Mitchell, B. (2014) “Yet another solution for the Eurozone“, Bill Mitchell Blog: Modern Monetary Theory… Macroeconomic Reality, 25 September. The basis of a fiat currency, which is issued under monopoly conditions by the government and has no intrinsic value (unlike say gold or silver currencies) is that it is the only unit that the non-government sector can use to relinquish its tax and related obligations to the government. That …Read More
European Commission (2014) “The 2014 Stability and Convergence Programmes: An Overview“, European Economy, Occasional Papers. 199. July 2014: Brussels. This paper provides an overview of Member States’ 2014 Stability and Convergence Programmes (SCPs), with a focus on fiscal consolidation plans over 2013-2017. It serves as background for the examination of the SCPs against the requirements of the Stability and Growth Pact – both the corrective and the preventive arm – …Read More
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
Giavazzi, F. & Tabellini, G. (2014) “What macroeconomic policies for the Eurozone?“, VoxEU Organisation, 25 September. In a recent column, the authors suggested coordinating monetary and fiscal expansions in the Eurozone through a money-financed temporary tax cut. The effectiveness of their proposal, however, has been questioned. In this column, the authors address some of the criticisms. They argue that the counter-cyclical fiscal policies adopted by the US and the …Read More
Katan, Μ. (2014) “Moldova in Integration Vectors“, European Dialogue, 27 December 2013. In Moldova, began an active struggle for change integration vector with the EU’s customs union. Ruling alliance , which intends to August next year sign an association agreement and the creation of a free economic zone with the EU , attacking from three sides: from the east – Transnistria, in the south – Gagauz autonomy , in …Read More
Pilkington, P. (2014) “Is Economics a Science? Dogmatic Economics Vs. Reflective Economics“, Fixing the Economists Blog, 22 September. The question asked in the title of this post is actually somewhat of a trick. It is a trick because it all depends upon how you define ‘science’. Often when people say that economics is a science what they are doing is defining ‘science’ in such a way that economics fits the …Read More
Cuperus, R. (2014) “The secret mission of Frans Timmermans“, Policy Network, 17 September. Frans Timmermans is now Juncker’s number two in the new European Commission. Formally in charge of ‘Better Regulation, Inter-Institutional Relations, the Rule of Law and the Charter of Fundamental Rights,’ his more difficult undertaking will likely be the informal task of keeping the UK in the EU Last year, the Kings’s Speech (Speech from the Throne, …Read More
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
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
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
