Schmidt, Vivien, (2012), ‘European Member State Elites’ Diverging Visions of the European Union: Diverging Differently since the Economic Crisis and the Libyan Intervention’, Journal of European Integration, Vol. 34, Issue 2, p.p.169-190. In the midst of the EU’s economic crisis and in the heat of the Libyan intervention, immediate concerns have seemingly crowded out consideration of the long-term issues that have been at the center of the major debates, such as …Read More
The Distribution of Full Income in Greece
Koutsampelas, Christos, Tsakloglou, Panos, (2012), ‘The Distribution of Full Income in Greece’, IZA Discussion Papers, N. 6396. Non-cash incomes from either private or public sources can have substantial effects on the distribution of economic welfare. However, standard approaches to inequality measurement either neglect them or take into account only selected non-monetary items. Using data for Greece in the mid 2000s we show that it is possible to incorporate a comprehensive …Read More
Capturing the ECB
Stiglitz, Joseph, (2012), ‘Capturing the ECB’, www.project-syndicate.org, 6 February. Nothing illustrates better the political crosscurrents, special interests, and shortsighted economics now at play in Europe than the debate over the restructuring of Greece’s sovereign debt. Germany insists on a deep restructuring – at least a 50% “haircut” for bondholders – whereas the European Central Bank insists that any debt restructuring must be voluntary.
The Limits of European Integration
Medrano Díez, Juan, (2012), ‘The Limits of European Integration’, Journal of European Integration, Vol. 34, Issue 2, p.p. 191-204. This article summarizes the special issue’s main findings and analytical contributions, challenges some of the arguments, and suggests ways of pushing the research agenda forward. The contributions to this special issue emphasize the penetration of European institutions by actors set on slowing down or reversing the process of European integration and the …Read More
Europe’s three dimensional crisis
Brown, Gordon, (2012), ‘Europe’s three dimensional crisis’, www.guardian.co.uk, 28January. In the rush to define Europe’s problems as fiscal, our deep-seated banking and competitiveness problems have been largely ignored. In the search for a simple, one-dimensional answer – austerity and, if that fails, more austerity – to what is a three-dimensional crisis, Europe’s leaders are failing to grasp the profound historical forces now reshaping Europe’s role in the world. For without complementary …Read More
The Threats to Greece’s Debt Deal
Stevis, Matina, (2012), ‘The Threats to Greece’s Debt Deal’, blogs.wsj.com, 7 January. The process of imposing losses to private-sector holders of Greek debt–known as private-sector involvement or PSI–has dogged policy-makers for months. If the Greek finance minister is to be taken at his word, the first large-scale restructuring of sovereign debt of the euro area is nigh.
National populism and xenophobia in Greece
Doxiadis, Aristos, Matsaganis, Manos, (2012) “National populism and xenophobia in Greece”, www.opendemocracy.net, 27 November. “National exceptionalism’ has long served as an antidote to the many disappointments that being a Greek has often entailed. But historically, has this now opened the door to populist forces in Greece’s political culture?”
Greece: Quo vadis?
Darvas, Zsolt, (2011), ‘Greece: Quo vadis?’, www.bruegel.org, 17 September. German Vice-Chancellor and Economics Minister Philipp Rösler broke a long period of silence about a possible Greek default by saying that all ptions are to be considered.Several finance ministries in the eurozone started to assess its implications. The ‘troika’ — the delegation composed of the IMF, European Commission and European Central Bank officials — has recently left Athens without an agreement. …Read More
The Shattering of illusions – And What Next?
Tsoukalis, Loukas, (2011), ‘The Shattering of illusions – And What Next?’, Journal of Common Market Studies, Annual Lecture, Volume 49, Issue Supplement 1, pages 19–44, September 2011. The European Union (EU) entered the new century on a wave of euroenthusiasm. Many people were convinced that integration was running fast again, and the process would be unstoppable. Some went further, predicting that the 21st century would be the century of Europe, …Read More
The Reluctant Hegemon? Germany Moves Centre Stage in the European Union
Paterson, Willliam., (2011),‘The Reluctant Hegemon? Germany Moves Centre Stage in the European Union’, Journal of Common Market Studies/ Special Issue: The JCMS Annual Review of the European Union in 2010, Vol. 49, Issue Supplement 1, p.p. 57–75