Howarth, David, Rommerskirchen, Charlotte, (2013), “A Panacea for all Times? The German Stability Culture as Strategic Political Resource”, West European Politics, Vol. 36, Issue 4, August 2013, p.p. 750-770 The German Stability Culture is frequently pointed to in the literature as the source of the country’s low inflation policies and, at the European Union level, the design of Economic and Monetary Union (EMU). In Germany, the term was regularly wielded …Read More
Saving the Euro at the Cost of Democracy
Crum. Ben, (2013), “Saving the Euro at the Cost of Democracy”, Journal of Common Market Studies, Vol. 51, Issue 4, July 2013, p.p. 614-630 This article explores the implications of the financial crisis for the relationship between monetary integration and democratic government in the European Union (EU). As the crisis has exposed the original balance that economic and monetary union (EMU) sought to maintain between monetary integration and policy diversity …Read More
Η έλλειψη υγιών θεσμών και τα εγγενή διαρθρωτικά προβλήματα τροχοπέδη στην προσέλκυση ξένων επενδυτών στην Ελλάδα – μια αναφορά στην περίοδο της κρίσης
Κοτταρίδη, Κωνσταντίνα, Γιακούλας, Δημήτρης, (2013), «Η έλλειψη υγιών θεσμών και τα εγγενή διαρθρωτικά προβλήματα τροχοπέδη στην προσέλκυση ξένων επενδυτών στην Ελλάδα – μια αναφορά στην περίοδο της κρίσης», www.euractiv.gr, 3 Ιουλίου. Τα τελευταία χρόνια με την έλευση της κρίσης έχει επανέλθει ακόμα εντονότερα στο προσκήνιο η συζήτηση γύρω από τη σημασία των Άμεσων Ξένων Επενδύσεων ως μοχλός ανάπτυξης της χώρας υποδοχής καθώς και για τους καθοριστικούς παράγοντες προσέλκυσής τους.
The Free Trade Charade
Stiglitz, Joseph, (2013), “The Free Trade Charade”, www.project-syndicate.org, 4 Ιουλίου. Though nothing has come of the World Trade Organization’s Doha Development Round of global trade negotiations since they were launched almost a dozen years ago, another round of talks is in the works. But this time the negotiations will not be held on a global, multilateral basis; rather, two huge regional agreements – one transpacific, and the other transatlantic – …Read More
A rating agency for Europe-A good idea?
Bartels, Bernhard, Weder di Mauro, Beatrice, (2013), “A rating agency for Europe-A good idea?”, www.voxeu.org, 4 Ιουλίου. US-based credit-rating agencies are regularly subject to condemnation for causing or amplifying financial crises – the Eurozone Crisis in particular. Should Europe try to set up a European agency to counter this? This column discusses evidence that shows that the largest German rating agency was more aggressive than the US Big Three both …Read More
Portugal’s Political Crisis
Kirkegaard Funk, Jacob, (2013), “Portugal’s Political Crisis”, www.piie.com, 3 Ιουλίου. A political crisis has suddenly erupted in Portugal, spurred by deep divisions in the government of Prime Minister Pedro Passos Coelho, aggravated by years of austerity and bleak economic forecasts. The political turmoil has rattled financial markets and raised doubts about Portugal’s ability to recover from its long slump.Yet deteriorating economic fundamentals in Portugal did not cause this crisis. Political …Read More
Foretastes of a “new normal”: The results of a low-profile summit
Emmanouilidis A., Janis, “Foretastes of a “new normal”: The results of a low-profile summit-Post”, European Policy Centre Publications, 1 Ιουλίου. The 27-28 June European Council was a low-profile affair which attracted little attention beyond the walls of the Justus Lipsius. EU leaders’ main aim was to signal to the public that they are intensifying their efforts to counter the most severe economic impacts of the crisis. This post-summit analysis by …Read More
Tough love for sinners in the Εurozone banking union
Micossi, Stefano, (2013), “Tough love for sinners in the Εurozone banking union”, CEPS Commentaries in Economic Policy, 1 Ιουλίου. The ministers of finance and the economy of the eurozone have now agreed on the main features of a new ESM instrument for the direct recapitalisation of euro area banks (Eurogroup, 2013) and on a framework for the recovery and resolution of credit institutions (Council of the European Union, 2013).However, as …Read More
Germany and the Euroland Crisis-The Making of a Vulnerable Haven
Bibow, Jorg, (2013), “Germany and the Euroland Crisis-The Making of a Vulnerable Haven”, Levy Institute Working Paper, N. 767, Ιούνιος 2013. Τhis paper investigates Germany’s vulnerability to the ongoing Euroland crisis. In 2010–11, Germany experienced a strong rebound from the global financial crisis of 2008–09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But the crisis that started in Euroland’s …Read More
Policy Implementation and Political Trust: Greece in the Age of Austerity
Exadaktylos, Th., Zahariadis, N., (2012), “Policy Implementation and Political Trust: Greece in the Age of Austerity”, Hellenic Observatory Papers on Greece and Southeast Europe, GreeSE Paper No. 65. Why did the Greek Socialist government consistently fail to faithfully implement the bailout reforms between 2010 and 2011 despite strong international and European pressures? Building on the top-down implementation framework by Mazmanian and Sabatier, we argue political trust underpins the government’s implementation …Read More