Clasen, Jochen, Clegg, Daniel, Kvist Jon, (2012), ‘European labour market policies in (the) crisis’, The European Trade Union Institute Working Paper, 2012/12. Before the onset of the global economic crisis in 2008, the new millennium had been characterised by the gradual emergence of a new consensus around labour market policy reform in Europe. While in earlier decades labour market policy debates often opposed supporters and opponents of all forms of …Read More
What is political union?
Dullien, Sebastian, Torreblanca Ignacio, Jose,(2012), ‘What is political union?’, The European Council on Foreign Relations. “The euro crisis has led to a massive transfer of power to the EU level, and made political union a genuine possibility. But although pro-Europeans now agree that political union is necessary to save the euro, they often have in mind very different things. A new ECFR paper by Sebastian Dullien and José Ignacio Torreblanca …Read More
Library » EU » Politics » Policy Papers
Returning Home at Times of Trouble? Return Migration of EU Enlargement Migrants during the Crisis
Zaiceva, Anzelika, Zimmermann, Klaus F., (2012), ‘Returning Home at Times of Trouble? Return Migration of EU Enlargement Migrants during the Crisis’, IZA Discussion Paper, N.7111. The eastern enlargements of the EU in 2004 and 2007 have stimulated the mobility of workers from the new EU8 and EU2 countries. A significant proportion of these migrants stayed abroad only temporarily, and the Great recession may have triggered return intentions. However, a return …Read More
Library » EU » Society » Policy Papers
he State of the European Union – The Failure of Austerity
Garrido, Diego, (ed.), (2012), The State of the European Union – The Failure of Austerity, Fundacion Alternativas & Fiedrich-Ebert-Stiftung. The EU27 economic indicators for the end of 2012 therefore painted a bleak picture: soaring unemployment (10.8 per cent of the active population), a slip back into recession (–0.3 per cent GDP) and a growing public debt ratio (85 per cent). The scenario for the Eurozone was worse and even more …Read More
Quarterly report on the euro area- 04/2012
European Commission, (2012), Quarterly report on the euro area, 04/2012. In view of the central role that overheating housing markets played in previous years in a number of euro area Member States, the latest Quarterly Report on the Euro Area presents an analytical toolkit for assessing housing market imbalances. It is centred around an analysis of cyclical overvaluation of house prices based on a filtering approach. This notably allows unsustainable …Read More
Smart choices for growth
Ζachmann, George, (2012), ‘Smart choices for growth’, Bruegel, 28 November. Recovery in Greece, Italy, Portugal and Spain is held back in part by structural barriers. Overcoming these requires structural reform and public investment. Given the limited availability of political and financial capital, prioritising reform efforts and spending is important, but difficult. The different success factors for individual sectors are complementary. Using the example of the high-tech industry, we make the case …Read More
Library » EU » Greece » Economy » Policy Papers
The Upside of the Euro Crisis
Vaisse, Justin, (2012), ‘The Upside of the Euro Crisis’, www.brookings.edu, 28 November. Since the beginning of the European debt crisis, most economists have focused on the potential consequences of a breakup of the euro zone. It’s easy to understand why. Although unlikely, a euro-zone breakup would be a potentially cataclysmic event that would leave the world economy in tatters.
Library » EU » Economy » Opinion Articles
Household Debt in Europe’s Periphery: The dangers of a prolonged recession
Chmelar, Ales, (2012), ‘Household Debt in Europe’s Periphery: The dangers of a prolonged recession’, European Credit Research Institute, Commentary N.12. The second-dip recession in Europe’s periphery has created a poisonous mix, which risks threatening further the financial system and the economy. Against this background, this ECRI Commentary argues that time matters in the household deleveraging cycle and that a swift recovery is one of its most vital parts. The paper …Read More
Library » EU » Economy » Policy Papers
Reforming the EU budget in times of crisis
Bertoncini, Yves, (2012), ‘Reforming the EU budget in times of crisis’, Notre Europe – Jacques Delors Institute, 15 November. This tribune by Yves Bertoncini underlines the main issues at stake in the perspective of the extraordinary European Council which is to take key decisions on the EU budget for the post 2013 period. It is based on three series of remarks: – one on the crisis, which has to be …Read More
Library » EU » Economy » Opinion Articles
Europe Could Still Blow Up, Let’s Not Be Complacent
Elliott, Douglas, (2012), ‘Europe Could Still Blow Up, Let’s Not Be Complacent’, www.brookings.edu, 13 Νovember. European leaders, and their suffering peoples, are clearly making real progress in working through the Euro Crisis. However, some observers have lapsed into complacency, assuming that the worst is definitely over. I hope they are right, but there are many ways in which the situation could blow up and become worse than ever. I am willing …Read More
Library » EU » Economy » Opinion Articles