Macroeconomics & the euro
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.
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.
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 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?
The banking union alone cannot bring recovery
29 July 2014
The banking union is a work in progress but a significant step in the right direction. However, it will not be enough for a proper recovery.
Issue 97 - 2014
29 July 2014
- An open letter to David Cameron, Charles Grant
- Three things for NATO to think about, Ian Bond
- The banking union alone cannot bring recovery, Christian Odendahl
The eurozone's real interest rate problem
08 July 2014
Aggressive fiscal and regulatory policies are needed to counteract the effects of divergent real interest rates in the eurozone – but this is not happening.
The eurozone is no place for poor countries
27 June 2014
The gap between the eurozone’s richer and poorer members is as wide as in 1999 and is growing. Poorer prospective members should take note.
How to finish the euro house
17 June 2014
Eurozone governance is politically unsustainable: its rules and institutions favour creditor over debtor countries. Eurozone policy-makers need to change direction before it is too late.
More investment, for Germany’s sake
13 June 2014
German investment is low while German borrowing costs are at record lows. Convincing the German government to invest will not be easy, for political reasons.
The economic consequences of leaving the EU
09 June 2014
A group of experts finds that, after leaving the EU, the UK would face an invidious choice: sign up to the single market’s rules, or suffer economic damage.In April 2016 an updated version of the report The economic consequences of leaving the EU: The final report of the CER commission on Brexit 2016 was published.
The eurozone economy needs a kick-start
06 June 2014
With just as many reasons for pessimism as for optimism in the eurozone, policy-makers need to further stimulate demand and pursue more targeted reforms.