Europe’s Great Divide
In our previous post (here), we described post-electoral Europe’s stalemate in a European version of the “Impossible Triplet” sketched by Dani Rodrik to describe the dilemmas of globalization. We drew...
View ArticleChina’s EU Strategy Amid Greek Elections & Euro Uncertainty
Despite rising political risk in Greece and increasing economic uncertainty in Europe, China’s EU strategy will thrive in and benefit the Old Continent. On Christmas Eve, Li Keqiang had a phone...
View ArticleToward the Eurozone’s Defining Moment (Finally)
After Greek elections, Brussels and Berlin can no longer shun the issue of debt relief. The era of inflated projections is over. Before the New Year, the Hellenic parliament rejected the nominee of...
View ArticleThe ECB Should Fully Use its Balance Sheet to Fight Deflation
The goal of this note is to support the view that the European Central Bank (ECB) should fully use its balance sheet to bring back inflation in the euro area to a reasonable level. It comprises four...
View ArticleWhy QE in the Eurozone Is a Mistake
Paul De Grauwe and Yuemei Ji (“Quantitative easing in the Eurozone”, VOX, 2015) have argued that quantitative easing (QE) can occur in the Eurozone without fiscal transfers. This may be the case, but...
View ArticleJobs for Greeks
With Syriza in the driver’s seat, Greece now has some hope for the end to austerity imposed by Germany and the Troika. Here’s a good short piece by C. J. Polychroniou, a research associate and policy...
View ArticleThe deal that may make or break the eurozone
It is no secret that the top priority of the new Greek government will be to negotiate a reduction in the country’s debt – as well as to broker softer terms on the austerity conditions forced by its...
View ArticleEuro-Greece Crisis: Time for a Compromise
As the hard talks on Greece’s bailout start again, there is no time to lose. A compromise is possible. Before the weekend, Eurogroup president Jeroen Djisselbloem said that “Greece wants a lot but has...
View ArticleOccupy Germany!
Germany is a short train ride away for 300 million EU citizens. Borders are open. Occupy in the name of the 99%. Stop austerity NOW. Go in peace. Obey all laws. Support the German Labor Unions. Do not...
View ArticleGerman Investment: The Pedal Is Off the Metal
There is an ongoing discussion on whether Germany is underinvesting and whether it could do more to increase its growth through investment. An analysis of recent trends produced by Roubini...
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