Ekkehard Ernst (2014) “Backing the wrong horse, The solution to ease mass unemployment is at hand, but policymakers across Europe are too blind to see it“, The European Magazine, 02 Σεπτεμβρίου. Even today in 2014, the job market is likely to remain Europe’s number one problem child. Five years after the outbreak of the euro crisis and two years after Mario Draghi pledged to do “whatever it takes” to …Read More
Greater attention should be paid to the consequences of a ‘Brexit’ for the EU and other states around the world, not just the UK
Möller, Α. & Oliver, Τ. (2014) “Greater attention should be paid to the consequences of a ‘Brexit’ for the EU and other states around the world, not just the UK“, LSE EUROPP Blog, 01 Σεπτέμβρη. The UK’s EU membership is likely to be a key issue in the 2015 British general election campaign: a point underlined by the defection last week of the Conservative MP Douglas Carswell to UKIP. Almut …Read More
Why European Progressives Stick To Austerity
Meyer, H. (2014) “Why European Progressives Stick To Austerity“, Social Europe Journal, 01 Σεπτεμβρίου. Writing about the recent French government crisis in the New York Times, Paul Krugman raised some uncomfortable questions. He worried about the ongoing dominance of austerity illogic on this side of the Atlantic and what this says about public discourse and the effectiveness of progressive forces. He criticised the UK Labour Party for its unwillingness …Read More
Publish or be damned or why central banks need to say more about the path of their policy rates
Barwell, R. & Chadha, J. (2014) “Publish or be damned or why central banks need to say more about the path of their policy rates“, VoxEU Organisation, 31 Αυγούστου. In the wake of the crisis, forward guidance has become a prominent tool of monetary policy. This column argues that central banks should go a step further, communicating to the public the internal policy debate that goes into monetary policy …Read More
Europe According to Draghi
Pisani-Ferry, J. (2014) “Europe According to Draghi“, Project Syndicate, 31 Αυγούστου. Central bankers are often proud to be boring. Not Mario Draghi. Two years ago, in July 2012, Draghi, the president of the European Central Bank, took everyone by surprise by announcing that he would do “whatever it takes” to save the euro. The effect was dramatic. This August, he used the annual gathering of top central bankers in …Read More
Why is Europe Not ‘Coming Together’ in Response to the Euro Crisis?
Varoufakis, Y. (2014) “Why is Europe Not ‘Coming Together’ in Response to the Euro Crisis?”, Yanis Varoufakis Blog: thoughts for the post-2008 world, 29 Αυγούστου. In this article I ask a question on everyone’s lips: Almost everyone agrees that the Eurozone was a one-legged giant; a monetary union lacking a political ‘leg’ to stabilise it. If so, why has the Euro Crisis (which surely strengthened that view on the back …Read More
Οι μισές αλήθειες της ευρωκρίσης
Παγουλάτος, Γ. (2014) “Οι μισές αλήθειες της ευρωκρίσης“, Εφημερίδα Καθημερινή, 31 Αυγούστου. Η αντιμετώπιση της ευρωκρίσης στηρίχθηκε σε μισά μέτρα – γι’ αυτό η κρίση συνεχίζεται. Ο διάλογος στην Ευρωζώνη διεξάγεται με μισές αλήθειες – γι’ αυτό δυσχεραίνονται οι συναινέσεις για την υπέρβαση της κρίσης. Η μισή αλήθεια της κυβέρνησης Μέρκελ είναι ότι η ανάπτυξη, ιδίως στις χώρες του Νότου, θα έρθει με εθνικές μεταρρυθμίσεις. Πράγματι, χωρίς διαρθρωτικές …Read More
A missed opportunity
Sonntag, A. (2014) “A missed opportunity“, EU-Asia Institute at ESSCA School of Management, 01 Σεπτεμβρίου. 20 years ago, on the 1st of September 1994, two German MPs from the CDU led by Helmut Kohl published a position paper, which bore the innocuous title ‘Reflexions on European Politics’ and which became quickly named the ‘Schäuble-Lamers Paper’ after its authors. The propositions and recommendations formulated in this rather dense document of …Read More
Keynes and the International Clearing Union: A Possible Model for Eurozone Reform?
Whyman, P. B. (2014) “Keynes and the International Clearing Union: A Possible Model for Eurozone Reform?“, JCMS: Journal of Common Market Studies. doi: 10.1111/jcms.12180, 07 Αυγούστου. Economic and monetary union in Europe, as currently constituted, has a number of structural weaknesses. Large, persistent international payments imbalances necessitate deficit nations to deflate their economies or squeeze social wages in order to restore competitiveness. Surplus nations accrue reserves, with little pressure to …Read More
A European sanctions compensation fund?
Gros, D. (2014) “A European sanctions compensation fund?“, Economic Policy, CEPS Commentaries, 12 Αυγούστου. Daniel Gros explores in a new CEPS Commentary the feasibility of creating a common fund to provide compensation for the economic costs of sanctions as an integral part of the EU’s foreign-policy stance that is now emerging towards Russia, albeit slowly and painfully. Τhe EU has now finally agreed to impose ‘third-level sanctions’ against Russia. …Read More