Developing the social dimension of a deep and genuine Economic and Monetary Union

13 September, 2013

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László A., (2013), “Developing the social dimension of a deep and genuine Economic and Monetary Union”, European Policy Centre, Policy Brief, 13 September. Introducing systematic monitoring of key employment and social challenges and strengthening employment and social policy coordination would boost the social dimension of Economic and Monetary Union (EMU). Socio-economic divergence undermines the functioning of currency union, with employment and social crises in individual countries spilling over to others. …Read More

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How to make Europe’s incipient recovery durable: End policy uncertainty

13 September, 2013

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Buti, M. and Padoan, P.C., (2013), “How to make Europe’s incipient recovery durable: End policy uncertainty”, www.voxeu.org, 12 September. The Eurozone is recovering but the revival is fragile – ringed by downside risks. This column argues that three steps – reducing policy uncertainty, repairing the financial system, and creating new investment opportunities – are essential. They could switch the negative confidence-growth feedback loop into a positive one, thus paving the …Read More

Library » EU » Economy » Politics » Opinion Articles

Spain: The Recession May Be Ending But The Crisis Continues

13 September, 2013

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Hugh, E., (2013), “Spain – The Recession May Be Ending But The Crisis Continues”, www.EconoMonitor.com, 9 September. My feeling is that it’s totally unrealistic to expect a ‘return to the old reality’. We are now in a change of paradigm process. We all need to change our expectations and find ways to live with the new situation, since whether we like it or not we will have to. There is no …Read More

Library » EU » Economy » Opinion Articles

On the meaning of inflation

12 September, 2013

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The Economist, (2013), “Generations: On the meaning of inflation”, Free Exchange Economics Blog, 11 September. Inflation, like demand itself, is always and everywhere a monetary phenomenon. Milton Friedman was right about that. But while that’s a useful thing to know it’s not always the answer to the question we’re really asking about macroeconomic troubles. If you ask what America’s main macroeconomic problem is at the moment, one correct answer is …Read More

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A Cautionary Tale: The true cost of austerity and inequality in Europe

12 September, 2013

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Oxfam, (2013), “A Cautionary Tale: The true cost of austerity and inequality in Europe”, Oxfam Briefing Paper, 12 September. European austerity programmes have dismantled the mechanisms that reduce inequality and enable equitable growth. With inequality and poverty on the rise, Europe is facing a lost decade. An additional 15 to 25 million people across Europe could face the prospect of living in poverty by 2025 if austerity measures continue. Oxfam …Read More

Library » EU » Greece » Society » Reports

Is Europe out of the woods?

12 September, 2013

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Eichengreen, B., (2013), “Is Europe out of the woods?”, Project Syndicate, 11 September. And what happened in Greece would not stay in Greece. Once the process of euro exit had started, there was no telling where it would stop. The general feeling was that the common currency was doomed. CommentsView/Create comment on this paragraphIn fairness, this dark prognosis was not universally embraced. My own favorite recollection of this period is …Read More

Library » EU » Greece » Economy » Opinion Articles

End to Crisis ‘Within Sight’ Says Barroso

11 September, 2013

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Norman, L., (2013), “End to Crisis ‘Within Sight’ Says Barroso”, The Wall Street Journal, The Euro Crisis Blog, 11 September. Europe must move ahead on its banking union project to help the region exit an economic and debt crisis whose end is now “within sight,” the European Union’s top official said Wednesday. In his annual address to the European Parliament, European Commission President José Manuel Barroso said the region has “started …Read More

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Countries with higher rates of taxation tend to have happier citizens

11 September, 2013

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Binder, D., (2013), “Countries with higher rates of taxation tend to have happier citizens”, European Politics and Policy Blog, 10 September. What impact does a country’s level of taxation have on the happiness of its citizens? Using OECD data, David Binder assesses the relationship between high taxation levels and measures of citizen wellbeing/happiness. He finds that there is a correlation between high taxation and increased happiness, but that there are …Read More

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Euro-Zone Unemployment Unlikely to Fall Quickly

11 September, 2013

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Billington, I., (2013), “Euro-Zone Unemployment Unlikely to Fall Quickly”, The Wall Street Journal, The Euro Crisis Blog, 10 September. The euro zone may have emerged from recession this year, but unemployment is unlikely to fall quickly with companies less likely to hire staff in the final three months of the year than they were earlier in 2013, a survey of employers showed Tuesday. The quarterly Manpower Employment Outlook shows that, while there …Read More

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Economic Reforms in the Euro Area: Fiscal and Macro-structural Challenges

11 September, 2013

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Kirkegaard, J.F., (2013), “Economic Reforms in the Euro Area: Fiscal and Macro-structural Challenges”, European Parliament’s Committee on Economic and Monetary Affairs, September. This paper highlights how recent successful stabilization efforts in the euro area have shifted the main policy challenge from “acute crisis management” to fighting chronic stagnation. Critical policy challenges concerning euro area financial sector reforms and the upcoming banking sector balancesheet assessment and stress test, as well as …Read More

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