Macroeconomics & the euro

The future of Europe's economy: Disaster or deliverance?

The future of Europe's economy: Disaster or deliverance?

Paul De Grauwe, George Magnus, Thomas Mayer, Holger Schmieding
18 September 2013
Four leading economists give widely divergent diagnoses of the eurozone's problems and very different policy prescriptions. The EU's future could depend upon which is right.
Continuity and change Germany's EU policy thumbnail

Continuity and change in Germany's EU policy

06 September 2013
Germany's EU policy is shifting. It will seek a 'grand bargain' with France but be tougher on the Commission. Treaty change is moving off the agenda.
The spectre of default stalks the eurozone file thumbnail

The spectre of default stalks the eurozone

Simon Tilford
24 July 2013
A popular narrative has taken hold across much of the eurozone. The economic situation, so the story goes, is improving, or at least bottoming out, and the necessary institutional reforms are being put in place.
Don't let England's poujadists kill London's golden goose

Don't let England's poujadists kill London's golden goose

Simon Tilford
08 July 2013
London keeps Britain afloat. But the city's wealth is dependent on its openness to immigrants, which is threatened by the country's increasingly hysterical immigration debate.
Can national parliaments make the EU legitimate?

Can national parliaments make the EU more legitimate?

10 June 2013
The euro crisis has hit the EU's legitimacy. Part of the answer is to give national parliamentarians a bigger role in the EU.
The CER commission on the UK and the single market

The CER commission on the UK and the single market

07 June 2013
The CER's commission was launched this week. Policy experts, economists and business people will examine the economic case for and against EU membership.
Why the has eurozone's recovery been weaker than the US's?

Why has the eurozone's recovery been weaker than the US's?

Philip Whyte
24 May 2013
The eurozone has experienced a much weaker economic recovery than the US since 2009. The reason is that it has made more glaring policy mistakes.
A dose of inflation would help the eurozone medicine go down

A dose of inflation would help the eurozone medicine go down

Simon Tilford
16 May 2013
Eurozone policy-makers are complacent about the risks of low inflation. If the euro is to survive, inflation will need to rise significantly, especially in Germany.
European austerity: Turn or TINA?

European austerity: Turn or TINA?

Simon Tilford
25 April 2013
Despite the overwhelming weight of evidence, both empirical and theoretical, many policy-makers will continue to trot out Margaret Thatcher's favourite line: there is no alternative.
It’s the politics, stupid!

It's the politics, stupid!

Simon Tilford
25 March 2013
Many economists have been accused of being too gloomy about the euro because they underestimate the degree of political commitment that eurozone countries have made to the euro.
Do Britain's European ties damage its prosperity?

Do Britain's European ties damage its prosperity?

Philip Whyte
22 March 2013
Leaving the EU would not resolve Britain's economic difficulties, which are mostly home-grown. However, it could turn Britain into a more closed economy.
Freeing the transatlantic economy – prospects, benefits and pitfalls

Freeing the transatlantic economy – prospects, benefits and pitfalls

Philip Whyte
20 February 2013
The EU and the US would benefit from freeing up transatlantic commerce. To succeed, they must agree some rules of engagement and stick to them.
Why British prosperity is hobbled by a rigged land market

Why British prosperity is hobbled by a rigged land market

Simon Tilford
13 February 2013
The British have the least living space, highest office rents and most congested infrastructure in the EU-15. A rigged market for land is to blame.
Eurozone slump derails Britain's economic strategy thumbnail

Eurozone slump derails Britain's economic strategy

Simon Tilford
28 January 2013
The British government's drive to rebalance the UK economy has foundered on falling exports to the EU; UK exports to the rest of the world are booming.
the ECB done enough to save the euro?

Has the ECB done enough to save the euro?

25 January 2013
The ECB may have done enough to stop euro break-up for now, but markets are likely to test its willingness to buy government debt.
Europe places too much faith in supply-side policies

Europe places too much faith in supply-side policies

Simon Tilford
18 January 2013
The damage done to Europe's growth potential by very low investment and mass unemployment is likely to offset the benefits of structural reforms.