Spence, Michael, (2017), “Reprieve or Reform in Europe?”, Project Syndicate, 29 April With the pro-EU Macron seemingly headed toward the Élysée Palace – the establishment candidates on the right and the left who lost in the first round have already endorsed him – the immediate threat to the EU and the eurozone seems to have subsided. But this is no time for complacency. Unless Europe addresses flaws in growth patterns …Read More
Borzel, Tanja, A., (2016), ” From EU Governance of Crisis to Crisis of EU Governance: Regulatory Failure, Redistributive Conflict and Eurosceptic Publics”, Journal of Common Market Studies 54(S1), 8-31, 16 August Financial crisis, euro crisis, Greek crisis, Crimean crisis, Ukraine crisis, Syria crisis, migration crisis – even the greatest optimist cannot deny that Europe has been suffering through a whole series of crises ever since the Lehman Brothers bank collapsed …Read More
Eurostat/Unemployment rates in the EU regions ranged from 2.1% to 31.3%/27 April 2017 More than 80% of the NUTS 2 regions of the European Union (EU) saw their unemployment rate fall in 2016 compared with 2015, and around 60% recorded a decrease of at least 0.5 percentage points. However, regional unemployment rates continued to vary widely across the EU regions, with the lowest rates recorded in Niederbayern (2.1%) in Germany …Read More
Kollmann, Robert, Pataracchia, Beatrice, Raciborski, Rafal, Ratto, Marco, Roeger, Werner, Vogel, Lukas, (2017), “Drivers of the post-crisis slump in the Eurozone and the US “, VoxEU, 27 April The Global Crisis led to a sharp contraction and long-lasting slump in both Eurozone and US real activity, but the post-crisis adjustment in the Eurozone and the US shows striking differences. This column argues that financial shocks were key determinants of the …Read More
Petroulakis, Filippos, (2017), “Internal devaluation in currency unions: the role of trade costs and taxes”, European Central Bank Working Paper Series No 2049, April This paper studies export adjustment to negative shocks in currency unions. I consider the hitherto ignored role of trade costs and taxes in internal devaluations, which have been brought to the fore of international policy during the recent euro periphery crisis. Trade costs can limit the …Read More
Eurostat/Household real income per capita down in the euro area but up in the EU28-Fourth quarter of 2016/28 April 2017 In the euro area, in real terms, household income per capita decreased by 0.2% in the fourth quarter of 2016, after an increase of 0.2% in the previous quarter. Household real consumption per capita increased by 0.1% in the fourth quarter of 2016, after an increase of 0.4% in the …Read More
Giugliano, Ferdinando, (2017), “Draghi’s Right to Keep His Foot on the Gas”, Bloomberg View, 28 April 2017 Since becoming president of the European Central Bank, Mario Draghi has rarely looked as relaxed as he did in Thursday’s press conference. It’s not hard to see why: The euro-zone economy is gathering speed, confidence is soaring, and unemployment is tumbling. The recovery is also spreading across the region, reducing the risk that …Read More
European Investment Bank Investment Survey 2016/2017 (EIBIS), (2017), “Surveying Corporate Investment Activities, Needs and Financing in the EU”, European Investment Bank (EIB), 10 April 2017 Business investment is recovering across Europe. SMEs and firms active in the construction sector and service sector expect an expansion from relatively low levels of investment activities; whereas large firms, manufacturing firms and firms active in the infrastructure sector expect an expansion from already relatively …Read More
Eurostat/Euro area annual inflation up to 1.9% /28 April 2017 Euro area annual inflation is expected to be 1.9% in April 2017, up from 1.5% in March 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in April (7.5%, compared with 7.4% in March), followed by services …Read More
Hennette, Stéphanie, Sacriste, Thomas Piketty Guillaume, Vauchez, Antoine, (2017), “For A Treaty Democratizing Euro Area Governance”, Social Europe, 27 April Over the last ten years of economic and financial crisis, a new centre of European power has taken shape: the ‘government’ of the Euro Area. The expression may seem badly chosen as it remains hard to identify the democratically accountable ‘institution’ which today implements European economic policies. We are indeed aiming …Read More
