The fragmentation of power is irreversible

16 Ιανουαρίου, 2015

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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

Friday lay day – more snake oil from Brussels

16 Ιανουαρίου, 2015

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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

Europe Rediscovers Nationalism

15 Ιανουαρίου, 2015

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“Europe Rediscovers Nationalism“, STRATFOR Global Intelligence, Analysis, 11 Ιανουαρίου. Analysis In his latest novel, French writer Michel Houellebecq presents a controversial situation: The year is 2022, and France has become an Islamicized country where universities have to teach the Koran, women have to wear the veil and polygamy is legal. The book, which created a stir in France, went on sale Jan. 7. That day, a group of terrorists …Read More

Quantitative easing in the Eurozone: It’s possible without fiscal transfers

15 Ιανουαρίου, 2015

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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

The Impact of Alternative Public Policies on the Deployment of New Communications Infrastructure – A Survey

14 Ιανουαρίου, 2015

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Briglauer, W., Frübing, S. & Vogelsang, I. (2015) “The Impact of Alternative Public Policies on the Deployment of New Communications Infrastructure – A Survey, Discussion Paper No. 15-003, Centre for European Economic Research (ZEW), Ιανουάριος. Abstract Our survey reviews the theoretical and empirical literature on all alternative policies to promote the deployment of new fiber-based communications infrastructure. Since such investment is expected to induce substantial positive externalities, dynamic efficiency …Read More

Calling the eurozone’s bluff?

14 Ιανουαρίου, 2015

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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

Reforms, Investment and Growth: An Agenda for France, Germany and Europe

13 Ιανουαρίου, 2015

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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

How to reduce the Greek debt burden?

13 Ιανουαρίου, 2015

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Darvas, Z. & Hüttl, P. (2015) “How to reduce the Greek debt burden? – There are options to reduce the net present value of Greek public debt servicing costs by more than 15 percent of GDP without incurring losses on creditors, Bruegel Institute Analyses, 09 Ιανουαρίου. The Greek debt reduction issue has been put back on the table as the 25 January 2015 parliamentary snap elections are approaching. Already in …Read More

Is Greek Public Debt Unsustainable? It’s The (nominal growth rate of the) Economy, Stupid!

13 Ιανουαρίου, 2015

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Watt, A. (2015) “Is Greek Public Debt Unsustainable? It’s The (nominal growth rate of the) Economy, Stupid!“, Social Europe Journal, Occasional Papers No. 6, Ιανουάριος. Greece will go to the polls on January 25th and everybody from German conservatives to Greek leftists seems to agree: Greek public debt is unsustainable. A haircut on investors and some form of partial default – more politely known as debt restructuring – is …Read More

While Europe debates a placebo the disaster deepens

12 Ιανουαρίου, 2015

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Mitchell, B. (2015) “While Europe debates a placebo the disaster deepens“, Bill Mitchell Blog: Modern Monetary Theory… Macroeconomic Reality, 12 Ιανουαρίου. The youth are our future. The future is for our youth. Poverty used to be a problem of the aged as they left employment and entered retirement. Shorter life spans than now meant it was a relatively short-lived but deplorable state for people to end in. All that …Read More

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