Erixon, Fredrik, (2012), “The Eurozone’s Arrested Adolescence: Sketching a Way Out of the Crisis”, The European Centre for International Political Economy Policy Brief, Ν.06/2012. The Eurozone crisis has been reinforced and prolonged by leaders’ inability to agree on robust and credible crisis responses. Individual governments are experiencing sovereign deficit and debt crises, but not the Eurozone at large. Its fiscal position is manageable. The Eurozone is rather going through a …Read More
What is political union?
Dullien, Sebastian, Torreblanca Ignacio, Jose,(2012), ‘What is political union?’, The European Council on Foreign Relations. “The euro crisis has led to a massive transfer of power to the EU level, and made political union a genuine possibility. But although pro-Europeans now agree that political union is necessary to save the euro, they often have in mind very different things. A new ECFR paper by Sebastian Dullien and José Ignacio Torreblanca …Read More
Returning Home at Times of Trouble? Return Migration of EU Enlargement Migrants during the Crisis
Zaiceva, Anzelika, Zimmermann, Klaus F., (2012), ‘Returning Home at Times of Trouble? Return Migration of EU Enlargement Migrants during the Crisis’, IZA Discussion Paper, N.7111. The eastern enlargements of the EU in 2004 and 2007 have stimulated the mobility of workers from the new EU8 and EU2 countries. A significant proportion of these migrants stayed abroad only temporarily, and the Great recession may have triggered return intentions. However, a return …Read More
Greece: Caught Fast in the Troika’s Austerity Trap
Argitis, Giorgos, (2012), ‘Greece: Caught Fast in the Troika’s Austerity Trap’ , The Levy Economics Institute of Bard College, Δεκέμβριος. On November 27, 2012, the Eurogroup reached a new “Greek deal” that once more discloses that there is no political will to address Greece’s debt crisis, or the country’s economic and social catastrophe. This fact increasingly makes Greeks think that the sovereign debt crisis incorporates significant geoeconomic and geopolitical interests …Read More
Πως µπορεί να βελτιωθεί το εµπορικό ισοζύγιο της Ελλάδας;
Δαφέρµος, Γιάννης, Νικολαϊδη, Μαρία (2012), ‘Πως µπορεί να βελτιωθεί το εµπορικό ισοζύγιο της Ελλάδας;’, Παρατηρητήριο Οικονομικών και Κοινωνικών Εξελίξεων ΙΝ.Ε. Γ.Σ.Ε.Ε, Δεκέμβριος. Η βελτίωση του εµπορικού ισοζυγίου της Ελλάδας αποτελείµία από τις αναγκαίες συνθήκες για την έξοδο της χώρας από την οικονοµική κρίση. Η αντίληψη που χαρακτηρίζει το πρόγραµµα προσαρµογής το οποίο εφαρµόζεται στην Ελλάδα τα τελευταία χρόνια είναι πως η συγκεκριµένη βελτίωση θα προέλθει κατά κύριο λόγο από τηµείωση …Read More
The State of the European Union – The Failure of Austerity
Garrido, D. (ed.) (2012) The State of the European Union – The Failure of Austerity, Fundacion Alternativas & Fiedrich-Ebert-Stiftung. The EU27 economic indicators for the end of 2012 therefore painted a bleak picture: soaring unemployment (10.8 per cent of the active population), a slip back into recession (–0.3 per cent GDP) and a growing public debt ratio (85 per cent). The scenario for the Eurozone was worse and even more …Read More
Quarterly report on the euro area- 04/2012
European Commission, (2012), Quarterly report on the euro area, 04/2012. In view of the central role that overheating housing markets played in previous years in a number of euro area Member States, the latest Quarterly Report on the Euro Area presents an analytical toolkit for assessing housing market imbalances. It is centred around an analysis of cyclical overvaluation of house prices based on a filtering approach. This notably allows unsustainable …Read More
The never-ending greek crisis: A tragedy without a catharsis
Katsikas, Dimitrios, (2012), “The never-ending greek crisis: A tragedy without a catharsis”, Revista de Estudios Europeos, no 60 Jul-Dec, pp.33-52. This article presents an overview and analysis of the crisis in Greece. It is argued that the origins of the crisis lie with deep structural problems of the Greek economy and state, which had been left unresolved for too long. The global financial crisis exposed these problems and led Greece …Read More
The Upside of the Euro Crisis
Vaisse, Justin, (2012), ‘The Upside of the Euro Crisis’, www.brookings.edu, 28 Νοεμβρίου. Since the beginning of the European debt crisis, most economists have focused on the potential consequences of a breakup of the euro zone. It’s easy to understand why. Although unlikely, a euro-zone breakup would be a potentially cataclysmic event that would leave the world economy in tatters.
Household Debt in Europe’s Periphery: The dangers of a prolonged recession
Chmelar, Ales, (2012), ‘Household Debt in Europe’s Periphery: The dangers of a prolonged recession’, European Credit Research Institute, Commentary N.12. The second-dip recession in Europe’s periphery has created a poisonous mix, which risks threatening further the financial system and the economy. Against this background, this ECRI Commentary argues that time matters in the household deleveraging cycle and that a swift recovery is one of its most vital parts. The paper …Read More