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Crisis Management in the Euro Area: Why Europe’s Policy is on the Right Track

Becker, Werner, Löchel, Horst, Gregosz, David, (2013) “Crisis Management in the Euro Area: Why Europe’s Policy is on the Right Track”, The Konrad Adenauer Stiftung. The aim of this article is to show that the crisis-driven pragmatism of politics is an appropriate way of resolving the problems in the currency area and placing the European Economic and Monetary Union (EMU) on a new, more stable footing. The paper will show …Read More

From Supervision to Resolution: Next Steps on the Road to European Banking Union

Veron, Nicolas, Wolff, Guntram B., (2013), “From Supervision to Resolution: Next Steps on the Road to European Banking Union”, The Peterson Institute for International Economics. Special resolution regimes for banks and systemically important financial institutions are an attractive alternative to both insolvency and public bailouts and have a compelling track record. The European Council has outlined a policy sequence of three successive steps including the Single Supervisory Mechanism (SSM), the …Read More

The crisis of the periphery. Greece and EU foreign policy

Zotti, Antonio, (2013), “The crisis of the periphery. Greece and EU foreign policy”, Istituto Per Gli Studi Di Politica Internazionale. Since the outbreak of the EU debt crisis, severe budget constraints and urgent domestic concerns have been seriously affecting Greece’s foreign policy. The first part of the paper tries to shed light on how structural factors underlying both Greek policy-making and its regional context produce stabilizing effects on the country’s …Read More

Η βιογραφία του Grexit

Βαρουφάκης, Ιωάννης, (2013), ‘Η βιογραφία του Grexit’, www.protagon.gr, 1 Φεβρουαρίου. Το μεγάλο «γεγονός» των περασμένων μηνών ήταν η απόφαση της Γερμανίας να βάλει τέλος, τουλάχιστον έως τον επόμενο Σεπτέμβριο, στα σενάρια περί Grexit, δηλαδή αποπομπής της Ελλάδας από την Ευρωζώνη. Αυτή η απόφαση, που πρωτοφάνηκε με την επίσκεψη της κ. Μέρκελ στην Αθήνα και τις μετέπειτα δηλώσεις της, έδωσε μια ανάσα στην κυβέρνηση και δημιούργησε αρκετή εμπιστοσύνη για να βγάλουν …Read More

Fiscal multipliers – oh yeah!

Ματσαγγάνης, Μάνος, (2013), ‘Fiscal multipliers-oh yeah’, www.protagon.gr, 29 Ιανουαρίου. Συμβαίνει σπάνια ένα επιστημονικό ζήτημα με περίεργες τεχνικές πτυχές να συζητιέται ξαφνικά στα πρωτοσέλιδα του διεθνούς Τύπου. Αυτό ακριβώς φαίνεται να συμβαίνει τώρα, με τη διαμάχη γύρω από το ζήτημα των «δημοσιονομικών πολλαπλασιαστών» – θέμα με το οποίο ομολογώ ότι και εγώ έχω ασχοληθεί ελάχιστα από τότε που ήμουν δευτεροετής φοιτητής ΑΣΟΕΕ.

Smart choices for growth

Ζachmann, George, (2012), ‘Smart choices for growth’,  Bruegel, 28 Νοεμβρίου. Recovery in Greece, Italy, Portugal and Spain is held back in part by structural barriers. Overcoming these requires structural reform and public investment. Given the limited availability of political and financial capital, prioritising reform efforts and spending is important, but difficult. The different success factors for individual sectors are complementary. Using the example of the high-tech industry, we make the case …Read More

European welfare states after the crisis

Diamond,  Patrick, Lodge, Guy, (2013), ‘European welfare states after the crisis’ , Policy Network Paper. Governments in the UK and elsewhere in Europe are taking a position on welfare reform which is in line with public opinion, but may be the wrong strategic choice in the long-term – prioritising benefits for older people at the expense of families and children who have been hit hard by the financial crisis.   This …Read More

Europe’s Debt Crisis Endgames—Stealth Solutions

Satyajit, Das, (2013), ‘Europe’s Debt Crisis Endgames—Stealth Solutions’, www.economonitor.com, 24 Ιανουαρίου. In his novella Chronicle of a Death Foretold (Crónica de Una Muerte Anunciada in the original Spanish), Gabriel Garcia Marquez commences at the end of the story gradually revealing the events leading up to a murder. The non-linear telling creates an unusual tension. With the conclusion known, only the precise steps leading to the tragedy remain unclear. The probable endgame of Europe’s …Read More