιατί υπάρχει πρόβλημα, και ποιες οι συνέπειές του μέχρι σήμερα. Από το 2010 και μετά οι ευρωπαϊκές κυβερνήσεις ομόφωνα προχώρησαν στην …Read More

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We Need An Industrial And Innovation Policy For Europe

3 Φεβρουαρίου, 2015

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Pini, P. & Antonioli, D. (2015) “We Need An Industrial And Innovation Policy For Europe“, Social Europe Journal, 30 Ιανουαρίου. The prolonged economic crisis since 2008 has drastically reduced incomes and employment levels and the promised recovery will not reabsorb unemployment, particularly in Europe. Nevertheless, economic policy in Europe is sticking to past recipes based on two mainstays: fiscal austerity and labour flexibility. This strategy does increase the short-run …Read More

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Why did Britain join the EU? A new insight from economic history

3 Φεβρουαρίου, 2015

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Campos, F. N. & Coricelli, F. (2015) “Why did Britain join the EU? A new insight from economic history“, VoxEU Organisation, 03 Φεβρουαρίου. Britain eschewed EU membership in the late 1950s but changed its mind in the early 1960s, only to be rebuffed by Charles de Gaulle. Membership came only in the early 1970s. This column argues that, among others, Britain joined the EU as a way to avoid …Read More

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There has been a substantial drop in EU legislative output since 2010

3 Φεβρουαρίου, 2015

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Dehousse, R. & Rozenberg, O. (2015) “There has been a substantial drop in EU legislative output since 2010“, LSE EUROPP, 03 Φεβρουαρίου. A common argument made against the European Union by Eurosceptic politicians is that the EU creates a burden on citizens and businesses by producing too much legislation. But how much legislation does the EU actually produce? Renaud Dehousse and Olivier Rozenberg present data on both the raw …Read More

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Who’s Unreasonable Now?

3 Φεβρουαρίου, 2015

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Krugman, P. (2015) “Who’s Unreasonable Now?“, The New York Times, 02 Φεβρουαρίου. OK, so as I understand the latest from the new Greek government, Yanis Varoufakis is saying that he and his colleagues don’t care what happens to the headline value of the debt — if you want to claim that there has been no write-off, OK. What they want instead is substantive but not outrageous relief from the …Read More

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Greece Asks ECB to Keep Banks Afloat, Tsipras Pitches Deal

2 Φεβρουαρίου, 2015

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Stearns, J. & Deen, M. (2015) “Greece Asks ECB to Keep Banks Afloat, Tsipras Pitches Deal“, Bloomberg Business, 01 Φεβρουαρίου. Greek Prime Minister Alexis Tsipras began the hunt for allies against German demands for austerity as his week-old government appealed to the European Central Bank not to shut off the money tap. Finance Minister Yanis Varoufakis said his country won’t take any more aid under its existing bailout agreement …Read More

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Germany has a convenient but flawed collective memory

2 Φεβρουαρίου, 2015

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Mitchell, B. (2015) “Germany has a convenient but flawed collective memory“, Bill Mitchell Blog, 02 Φεβρουαρίου. There is a lot of discussion at present about the historical inconsistency of the German position with regard any debt relief to the Greek government. Angela Merkel has reiterated over the weekend that there would be no further debt relief. Why she is now a spokesperson for the Troika that does not include …Read More

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We already have a simple and conventional story to explain the weak recovery

30 Ιανουαρίου, 2015

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Wren-Lewis, S. (2015) “We already have a simple and conventional story to explain the weak recovery“, VoxEU Organisation, 30 Ιανουαρίου. The anaemic recovery from the Global Crisis and the downward trend in real interest rates since 1980 have revived interest in the idea of secular stagnation. This column argues that if the US, UK, and Eurozone had not pursued contractionary fiscal policies from 2010 onwards, the recovery would not …Read More

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Secular stagnation in the Eurozone

30 Ιανουαρίου, 2015

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De Grauwe, P. (2015) “Secular stagnation in the Eurozone“, VoxEU Organisation, 30 Ιανουαρίου. Nowhere in the developed world is the secular stagnation more visible than in the Eurozone. This column explains this phenomenon with asymmetric external balances within the Eurozone. Southern counties had accumulated current-account deficits and became debtors when the Crisis hit, whereas the northern ones became creditors. The burden of the adjustments has been borne almost exclusively …Read More

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