LSE, (2013), A Strategy for Southern Europe, London: LSE !deas. Over the last five years Southern Europe has experienced widespread economic, political and social upheaval of almost existential proportion. Greece, Italy, Spain and Portugal, stricken by the Eurozone crisis and the aftershocks of the Arab Spring, face uncertain futures. This report examines the challenges confronting Southern Europe and seeks to explore the potential benefits the countries of the region could …Read More
European Public Opinion: Is this the end of pessimism?
Zalc, J., (2013), “European Public Opinion: Is this the end of pessimism?”, Fondation Robert Schuman, Policy Paper No 290, Οκτώβριος. After many long years of crisis during which the state of European public opinion has deteriorated, notably regarding its support of the Union and its institutions there are now some signs which seem to indicate that things are picking up. At a time when economic forecasts for 2014 give reason …Read More
Fiscal consolidations and spillovers in the Euro are periphery and core
In’t Veld, Y., (2013), “Fiscal consolidations and spillovers in the Euro are periphery and core”, European Commission, Directorate-General for Economic and Financial Affairs, Economic Papers 506, Οκτώβριος. This paper uses a structural multi-country model to assess the impact of fiscal consolidation measures undertaken in 2011-13 in the EA periphery and core. The simulations assume ‘crisis’ conditions prevailing (high share of constrained households, ZLB). The GDP effects depend crucially on the …Read More
Europe’s Flight from Futility
Vedrine, H., (2013), “Europe’s Flight from Futility”, Project Syndicate, 22 Οκτωβρίου. In the next 25 years, Europe’s share of the world population and global GDP is expected to fall considerably. Does that mean that a weakened Europe will fall prey to the rising powers of 2040? Given that Europe’s prospects are highly dependent on external factors, any speculation about its future must account for global conditions. One thing seems certain: …Read More
Οικονομικές Εξελίξεις – Q3/2013
ΚΕΠΕ, (2013) “Οικονομικές Εξελίξεις – Q3/2013“, Αθήνα: Κέντρο Προγραμματισμού και Οικονομικών Ερευνών. Δείκτες επερχόμενης ανάκαμψης της οικονομίας γίνονται ολοένα και πιο φανεροί. Η πρώτη φάση ανακεφαλαιοποίησης των τραπεζών που κρίνεται επιτυχής, η συγκράτηση των καταθέσεων, η πτωτική πορεία των επιτοκίων που δημιουργεί τις προϋποθέσεις για επανεκκίνηση της οικονομικής ανάπτυξης, το πολύπλευρο ενδιαφέρον ξένων επενδυτών, η σημαντικά αυξημένη τουριστική κίνηση που καταγράφεται φέτος, η αύξηση των εξαγωγών και ένα βελτιωμένο ισοζύγιο …Read More
Πρωταθλήτρια η Ελλάδα στη δημοσιονομική προσαρμογή
Χρυσολωράς, Ν., (2013), “Πρωταθλήτρια η Ελλάδα στη δημοσιονομική προσαρμογή”, Η Καθημερινή, 22 Οκτωβρίου. Μακράν τη μεγαλύτερη δημοσιονομική προσαρμογή στην Ευρωζώνη έχει πραγματοποιήσει η Ελλάδα την τριετία 2011-2013, όπως επιβεβαιώνεται από μελέτη της Γενικής Διεύθυνσης Οικονομικών Υποθέσεων της Κομισιόν, που δημοσιεύθηκε χθες «κατά λάθος» και εξετάζει τις συστημικές επιπτώσεις των προγραμμάτων μείωσης του ελλείμματος. H μελέτη διαγράφηκε, λίγες ώρες μετά την ανάρτησή της, από την ιστοσελίδα της Κομισιόν και τον λογαριασμό …Read More
Unemployment in the Eurozone: Alternatives for α Regional Support Program
Weeks, J., (2013), “Unemployment in the Eurozone: Alternatives for α Regional Support Program”, Social Europe Journal, 21 Οκτωβρίου. A few days ago, the Bertelsmann Stiftung hosted a conference in Brussels on “Automatic Stabilizers for the Eurozone” (October 11), with the focus on an EU-wide system of supplemental unemployment benefits. On superficial inspection the conference agenda appeared to involve a technical assessment of policy alternatives, a conference for “policy wonks” to …Read More
Investing in Europe’s physical and knowledge infrastructure
Coulter, S., (2013), “Investing in Europe’s physical and knowledge infrastructure”, Policy Network, 21 Οκτωβρίου. Europe would benefit from extra investment in both its physical and knowledge infrastructure – the two are necessities, not alternatives. But what are the political choices and impediments to an EU investment and growth agenda? With Europe’s debt crisis receding for the moment and the economic numbers slowly ticking up, heads are beginning to lift up …Read More
The European crisis in the context of historical trilemmas
Bordo, M. and James, H., (2013), “The European crisis in the context of historical trilemmas”, VoxEU, 19 Οκτωβρίου. The Eurozone’s tangle of conflicting goals – a series of ‘trilemmas’ – is not without precedent. This column argues that it is reminiscent of the interwar situation. The interwar slump was so intractable not just due to financial issues, but also a crisis of democracy, of social stability, and of the international …Read More
To Save Europe, Free the Markets
Hollenbeck, F., (2013), “To Save Europe, Free the Markets”, The Mises Institute, 19 Οκτωβρίου. The current European economic strategy is to kick the can down the road. Debt levels in almost all European countries continue to rise and growth seems to be a long forgotten memory. The day of reckoning is around the corner, as Rudi Dornbush once warned, “[t]he crisis takes a much longer time coming than you think, …Read More