Macroeconomics & the euro
The low-hanging fruit of European capital markets
08 April 2015
The planned capital markets union in Europe faces many obstacles. Commissioner Hill was right to start with the lower-hanging fruit.
Disunited Kingdom: Why ‘Brexit’ endangers Britain’s poorer regions
07 April 2015
A British exit from the EU most imperils the UK's poorest regions, and could make the country's regional inequality worse.
German rebalancing: Waiting for Godot?
09 March 2015
Far from rebalancing, Germany’s trade surplus continues to grow. This is in nobody’s interests. The German government could and should take steps to reduce it.
Reduced to rouble? An update on the Russian economy
24 February 2015
The Russian economy is heading for a long recession. Economic collapse, which could still occur, is not in the West's interests.
The implications of Syriza’s victory
26 January 2015
Greece is not at imminent risk of leaving the euro. But the negotiations will be difficult and uncertainties over Greece's membership will persist.
Quantitative easing alone will not ward off deflation
21 January 2015
Quantitative easing alone will do little to boost the eurozone economy. The ECB needs to shift expectations and this requires a different approach to monetary policy.
Greece will remain in the euro for now
16 January 2015
Neither Greece nor the eurozone want Grexit, and it is unlikely to happen. But neogiations will be difficult and uncertainties over Greece's membership will persist.
Is Europe’s economic stagnation inevitable or policy-driven?
23 December 2014
Germany and the eurozone: The view from Paris
16 December 2014
The French are gloomy about their relationship with the Germans and the chances of economic growth. But they are working on new ideas for eurozone governance.
The ECB is not the German central bank
02 December 2014
The ECB should stop waiting for German approval of more aggressive monetary policy, and Germany should back the ECB more openly.
Public investment: A modest proposal
01 December 2014
A eurozone-wide public investment stimulus is neither impossible nor mad, but should be part of a strategy to pull the economy off the rocks.
Does a eurozone slump make Brexit more likely?
10 November 2014
Eurozone stagnation will encourage migration to Britain, boost its EU budget contributions, and rebalance its trade towards non-EU markets. This will embolden eurosceptics.
A Greek programme for Greece
05 November 2014
The programmes for Greece are not working. It is time for a new approach that focuses on the long-term and Greek ownership.
The eurozone’s German problem
20 October 2014
Germany’s uncompromising stance is short-sighted, and poses a greater risk to its economic and political interests than a ‘grand bargain’ with the French and Italians.
Unlocking Europe's capital markets union
15 October 2014
The goal of a capital markets union should be to develop healthy non-bank sources of finance. This should be achieved mainly by liberating, not controlling markets.
Why devaluing the euro is not mercantilism
02 October 2014
The ECB needs to be more innovative and drastic to weaken the euro. This would help the eurozone without hurting the world economy.
Issue 98 - 2014
26 September 2014
- Juncker and his college: The unexpected reformer?, Agata Gostyńska-Jakubowska
- How to pull the eurozone out of the mire, Christian Odendahl, John Springford
- No easy choices: Realpolitik in Mesopotamia, Rem Korteweg
How to pull the eurozone out of the mire
26 September 2014
To free the eurozone, public investment, tax cuts and monetary stimulus are needed.
How Brussels' medicine is killing the 'French patient'
24 September 2014
France is not yet the 'sick man of Europe', but it is ailing thanks to swallowing too much bad medicine prescribed by Brussels and Berlin.
EU enlargement
31 July 2014
A number of member-states are unenthusiastic about further EU enlargement, but has the EU grown as much as it is going to?