This site is for archive purposes. Please visit for latest updates
Go to Top


The Lost Consistency of European Policy Makers

Saraceno, F. (2014) “The Lost Consistency of European Policy Makers“, Sparse Thoughts of a Gloomy European Economist Blog, 06 October.   Just a quick note on something that went surprisingly unnoticed so far. After Draghi’s speech in Jackson Hole, a new consensus seems to have developed among European policy makers, based on three propositions: Europe suffers from deficient aggregate demand Monetary policy has lost traction Investment is key, both as a countercyclical …Read More

The German experiment has failed

Mitchell, B. (2014) “The German experiment has failed“, Mainly Macro Blog, 07 October.   In the last week, several new data releases have shown that the Eurozone crisis is now consolidating in the core of Europe – France, Italy and … yes, Germany. The latter has forced nonsensical austerity on its trading partners in the monetary union. And, finally, the inevitable has happened. Germany’s factories are now in decline because …Read More

Debt Rattle Oct 1 2014: Europe Is Crumbling Into Collapse

Ilargi Meijer, Ρ. (2014) “Debt Rattle Oct 1 2014: Europe Is Crumbling Into Collapse“, The Automatic Earth, 01 October.   For me, the quote of the day is this one: “If there’s a periphery of the eurozone’s periphery, that’s Naples.”. The city of Napoli hosts ECB boss Mario Draghi and the heads of Europe’s central banks this week in some very posh former Bourbon family royal palace, and the contradictions …Read More

Solving Europe’s Credibility Problem

Pisani-Ferry, J. (2014) “Solving Europe’s Credibility Problem“, Project Syndicate, 30 September.   As the eurozone debates how to escape the stagnation trap in which it finds itself, one question has become increasingly important: Can governments credibly commit to trim public spending in the future while avoiding immediate cuts? Fortunately, the answer is a qualified yes: there are ways to ensure that fiscal accommodation now is followed by consolidation later. Growth …Read More

Europe’s Austerity Disaster

Stiglitz, J. (2014) “Europe’s Austerity Disaster“, Social Europe Journal, 29 September.   “If the facts don’t fit the theory, change the theory,” goes the old adage. But too often it is easier to keep the theory and change the facts – or so German Chancellor Angela Merkel and other pro-austerity European leaders appear to believe. Though facts keep staring them in the face, they continue to deny reality. Austerity has …Read More

The Debate About Integration

Anannya, Ο. (2014) “The Debate About Integration“, Politics in Britain – Ideas on Europe, 25 September.   Integration of migrants in the United Kingdom, more culturally and socially different than British people, can give way to creating a much more diverse society. It would beget stronger communities of people more aligned to British interests and more eager to erase out the presence of any form of extremism, prejudice or intolerance towards …Read More

Why Merkel’s Foreign Policy For Eastern Europe Is Failing

Hill, S. (2014) “Why Merkel’s Foreign Policy For Eastern Europe Is Failing“, Social Europe Journal, 23 September.   The fragile cease-fire in eastern Ukraine provides an opportunity for political leaders to reflect on how we arrived at this dangerous place of Cold War-like tensions between Russia, Europe and the United States. From Washington DC to Berlin to Warsaw, western leaders are scrambling to figure out where to go from here. Chancellor …Read More

Europe’s Bargain

Spence, M. (2014) “Europe’s Bargain“, Project Syndicate, 19 September.   In July, the European Commission published its sixth report on economic, social, and territorial cohesion (a term that can be roughly translated as equality and inclusiveness). The report lays out a plan for substantial investment – €450 billion ($583 billion) from three European Union funds – from 2014 to 2020. Given today’s difficult economic and fiscal conditions, where public-sector investment …Read More

Germany is undermining future growth

The European Magazine: Conversations, Interview with Philippe Legrain, “Germany is undermining future growth”, 20 Σεπτεμβρίου 2014.   Europe is experiencing one of its biggest crises ever. As former chief economic adviser to Manuel Barroso, Philippe Legrain was right at the heart of it. He told Christoph Hosang why the policy response to the eurozone crisis has been catastrophic and what kind of alternative approach is needed.   © Private Photo …Read More

Dying for Europe

Sutherland, P. (2014) “Dying for Europe“, Project Syndicate, 19 September.   This summer, a gruesome tragedy unfolded aboard a ship in the Mediterranean Sea. Twenty-nine men, women, and children fleeing crisis-torn countries succumbed to engine fumes in the vessel’s hold. As 60 others scrambled to escape, the human traffickers carrying them to Europe stabbed them and threw them into the sea off the coast of Lampedusa. Eventually, a Danish petrol …Read More