Macroeconomics & the euro

Europe after Brexit: Unleashed or undone?

Europe after Brexit: Unleashed or undone?

Ian Bond, Sophia Besch, Agata Gostyńska-Jakubowska, Rem Korteweg, Camino Mortera-Martinez, Simon Tilford
15 April 2016
If Britain left the EU, the character of the Union would change. The UK has driven economic liberalisation and foreign policy co-operation, and has made the EU's machinery more efficient.

Time for a regime change in Frankfurt

Simon Tilford, Christian Odendahl
08 March 2016
To get eurozone inflation back to the 'close to 2 per cent' target, the ECB needs to be much bolder – and needs fiscal help.
Can the eurozone shake off the global gloom?

Can the eurozone shake off the global gloom?

22 January 2016
The global economy has shifted from being the potential saviour of the eurozone economy to an additional source of uncertainty for it.

European competitiveness, revisited

Christian Odendahl
19 January 2016
European ‘competitiveness’ should be defined as productivity, and the policies to raise it are complex and counter-specific. Raising ‘competitiveness’ also requires more, not less democracy.

Has the euro been a failure?

Simon Tilford, John Springford, Christian Odendahl
11 January 2016
The euro has not been a positive economic and political force. But keeping the single currency together could still be less risky than dismantling it.
25 years on: How the euro's architects erred thumbnail

25 years on: How the euro's architects erred

05 November 2015
The original plans for the euro – conceived 25 years ago – suffered from five major flaws. Only some of these flaws have been fixed.
Gain or more pain in Spain?

Gain or more pain in Spain?

19 October 2015
Spain is no poster child for austerity and structural reforms. The recovery is less than it appears and the country faces some formidable challenges.
Will the eurozone reap what it has sown?

Will the eurozone reap what it has sown?

24 September 2015
The slowdown in emerging markets leaves the eurozone even more reliant on exports to the US and UK to compensate for its feeble domestic economy.
Lighten the load

Lighten the load

Christian Odendahl
26 August 2015
Greece’s debt burden needs to be reduced, but maturity extensions on existing loans are not enough for Greece to return to the markets.
Could eurozone integration damage the single market?

Could eurozone integration damage the single market?

27 July 2015
Britain fears that the eurozone could caucus and impose rules on the EU single market. So David Cameron is asking for safeguards to protect the market.
How to keep Greece in

How to keep Greece in

Christian Odendahl
27 July 2015
Unless the eurozone invests economically and politically in the future of Greece, the country's future in the single currency remains in doubt.
Bulletin issue 103 August/September 2015

Issue 103 - 2015

Charles Grant, Christian Odendahl, Ian Bond, Rem Korteweg
27 July 2015
Offline? How Europe can catch up with US technology

Offline? How Europe can catch up with US technology

26 July 2015
The EU should not fret about the power of US internet giants. The take-up of digital technology across the services sector is more important than a 'European Google'.
The Greek bailout deal resolves nothing

The Greek bailout deal resolves nothing

Christian Odendahl, John Springford
13 July 2015
Even if the new bailout makes it through the Greek parliament in coming weeks, the programme's economic incoherence will make it fall apart.
Legal options

Thomas Cromwell or the executioner's axe? Options for a Grexit

Agata Gostyńska-Jakubowska, Camino Mortera-Martinez
10 July 2015
EU lawyers are working to find a creative way to accommodate a Grexit if it becomes inevitable. None of the options are legally watertight or desirable.
5 presidents' report

The eurozone's 'five presidents' report': An assessment

Christian Odendahl
22 June 2015
The long-awaited report rightly aims to complete a financial union in the eurozone, but over-emphasises structural reforms and underplays the need for stronger counter-cyclical policies.
Grexit

Greece: After a deal, work on a solution

Christian Odendahl
11 June 2015
A deal between Greece and its creditors is still likely but what the country really needs is a Greece-led, cross-party plan to transform its institutions. 
How will the eurozone cope with the next downturn?

How will the eurozone cope with the next downturn?

27 May 2015
Eurozone policy-makers will have little ammunition to combat the next downturn: interest rates will still be close to zero, public debt and unemployment high.