Future of the eurozone
The eurozone can only work if countries are better off inside the currency union than on the outside. In its current form, the single currency is unsustainable. The success or failure of the eurozone will determine the EU's future, as continued low growth and divergent economic fortunes will further heighten euroscepticism.
Judy Asks: Will the eurozone crisis come back?
20 April 2016
Carnegie Europe
A selection of experts answer a new question from Judy Dempsey on the foreign and security policy challenges shaping Europe’s role in the world.
Mere criticism of the ECB is no solution
10 April 2016
Frankfurter Allgemeine
What would happen if the ECB failed to respond to the excessively low inflation and the weak economy? What economic policy would be suitable under the current circumstances, if not monetary policy?
The European unicycle
16 November 2015
NIESR
I attended the annual Centre for European Reform conference at Ditchley Park earlier this month, with the topic 'Has the euro been a failure?'. The conference was attended by a fairly impressive list of British and continental European economists and policymakers.
Why politics will keep rattling the eurozone
13 November 2015
The Wall Street Journal
At a weekend conference organised by the CER, most participants argued that the European Central Bank’s policies are too restrictive and the bloc’s rules don't leave enough scope for governments to stimulate demand through budget policies.
EU is split over how to prepare for euro crises to come
04 November 2015
The New York Times
"It's positive that the eurozone didn't break up," said Simon Tilford, deputy director of the CER in London. "But there are still major fault lines that have not been fully addressed. Europe is by no means out of the woods."
The pain in Spain
28 October 2015
Project Syndicate
LONDON – Spain is the eurozone’s latest poster child for austerity and structural reforms. Its economy has expanded for eight consecutive quarters, steadily gaining momentum and easily outperforming the rest of the currency union. Export growth has matched that of Germany; unemployment has fallen by over a million people in...
A troubled euro needs a softer Germany
25 September 2015
The World Today: Chatham House
For those of us who think that the European Union is a good idea, the euro’s travails in recent years have been very trying. We had long assumed that the euro would encourage trade and investment across frontiers, thereby deepening the single market and boosting competition.
Will the Eurozone caucus on financial regulation?
01 September 2015
Speech by Julie Dickson, Member of the Supervisory Board of the European Central Bank, at a lunch discussion organised by the Centre for European Reform, at Morgan Stanley, London, 1 September 2015.
Das griechische Schuldenlabyrinth
21 August 2015
Die Zeit
Die Schulden Griechenlands sind nicht tragfähig – einen echten Schuldenschnitt lehnt die Bundesregierung aber ab. Wie könnte ein möglicher Kompromiss aussehen?
David Cameron should stand up to the eurozone
31 July 2015
Financial Times
Can Britain, a country that plans to keep its own currency, feel comfortable in an EU that is increasingly focused on the euro and its troubles? As David Cameron’s government starts negotiations with its partners on the terms...
The eurozone’s fault lines
14 July 2015
The New York Times
Without crucial reforms, the currency union is likely to remain in a political no man's land, whatever happens to Greece.
The Greek bailout deal resolves nothing
14 July 2015
The Huffington Post
The new bailout deal signals Greece's capitulation to its creditors, something which has important ramifications for the bailout's success. Even if the deal makes it through the Greek parliament in the coming weeks, the programme's economic incoherence will make it fall apart.
Will the ongoing Greek crisis have a positive impact on Britain's renegotiation with the EU?
08 July 2015
City A.M
John Springford, a senior research fellow at the Centre for European Reform, says No
Those who believe that an embattled EU, weakened by an ongoing Greek crisis – or worse, Grexit – would give big concessions to David Cameron are misguided.
Those who believe that an embattled EU, weakened by an ongoing Greek crisis – or worse, Grexit – would give big concessions to David Cameron are misguided.
No catharsis in Grexit
03 July 2015
City A.M.
There is a growing gap between the way the Greek crisis is seen in the Eurozone and the way it is seen across the rest of the world. Everyone agrees that Greece is a poorly governed country and that Syriza has played a poor hand badly. But whereas many Eurozone...
Drei Reformen, die Griechenland wirklich braucht
16 June 2015
Süddeutsche Zeitung
Kommt der Grexit? Nein, ein Kompromiss ist wahrscheinlich. Der aber wird die grundlegenden Probleme der griechischen Wirtschaft nicht lösen. Was das Land jetzt braucht.
Germany is becoming relaxed about a Grexit – perhaps too relaxed
24 April 2015
The Guardian
Many EU member states and the US still fear the consequences of Greece leaving Europe. They need to get their voices heard in Berlin
Judy Asks: Time for Greece to leave the euro?
18 March 2015
Carnegie Europe
Every week, a selection of leading experts answer a new question from Judy Dempsey on the foreign and security policy challenges shaping Europe’s role in the world.
Understanding the German approach towards Greece
27 January 2015
MacroPolis
With the new government in Greece preparing for the negotiations with the troika, the German position in particular has been a topic of debate, both in Greece and on markets.
Deflating German excuses
02 December 2013
New York Times
Germany has become accustomed to being top of the class in Europe, the economic musterkind, or model pupil, of the Continent. But it was recently reprimanded by the United States Treasury for running a large trade surplus and imposing a "deflationary bias" on the eurozone.