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Europe is entering the ‘age of the referendum’, but there is nothing to fear for European democracy if referendums are properly regulated

Tierney, S. (2014) “Europe is entering the ‘age of the referendum’, but there is nothing to fear for European democracy if referendums are properly regulated“, LSE EUROPP, 02 September.   Referendums have become increasingly common occurrences in European states in recent decades. Stephen Tierneywrites on some of the potential benefits and dangers of using referendums to solve key constitutional questions. He writes that while referendums can undermine democracy if used …Read More

The wrong medicine, The Eurozone’s remedies against sluggish growth rates aren’t working. The problem: a misdiagnosis of the illness

De Grauwe, P. (2014) “The wrong medicine, The Eurozone’s remedies against sluggish growth rates aren’t working. The problem: a misdiagnosis of the illness“, The European Magazine, 26 August.   At the start of 2014 there was some hope that the economic recovery in the Eurozone would gather momentum. This hope has dissipated as the year has progressed. The slow growth in the Eurozone has become endemic since the start of …Read More

Backing the wrong horse, The solution to ease mass unemployment is at hand, but policymakers across Europe are too blind to see it

Ekkehard Ernst (2014) “Backing the wrong horse, The solution to ease mass unemployment is at hand, but policymakers across Europe are too blind to see it“, The European Magazine, 02 September.   Even today in 2014, the job market is likely to remain Europe’s number one problem child. Five years after the outbreak of the euro crisis and two years after Mario Draghi pledged to do “whatever it takes” to …Read More

Greater attention should be paid to the consequences of a ‘Brexit’ for the EU and other states around the world, not just the UK

Möller, Α. & Oliver, Τ. (2014) “Greater attention should be paid to the consequences of a ‘Brexit’ for the EU and other states around the world, not just the UK“, LSE EUROPP Blog, 01 September.   The UK’s EU membership is likely to be a key issue in the 2015 British general election campaign: a point underlined by the defection last week of the Conservative MP Douglas Carswell to UKIP. Almut …Read More

Why European Progressives Stick To Austerity

Meyer, H. (2014) “Why European Progressives Stick To Austerity“, Social Europe Journal, 01 September.   Writing about the recent French government crisis in the New York Times, Paul Krugman raised some uncomfortable questions. He worried about the ongoing dominance of austerity illogic on this side of the Atlantic and what this says about public discourse and the effectiveness of progressive forces. He criticised the UK Labour Party for its unwillingness …Read More

Publish or be damned or why central banks need to say more about the path of their policy rates

Barwell, R. & Chadha, J. (2014) “Publish or be damned or why central banks need to say more about the path of their policy rates“, VoxEU Organisation, 31 August.   In the wake of the crisis, forward guidance has become a prominent tool of monetary policy. This column argues that central banks should go a step further, communicating to the public the internal policy debate that goes into monetary policy …Read More

Europe According to Draghi

Pisani-Ferry, J. (2014) “Europe According to Draghi“, Project Syndicate, 31 August.   Central bankers are often proud to be boring. Not Mario Draghi. Two years ago, in July 2012, Draghi, the president of the European Central Bank, took everyone by surprise by announcing that he would do “whatever it takes” to save the euro. The effect was dramatic. This August, he used the annual gathering of top central bankers in …Read More

Why is Europe Not ‘Coming Together’ in Response to the Euro Crisis?

Varoufakis, Y. (2014) “Why is Europe Not ‘Coming Together’ in Response to the Euro Crisis?”, Yanis Varoufakis Blog: thoughts for the post-2008 world, 29 August.   In this article I ask a question on everyone’s lips: Almost everyone agrees that the Eurozone was a one-legged giant; a monetary union lacking a political ‘leg’ to stabilise it. If so, why has the Euro Crisis (which surely strengthened that view on the back …Read More

A missed opportunity

Sonntag, A. (2014) “A missed opportunity“, EU-Asia Institute at ESSCA School of Management, 01 September.   20 years ago, on the 1st of September 1994, two German MPs from the CDU led by Helmut Kohl published a position paper, which bore the innocuous title ‘Reflexions on European Politics’ and which became quickly named the ‘Schäuble-Lamers Paper’ after its authors. The propositions and recommendations formulated in this rather dense document of …Read More

Keynes and the International Clearing Union: A Possible Model for Eurozone Reform?

Whyman, P. B. (2014) “Keynes and the International Clearing Union: A Possible Model for Eurozone Reform?“, JCMS: Journal of Common Market Studies. doi: 10.1111/jcms.12180, 07 August.   Economic and monetary union in Europe, as currently constituted, has a number of structural weaknesses. Large, persistent international payments imbalances necessitate deficit nations to deflate their economies or squeeze social wages in order to restore competitiveness. Surplus nations accrue reserves, with little pressure to …Read More