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Euro area annual inflation down to 1.1%

Eurostat, (2019), “Euro area annual inflation down to 1.1%“, July Euro area annual inflation is expected to be 1.1% in July 2019, down from 1.3% in June according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in July (2.0%, compared with 1.6% in June), …Read More

Democratic European parties for a democratic EU

Castaldi, Roberto, Montani, Guido, (2019), “Democratic European parties for a democratic EU“, Social Europe, July In early July, following the elections to the European Parliament in lateMay, the European Council nominated Ursula von der Leyen as president of the European Commission. It did so after protracted intergovernmental negotiations, defying the Spitzenkandidaten procedure by which the principal political families represented in the parliament had presented to voters their favoured candidates for the post. It …Read More

Trade and investment in the global economy

Anderson, James, Larch, “Trade and investment in the global economy“, VoxEU CEPR Policy Portal, July Foreign direct investment has traditionally been viewed as a key driver of prosperity, and modern FDI has also become a vehicle for transferring intangible assets. This column uses a counterfactual experiment based on a hypothetical world with no outward or inward FDI to and from low-income and lower-middle-income countries to examine the effects of FDI …Read More

Household real income per capita up in both euro area and EU28

Eurostat, (2019), “Household real income per capita up in both euro area and EU28“, July In the euro area, in real terms, household income per capita increased by 0.6% in the first quarter of 2019, after an increase of 0.4% in the previous quarter. Household real consumption per capita increased by 0.4% in the first quarter of 2019, after an increase of 0.1% in the fourth quarter of 2018. In the …Read More

European champion-ships: industrial champions and competition policy

Heim, Mathew, Midoes, Catarina, (2019), “European champion-ships: industrial champions and competition policy“, Bruegel.org, July This blog post investigates the debate on whether European competition rules should foster European industrial champions, or allow national champions to grow to a European scale. It explores the criteria that one would intuitively ascribe to industrial champions, illustrating the difficulties in defining either ‘European’ or ‘Champion’. It then conducts a brief look into whether EU …Read More

The waking giant goes back to sleep: European integration in the Greek elections

Verney, Susannah, (2019)”The waking giant goes back to sleep: European integration in the Greek elections“, Blogs Lse, July The prospect of Greece leaving the eurozone once dominated the country’s political agenda. Yet as Susannah Verney writes, in the 2019 Greek elections, relations with the EU were simply not an issue. She argues this quick change in the political climate demonstrates that unlike in the UK, Greek citizens were not motivated by a …Read More

Lagarde’s ECB Checklist

Gerlach, Stefan, (2019), “Lagarde’s ECB Checklist“, Project Syndicate.org, July After years in which the European Council acted as if there were no qualified women to lead the European Central Bank, it has finally abandoned that ludicrous excuse and appointed Christine Lagarde to the position. Lagarde is an eminently qualified and promising president-designate; but to have a successful tenure, she will need to head off her critics’ concerns. Relevant Posts Tooze, …Read More

What’s driving populism?

Rodrik, Dani, (2019), “What’s driving populism?“, Social Europe, July Is it culture or economics? That question frames much of the debate about contemporary populism. Are Donald Trump’s presidency, Brexit and the rise of right-wing nativist political parties in continental Europe the consequence of a deepening rift in values between social conservatives and social liberals, with the former having thrown their support behind xenophobic, ethno-nationalist, authoritarian politicians? Or do they reflect many voters’ …Read More

Which Way Now for the EU?

Kemal, Dervis, (2019), “Which Way Now for the EU?“, Project-Syndicate.org, July Calls for Europe to strengthen its “strategic sovereignty” often imply that a more integrated European Union should become the third pillar of a “G3” world alongside the United States and China. But if the EU tries to become a pure power player in a transactional game of realpolitik, Europe’s soft power will weaken. Relevant Posts Leonard, Mark, (2019), “Can …Read More

Seasonally adjusted government deficit decreased to 0.5% of GDP in the euro area

Eurostat, (2019),”Seasonally adjusted government deficit decreased to 0.5% of GDP in the euro area“, July In the first quarter of 2019, the seasonally adjusted general government deficit to GDP ratio stood at 0.5% in the euro area (EA19), a decrease compared with 1.1% in the fourth quarter of 2018. In the EU28, the deficit to GDP ratio stood at 0.6%, a decrease compared with 1.0% in the previous quarter. Relevant …Read More