New Pact for Europe: Second Report – Towards a New Pact for Europe

13 Νοεμβρίου, 2014

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Emmanouilidis, Α. J. & Davis, J. (Ed.) New Pact for Europe: Second Report – Towards a New Pact for Europe, A publication of the King Baudouin Foundation, the Bertelsmann Stiftung and the European Policy Centre (EPC), Οκτώβριος 2014. NEW PACT FOR EUROPE – PROJECT DESCRIPTION In 2012, a consortium of 11 European foundations initiated by the King Baudouin Foundation and Bertelsmann Stiftung, and supported by the European Policy …Read More

Was the ECB’s Comprehensive Assessment up to standard?

13 Νοεμβρίου, 2014

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De Groen, W. P. (2014) “Was the ECB’s Comprehensive Assessment up to standard?“, Centre for European Policy Studies (CEPS), Policy Brief Νο. 325, 10 Νοεμβρίου. The Comprehensive Assessment conducted by the European Central Bank (ECB) represents a considerable step forward in enhancing transparency in euro-area banks’ balance sheets. The most notable progress since the previous European stress test has been the harmonisation of the definition of non-performing loans and …Read More

The case of the disappearing Fiscal Compact

12 Νοεμβρίου, 2014

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Gros, D. & Alcidi, C. (2014) “The case of the disappearing Fiscal Compact“, Economic Policy – Centre for European Policy Studies (EPC) Commentary, 05 Νοεμβρίου. Following the Commission’s autumn forecast showing that only five euro-area countries exhibit a fiscal balance better than the 0.5% of GDP deficit allowed by the Fiscal Compact, Daniel Gros and Cinzia Alcidi attempt to explain in this new Commentary why there is precious little …Read More

Opinion polling leaves little doubt Podemos could break into the mainstream of Spanish politics at next year’s general election

12 Νοεμβρίου, 2014

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Kennedy, P. (2014) “Opinion polling leaves little doubt Podemos could break into the mainstream of Spanish politics at next year’s general election“, LSE EUROPP, 12 Νοεμβρίου. Recent opinion polls in Spain have indicated that the left-wing Podemos (‘We Can’) party, which was only formed in January of this year, could gain the largest share of the vote in Spain’s 2015 general election. Paul Kennedy assesses the challenge the party …Read More

Towards a New Industrial Policy for Europe

12 Νοεμβρίου, 2014

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Dhéret, C. & Morosi, M. with Andrea Frontini, Annika Hedberg and Romain Pardo (2014) “Towards a New Industrial Policy for Europe“, EPC Issue Paper No. 78, 12 Νοεμβρίου. EXECUTIVE SUMMARY Recent policy debates have confirmed that manufacturing forms a key pillar of the industrial sector and of our economy. However, European manufacturing has been in steady decline for decades. This trend, accelerated by the economic and financial crisis, is …Read More

Recent slowdown in global trade: Cyclical or structural

12 Νοεμβρίου, 2014

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Boz, Ε., Bussière, Μ. & Marsilli, C. (2014) “Recent slowdown in global trade: Cyclical or structural“, VoxEU Organisation, 12 Νοεμβρίου. The past three years have witnessed a slowdown in global trade. This column shows that the slowdown was particularly pronounced in advanced economies, especially the Eurozone. In a panel of 18 OECD economies, most of the slowdown can be explained by cyclical factors. However, structural factors – global …Read More

Contagion in the European sovereign debt crisis

12 Νοεμβρίου, 2014

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Glover, B. & Richards-Shubik, S. (2014) “Contagion in the European sovereign debt crisis“, VoxEU Organisation, 12 Νοεμβρίου. Understanding the probability and magnitude of financial contagion is essential for policymaking. This column applies a framework for modelling financial contagion to data on the cross-holding and credit risk of sovereign debt in Europe. Credit markets perceived little risk of contagion from these spillovers following a sovereign default. It is important for …Read More

Getting The Germany Argument Right

11 Νοεμβρίου, 2014

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Wren-Lewis, S. (2014) “Getting The Germany Argument Right“, Social Europe Journal, 11 Νοεμβρίου. As the Eurozone experiences a prolonged demand-deficient recession, and given Germany’s pivotal role in making that happen, it is important to get the argument against current German policy right. It seems to me there are two wrong directions to take here. The first is to argue that Germany needs to undertake fiscal expansion because it has …Read More

Mr. Europe? The Ghosts of Juncker’s Past Come Back to Haunt Him

11 Νοεμβρίου, 2014

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Blome, N., Pauly, C., Peter Schmitz, G. & Schult, C. (2014) “Mr. Europe? The Ghosts of Juncker’s Past Come Back to Haunt Him“, Der Spiegel Online, 10 Νοεμβρίου. He only recently took office as European Commission president, but now, Jean-Claude Juncker is under pressure due to potentially illegal tax deals forged in Luxembourg during his stint as the country’s prime minister. Some believe he may have to resign. Jean-Claude …Read More

What caused the great recession in the Eurozone? What could have avoided it?

11 Νοεμβρίου, 2014

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Martin, P. & Philippon, T. (2014) “What caused the great recession in the Eurozone? What could have avoided it?“, VoxEU Organisation, 11 Νοεμβρίου. Economists disagree over the origin of the Eurozone Crisis. This column uses a quantitative framework to sort through the various channels and policy impacts. It argues that fiscal and macroprudential policies are complements, not substitutes. Prudent fiscal policy is helpful but cannot by itself undo private …Read More

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