Mendelsohn, J. (2014) “In this together – Rethinking Solidarity in Europe“, The European Magazine, 02 Οκτωβρίου. If solidarity is to serve political change, it must be elevated to a normative goal and enforced as a principle of law and not as a matter of choice. Since the eruption of the Eurozone crisis in late 2008, I – and many others – have been struggling with the comprehension, the origins …Read More
Prime Minister Matteo Renzi on Growth and Jobs in Italy – A Conversation With Matteo Renzi
Renzi, M. (2014) “Prime Minister Matteo Renzi on Growth and Jobs in Italy – A Conversation With Matteo Renzi“, Council on Foreign Relations (CFR), 24 Σεπτεμβρίου. PORAT: Good afternoon. My name is Ruth Porat, and I’m a member of the board of the Council and am delighted to welcome you here today to our meeting with Prime Minister Matteo Renzi. I’d also like to welcome the CFR members around …Read More
Γαλλικός προϋπολογισμός και ευρωπαϊκό αδιέξοδο
Τσούκαλης, Λ. (2014) “Γαλλικός προϋπολογισμός και ευρωπαϊκό αδιέξοδο“, Εφημερίδα «Καθημερινή» – Άρθρο Γνώμης, 02 Οκτωβρίου. Ο υπουργός Οικονομικών της Γαλλίας, κ. Σαπέν, ανακοίνωσε ότι το δημοσιονομικό έλλειμμα της χώρας του θα συνεχίσει να υπερβαίνει τουλάχιστον μέχρι το 2017 τα όρια που προσπαθούν να επιβάλουν οι Βρυξέλλες, με οδηγό πάντα τη Γερμανία και βάση το δημοσιονομικό σύμφωνο που υιοθέτησαν όλες σχεδόν οι χώρες-μέλη της Ε.Ε., περιλαμβανομένης και της Γαλλίας. Η …Read More
ECB Sovereign Bond Purchases Remain Unlikely
Kirkegaard, F. J. (2014) “ECB Sovereign Bond Purchases Remain Unlikely“, Peterson Institute for International Economics, 01 Οκτωβρίου. The European Central Bank (ECB) is reportedly on the cusp of another round of euro area sovereign bond purchases. Proponents of such a move say it is necessary if the ECB is to grow its balance sheet by the €750 billion to €1 trillion signaled by its president, Mario Draghi, on September …Read More
Debt Rattle Oct 1 2014: Europe Is Crumbling Into Collapse
Ilargi Meijer, Ρ. (2014) “Debt Rattle Oct 1 2014: Europe Is Crumbling Into Collapse“, The Automatic Earth, 01 Οκτωβρίου. For me, the quote of the day is this one: “If there’s a periphery of the eurozone’s periphery, that’s Naples.”. The city of Napoli hosts ECB boss Mario Draghi and the heads of Europe’s central banks this week in some very posh former Bourbon family royal palace, and the contradictions …Read More
Direct central bank purchases of government debt
Mitchell, B. (2014) “Direct central bank purchases of government debt“, Bill Mitchell Blog, 02 Οκτωβρίου. There was a recently published Federal Reserve Bank of New York Staff Report – Direct Purchases of U.S. Treasury Securities by Federal Reserve Banks – by Kenneth D. Garbade, which recounts the way the central bank in the US could purchase unlimited amounts of treasury debt by creating funds out of thin air and …Read More
The who and how of disappearing routine jobs
Cortes, M., Jaimovich, N., Nekarda, J. C. & Siu, H. (2014) “The who and how of disappearing routine jobs“, VoxEU Organisation, 02 Οκτωβρίου. As routine tasks are increasingly automated, middle-wage jobs are becoming rarer. This column documents the changes in labour-market dynamics behind polarisation, and investigates which workers are affected by it. Flows into middle-wage routine jobs are declining (rather than flows out increasing). Interestingly, routine cognitive workers – …Read More
Why Italy Will Not Make It
Orsi, R. (2014) “Why Italy Will Not Make It“, LSE EUROPP, Eurocrisis in the Press, 01 Οκτωβρίου. Three articles by prestigious commentators (Ambrose Evans-Pritchard and Roger Bootle for The Telegraph, Wolfgang Münchau for Financial Times) have recently appeared in the financial press about the economic situation of Italy and the (in)stability of its national debt. The arguments and wording of these pieces deserve special attention, as their appearance may …Read More
The Economic Impact of Professional Services Liberalisation
Canton, E., Ciriaci, D. & Solera, I. (2014) “The Economic Impact of Professional Services Liberalisation“, European Economy. Economic Papers. 533. Σεπτέμβριος 2014 Competition in professional services is, in some occasions, hindered by excessive regulation. This may constrain business dynamics (entry and exit of firms) and create inefficiencies and excessive rents. To improve market performance in those professional services generally regulated, several EU countries have reduced regulatory restrictions regarding the …Read More
The ‘dos and don’ts’ of a growth-friendly policy mix for the Euro area
Altomonte, C. & Aguilante, T. (2014) “The ‘dos and don’ts’ of a growth-friendly policy mix for the Euro area – combining monetary, fiscal and structural measures at the union level and at the national level“, Bruegel Think Tank, 01 Οκτωβρίου. When looking at possible ways out of the euro area crisis, there is a growing consensus that it will require “a policy mix that combines monetary, fiscal and structural measures at the …Read More