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The macro-micro conflict

Danielsson, Jon, Fouché, Morgane, Macrae, Robert, (2015), “The macro-micro conflict”, Voxeu, 20 October There has always been conflict between macro- and microeconomic regulation. Microeconomic policy reigns supreme during good times, and macro during bad. This column explains that while the macro and micro objectives have always been present in regulatory design, their relative importance has varied according to the changing requirements of economic, financial and political cycles. The conflict between the two seems set to …Read More

How will refugees affect European economies?

Huttl, Pia, Leandro, Alvaro, (2015), “How will refugees affect European economies?”, Bruegel publications, 19 October What’s at stake: The continuing wave of refugees arriving at the borders of the European Union has sparked discussions all around Europe on how to deal with it, and what the impact will be on the European economies. We review the blog discussions on the economic impact of the refugees, and the challenges that they …Read More

Clueless in Europe

Mody, Ashoka, (2015), “Clueless in Europe”, Bloomberg View, 19 October Despite a slowing Chinese economy, decelerating inflation and a stronger euro, European Central Bank President Mario Draghi has said he will do more to support euro-area growth only “if necessary.” He should stop listening to Europe’s scolds and do the right thing. Relevant Posts Gros, Daniel, (2015), “The End of German Hegemony”, Project Syndicate, 15 October Weeks, John, (2015). “Euro Deflation …Read More

Social Policy in the European Union

Anderson, Karen, (2015), “Social Policy in the European Union”, Palgrave-Macmillan publications, March Social policy has become an increasingly prominent component of the European Union’s policy-making responsibilities. Today, for example, a highly developed body of law regulates equal treatment in social security and co-ordinates national security schemes; national health services have opened up to patients and service providers from other states; and rules govern the translation of educational and vocational certificates …Read More

The End of German Hegemony

Gros, Daniel, (2015), “The End of German Hegemony”, Project Syndicate, 15 October Without anyone quite noticing, Europe’s internal balance of power has been shifting. Germany’s dominant position, which has seemed absolute since the 2008 financial crisis, is gradually weakening – with far-reaching implications for the European Union. Of course, from a soft-power perspective, the mere fact that people believe Germany is strong bolsters the country’s status and strategic position. But it …Read More

Reviving The EU Social Dimension: A Political Choice

Schellinger, Alexander, (2015),  “Reviving The EU Social Dimension: A Political Choice”, Social Europe Journal , 15 October The social dimension of the EU is on the verge of becoming insignificant. At practically all levels there has been a systematic weakening of Social Europe: aims, programmes and instruments have been reduced in the areas of employment policy, labour law and labour relations. The Community is rolling back previous achievements. Workers and trade unions …Read More

Towards a sustainable European economy

Daryoush, Toutia, Hedberg,  Annika, Pardo, Romain, (2015), “Towards a sustainable European economy”, European Policy Center publications, 13 October As outlined in the European Environment Agency’s report on “The European Environment – State and Outlook 2015” (SOER 2015), global trends such as world population growth, growing demand for resources, climate change and environmental pollution, increasing pressures on ecosystems, urbanisation and technological advancements are affecting also Europe. Annika Hedberg (Senior Policy Analyst), Romain Pardo (Policy Analyst) …Read More

The Crisis Europe Needs

Eichengreen, Barry, (2015), “The Crisis Europe Needs”, Social Europe Journal, 15 October It’s hard to be optimistic about Europe. Last summer, a political cage match between Germany and Greece threatened to tear the European Union apart. In country after country, extremist political parties are gaining ground. And Russian President Vladimir Putin’s incursion into Ukraine, in the EU’s backyard, has turned the common European foreign and security policy into a punch …Read More

Beyond Mainstream Explanations of the Financial Crisis

Hossein-zadeh, Ismael, (2014), “Beyond Mainstream Explanations of the Financial Crisis”, International Political Economy Series, Routledge publications, 15 April The study argues that while the prevailing views of deregulation and financialization as instrumental culprits in the explosion and implosion of the financial bubble are not false, they fail to point out that financialization is essentially an indication of an advanced stage of capitalist development. These standard explanations tend to ignore the …Read More

Germany and the Euro-Zone Crisis: The European Reformation of the German Banking Crisis and the Future of the Euro

Thompson, Helen, (2015), “Germany and the Euro-Zone Crisis: The European Reformation of the German Banking Crisis and the Future of the Euro”, New Political Economy, Issue 6, Volume 20, May Analysis of the German response to the euro crisis has been framed around a narrative of the relationship between domestic sacrifice and hegemony and sustains an assumption that the German commitment to the euro is proven. Such analysis downplays the importance …Read More