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Europe’s Troika Should Grow Up

Pisani-Ferry, Jean, (2013) “Europe’s Troika Should Grow Up”, www.project-syndicate.org, 27 May 2013. In early 2010, a group of men (and a few women) in dark suits landed in Athens. They belonged to a global institution, the International Monetary Fund, and to a pair of regional ones, the European Commission and the European Central Bank. Their mission was to negotiate the terms and conditions of a financial bailout of Greece. A …Read More

Propping up teetering Europe necessary for China’s own interests

Tzogopoulos, George (2013), “Propping up teetering Europe necessary for China’s own interests”, Global Times, 16 May. The European debt crisis is a significant challenge for China. There’s the risk for Beijing’s export-dependent economy and the threat to China’s attempt to achieve a successful diversification of its currency reserves. But perhaps the most important problem is that a potential disintegration of the European common currency area might have dramatic consequences on …Read More

Did the euro kill governance in the periphery

Villaverde, Jesus Fernandez, Garikano, Luis, Santos, Tano, (2013), “Did the euro kill governance in the periphery” , www.voxeu.org, 30 April. By the end of the 1990s, under the incentive of Eurozone entry, most peripheral European countries were busy undertaking structural reforms and putting their fiscal houses in order. This column argues that the arrival of the euro, and the subsequent interest-rate convergence, loosened a tide of cheap money that reversed …Read More

Is the euro crisis responsible for populism?

Barysch, Katinka, (2013), “Is the euro crisis responsible for populism?” , Centre for European Reform, 19 April. Populists and extremists are on the rise across Europe. Even Germany is now seeing the rise of a eurosceptic party. The euro crisis is the reason for growing political risk in the eurozone. Or is it? True, populist parties are more important in several euro countries. But the reasons for this are manifold …Read More

Europe’s Political Stress Tests

Mueller , Jan-Werner, (2013),  “Europe’s Political Stress Tests” , www.project-syndicate.org, 4 April. In recent years, the European Union – or, more accurately, the powerful countries of northern Europe – has been subjecting its weaker members to social and political “stress tests” in the name of fiscal rectitude. As a result, southern Europe and parts of Eastern Europe have become a kind of political laboratory, with experiments producing strikingly varied – …Read More

The EU’s Rubik’s cube: Who will lead after 2014

Brady, Hugo, (2013), “The EU’s Rubik’s cube: Who will lead after 2014?”, Centre for European Reform, 3 April. Next year, EU leaders will decide who will succeed Herman Van Rompuy, José Manuel Barroso and Catherine Ashton as, respectively, the next president of the European Council, president of the European Commission and high representative for foreign affairs. These (no doubt) excruciating deliberations will begin in earnest after the European Parliament (EP) …Read More

Realism, austerity or demagogy? Evidence from Italy

Bovi, Maurizio, (2013), “Realism, austerity or demagogy? Evidence from Italy”, www.voxeu.org, 20 March. How do everyday Italians feel about their economic prospects? How are political reactions related to economic events? This column presents evidence suggesting that Italians are becoming disillusioned. Comparing Berlusconi’s and Monti’s resignation, sentiment was more positive after Belusconi’s. Rather than a test on Italian citizens’ realism or on their views on austerity, recent political elections should instead …Read More

If Europe Doesn’t Stand Up

Bastasin, Carlo, (2013), “If Europe Doesn’t Stand Up”, Brookings Institute, 20 Μαρτίου. Like what happens to less intelligent creatures, there was also a sudden disavowel of paternityin the Cypriot mess. No one in Europe admits responsibility for the project of forced confiscation on all bank deposits, also the more modest ones. A proposal that, while necessary, will not survive to its temerity and is putting in danger the stability of …Read More

The case for policy change: Democratic legitimacy of EMU cannot be an afterthought in solving the crisis

 Underhill, Geoffrey, Blom, Jasper, (2013), “The case for policy change: Democratic legitimacy of EMU cannot be an afterthought in solving the crisis”,www.voxeu.org, 19 March. David Cameron’s promise of a referendum on British participation in the EU has re-ignited the debate about the EU’s democratic legitimacy, just as the struggle to overcome the crisis continues. This column argues that in order to both successfully resolve the crisis and maintain states’ ability …Read More

Why Europe Should Not Worry About Italy

Santini, Ruth H., Giumelli, Francesco, (2013), “Why Europe Should Not Worry About Italy”, Brookings Institute, 4 March. While seemingly a threat to EU stability and at the heart of possible contagion, Italy is historically used to navigating through uncertainty, short-lived governments and catastrophic economic forecasts. Yet, the world continues to wonder where the Belpaese is heading to with a divided center-left, a never ending dawn of Berlusconi’s political influence, and …Read More