Macroeconomics & the euro

Look who's sclerotic

28 September 2009
International Herald Tribune
A popular Continental misconception about Britain is that it is some kind of ultra-free economy where there is limited social welfare and where the market has been introduced into every aspect of life.

Germany will not drive a European recovery

01 September 2009
Financial Times
The European Union’s biggest member goes to the polls in less than four weeks. Yet while Germany’s economic prospects rest precariously on a recovery in foreign demand, the campaign has been free of any real debate about the country’s extraordinary export dependence. This is worrying.
A sustainable EU economic recovery requires...

Economic liberalism in retreat

16 July 2009
The New York Times
Is the brief flowering of economic liberalism in Europe over? It is too soon to read the last rites, but the prognosis is not good.
The financial crisis, the subsequent discrediting of the Anglo-Saxon economies and the passing of the most economically liberal European Commission there has ever been have put liberal economic thinking on the defensive.

The wages of recovery

15 April 2009
The Wall Street Journal
Everywhere in Europe the talk is of the need to cut costs. Companies have no choice but to respond to declining profits by reducing expenses.

Ten years on, the eurozone must beware of Greeks bearing debts

29 March 2009
The Times
Europe's leaders have plenty to fret about. The Czech Government, which holds the EU presidency, has collapsed. The European Commission is battling against the protectionist instincts of some states.

The real G20 agenda: From technics to politics

Katinka Barysch
16 March 2009
Open democracy
The efforts of world leaders to find solutions to the economic crisis are intensifying. The last preparatory meeting before the leaders' summit on 2 April 2009 shows what needs to be done, says Katinka Barysch.
The summit of finance ministers and central bankers from the Group of Twenty (G20) countries took...

It's a fabrication that Britain doesn't make things any more

Philip Whyte
13 March 2009
The Times
Nicolas Sarkozy stung us when he claimed last month that Britain, unlike France, “has no industry”. Since the implosion of the financial sector, it has become an article of faith that the British economy is paying for its excessive reliance on services.

Les crises appellent une figure forte pour l'Europe

06 March 2009
La Croix
La période actuelle où est mise à l’épreuve la construction européenne exige, pour Charles Grant, non pas davantage de transferts de compétences, mais une personnalité de premier plan face au reste du monde.

A trade surplus is not always a sign of strength

04 March 2009
Financial Times
There has been a queue of commentators arguing that the strong economic performance of the US and the UK in the run-up to the financial crisis was an illusion, a product of excessive borrowing and an inflated financial sector.

Wij moeten de zwakke eurolanden helpen

02 March 2009
NRC Handelsblad
Twaalf maanden geleden leek het nog ondenkbaar dat een EU-lidstaat in een staatsschuldencrisis zou belanden. Toch behoort dit nu tot de mogelijkheden.

How to avoid a eurozone debt crisis

24 February 2009
The Wall Street Journal
Twelve months ago it seemed inconceivable that any European Union member could face a sovereign debt crisis. It would have been the stuff of fantasy to argue that Ireland or Austria could be among those at risk.