Macroeconomics & the euro
Europe places too much faith in supply-side policies
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.
Asia's fading economic miracle
11 January 2013
Prediction is not destiny. Without vigorous reforms and stronger institutions, many Asian economies will struggle to transform themselves from middle income to wealthy countries.
Sound public finances require more than low budget deficits
04 January 2013
Small budget deficits are no guarantee of sustainable public finances: Europe needs higher inflation and growth if it is to stem the rise in public debt.
Europe's future in an age of austerity
18 December 2012
The CER invited leading economists and policy-makers to debate the implications of fiscal austerity for economic, political and monetary stability.
A multi-tier Europe? The political consequences of the euro crisis
07 December 2012
Euro members must integrate more to save the single currency. But will a two-tier EU destroy the single market and lose the support of the people?
What a banking union means for Europe
05 December 2012
A full banking union is needed to stabilise the eurozone. However, even an embryonic union could drive a wedge between the eurozone and the EU-27.
Germany's opposition and the euro crisis
26 November 2012
Although Germany’s next general election is not scheduled until October 2013, the campaign started in earnest on 28 September 2012.
Issue 87 - 2012
26 November 2012
- How Britain could leave the EU, Charles Grant
- Germany's opposition and the euro crisis, Katinka Barysch
- Eurozone: Trouble in the core?, Simon Tilford
Eurozone: Trouble in the core?
26 November 2012
Many people lazily assume that the eurozone is now split into a strong, prosperous core and a weak, depressed periphery.
Economic recovery requires a better deal for labour
05 November 2012
Unless labour receives a larger share of the pie, Europe's economic recovery will prove elusive and popular hostility to markets will grow.
Will the euro crisis lead to the break-up of EU member-states?
24 October 2012
The crisis is fuelling separatism in Spain and Belgium. But elsewhere in Europe separatists do poorly. Scotland's example may yet discourage others from following Catalonia and Flanders.
Alice in euroland: What political union for the single currency?
09 October 2012
The eurozone needs to be embedded in a 'political union' if it is to work better. The question is: what sort of political union?
How to build European services markets
28 September 2012
European services markets are still overwhelmingly national. There are big economic gains to be made from opening them up.
Europe’s leaders are casting around for ways to improve the EU’s economic performance. In the long term, a more integrated single market for services could improve Europe’s weak productivity growth. The...
Europe’s leaders are casting around for ways to improve the EU’s economic performance. In the long term, a more integrated single market for services could improve Europe’s weak productivity growth. The...
Eurozone: Are the building blocks falling into place?
26 September 2012
On the face of it, September was a good month for the euro. For once, market expectations were met. The European Central Bank (ECB) belatedly opened the way for action to address the ruinous polarisation of government borrowing costs in the eurozone.
Issue 86 - 2012
26 September 2012
- Eurozone: Are the building blocks falling into place?, Simon Tilford
- What Romney would mean for Europe, Clara Marina O'Donnell
- Cameron's choice: Play to the gallery or keep Britain safe, Hugo Brady
Hollande, the Germans and 'political union'
25 September 2012
François Hollande wants a more equal Franco-German relationship. But tensions over managing the eurozone crisis and reforming EU treaties are straining that relationship.
How seriously can investors take Draghi's assurances?
31 August 2012
The ECB's upcoming programme of government bond purchases will not be big enough to dispel investors' fears that troubled euro members might quit the currency union.
Will a new German constitution save the euro?
29 August 2012
German politicians from government and opposition want a referendum on a new pro-European constitution. But this does not mean that Berlin is preparing for eurobonds.
A banking union – it is necessary, but is it likely?
27 July 2012
Could the EU's summit of June 29 come to be regarded as a watershed? Following umpteen crisis summits that have failed to tackle the root causes of the eurozone crisis, EU leaders finally got to the heart of the matter: the need to break the vicious interaction between weak banks...
Issue 85 - 2012
27 July 2012
- Europe needs a Rooseveltian break with fear, Hugo Brady
- A banking union – it is necessary, but is it likely?, Philip Whyte
- Is the Franco-British defence treaty in trouble?, Tomas Valasek