Alogoskoufis, George, (2013), “Macroeconomics and Politics in the Accumulation of Greece’s Debt: An econometric investigation, 1975-2009“, The Hellenic Observatory European Institute London School of Economics & Political Science. This paper focuses on an econometric investigation of the macroeconomic and political factors that contributed to Greece’s excessive debt accumulation and its failure to adequately address its fiscal imbalances, from the restoration of democracy in 1974 till the crisis of 2009. The …Read More
Quarterly report on the euro area-1/2013
European Commission, (2013), Quarterly report on the euro area, 1/2013. The focus section of this edition takes a look at the growth convergence experiences of euro area Member States following the introduction of the euro. Generally speaking, faster growth in relatively poorer countries has helped to narrow income gaps between EU Member States, but this convergence process is weaker for euro area members and appears to have stalled a few …Read More
Economic Governance in the European Union: Past, Present and Future
Delors, Jacques, (2013), ‘Economic Governance in the European Union: Past, Present and Future’, Journal of Common Market Studies, Vol. 51, Issue 2, p.p. 169–178.
European Vacancy Monitor No 8
Current challenges and the way forward – Annual Report of the Social Protection Committee
The Europe barometer points to stormy weather
Lannoo, Karel, (2013), “The Europe barometer points to stormy weather”, The Centre for European Policy Studies, 17 February. Against the current background of a sharp decline in public support for the EU and an emerging reinforced centre to manage the euro crisis, this commentary finds that the only way Europe’s leaders can hope to keep the fragile equilibrium afloat is to summon up the courage to go forward with concrete …Read More
Can Europe recover without credit?
Darvas, Zsolt, (2013), ‘Can Europe recover without credit?’, Bruegel Policy Contribution, Issue 2013/13. Data from 135 countries covering five decades suggests that creditless recoveries, in which the stock of real credit does not return to the pre-crisis level for three years after the GDP trough, are not rare and are characterised by remarkable real GDP growth rates: 4.7 percent per year in middle-income countries and 3.2 percent per year in …Read More
Crisis Management in the Euro Area: Why Europe’s Policy is on the Right Track
Becker, Werner, Löchel, Horst, Gregosz, David, (2013) “Crisis Management in the Euro Area: Why Europe’s Policy is on the Right Track”, The Konrad Adenauer Stiftung. The aim of this article is to show that the crisis-driven pragmatism of politics is an appropriate way of resolving the problems in the currency area and placing the European Economic and Monetary Union (EMU) on a new, more stable footing. The paper will show …Read More
From Supervision to Resolution: Next Steps on the Road to European Banking Union
Veron, Nicolas, Wolff, Guntram B., (2013), “From Supervision to Resolution: Next Steps on the Road to European Banking Union”, The Peterson Institute for International Economics. Special resolution regimes for banks and systemically important financial institutions are an attractive alternative to both insolvency and public bailouts and have a compelling track record. The European Council has outlined a policy sequence of three successive steps including the Single Supervisory Mechanism (SSM), the …Read More
European welfare states after the crisis
Diamond, Patrick, Lodge, Guy, (2013), ‘European welfare states after the crisis’, Policy Network Paper. Governments in the UK and elsewhere in Europe are taking a position on welfare reform which is in line with public opinion, but may be the wrong strategic choice in the long-term – prioritising benefits for older people at the expense of families and children who have been hit hard by the financial crisis. This is …Read More