The single market & competition policy

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A multi-tier Europe? The political consequences of the euro crisis

A multi-tier Europe? The political consequences of the euro crisis

Katinka Barysch
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

What a banking union means for Europe

Philip Whyte
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.
Eurozone: Trouble in the core?

Eurozone: Trouble in the core?

Simon Tilford
26 November 2012
Many people lazily assume that the eurozone is now split into a strong, prosperous core and a weak, depressed periphery.
Germany's opposition and the euro crisis

Germany's opposition and the euro crisis

Katinka Barysch
26 November 2012
Although Germany’s next general election is not scheduled until October 2013, the campaign started in earnest on 28 September 2012.
Economic recovery requires a better deal for labour

Economic recovery requires a better deal for labour

Simon Tilford
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?

Will the euro crisis lead to the break-up of EU member-states?

Tomas Valasek
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.
How to build European services markets

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...
Bulletin issue 86

Issue 86 - 2012

Clara Marina O'Donnell, Hugo Brady, Simon Tilford
26 September 2012
Eurozone: Are the building blocks falling into place?

Eurozone: Are the building blocks falling into place?

Simon Tilford
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.
How seriously can investors take Draghi's assurances?

How seriously can investors take Draghi's assurances?

Simon Tilford
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?

Will a new German constitution save the euro?

Katinka Barysch
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.
Has the eurozone reached the limits of the politically possible?

Has the eurozone reached the limits of the politically possible?

Simon Tilford
12 July 2012
The limited measures agreed at June's summit are unlikely to take effect, suggesting that the eurozone has already reached the limits of the politically possible.
Britain must defend the single market

Britain must defend the single market

Jo Johnson MP
22 June 2012
A Conservative MP argues that the single market will flounder if the UK is marginalised inside the EU – or if the UK leaves altogether.
Some sorts of austerity are better than others

Some sorts of austerity are better than others

01 June 2012
Governments in the eurozone's periphery are making indiscriminate cuts. Reducing spending that does little to support demand and recycling it into investment would help.
A Greek exit will not be cathartic

A Greek exit will not be cathartic

Simon Tilford
25 May 2012
How the eurozone handles Greece will determine whether or not the single currency survives – and hence the future of the EU as a whole.
If a Greek exit from the eurozone is mishandled, contagion to the other struggling member-states could be uncontrollable, leading inexorably to the collapse of the euro....
Ireland's fiscal treaty referendum

Ireland's fiscal treaty referendum: (More) fear and loathing in the eurozone?

Hugo Brady
11 May 2012
Ireland votes on the EU’s new fiscal compact on May 31st. Hugo Brady assesses the chances of a Yes and the consequences of a No.
Stable public finances require stronger business investment

Stable public finances require stronger business investment

Simon Tilford
26 March 2012
Economic recovery in Europe is being held back by the unprecedented weakness of business investment. Despite a secular decline in business taxation and labour market reforms that have boosted the power of capital relative to labour, the ratio of investment-to-GDP across the EU is at a 60 year low. Rather...