Single market, competition & trade
Sticking to the rules will not rescue the eurozone
28 September 2011
Most events have an official – or at any rate widely accepted – narrative. In much of Europe, the narrative of the eurozone crisis goes something like this: this is not a crisis of the eurozone, which has been a success.
Merkel's euro shackles
28 September 2011
Chancellor Angela Merkel’s apparent inability or unwillingness to take bold steps could sink the euro. Yet is it even realistic to expect her to overcome growing opposition from within her own coalition government, a hostile public mood and the red lines drawn by a powerful constitutional court? Merkel cannot...
The euro: Reaching the endgame?
19 September 2011
Eurozone policy-makers have dug in their feet, preferring to deepen the crisis than admit their mistakes. Unless reason trumps moral posturing soon, dissolution of the eurozone is inevitable.
Eurozone crisis: Can contagion to Italy be arrested?
05 August 2011
The eurozone's debt crisis has spread to Italy. It is becoming increasingly doubtful that much-needed domestic economic reforms will be sufficient to restore market confidence in the country.
Was the euro summit a game changer?
01 August 2011
The pattern is now familiar. After prolonged and very public bickering, European leaders convene in Brussels to try and restore flagging confidence in the eurozone.
Why the eurozone needs debt mutualisation
28 July 2011
The attempt to run a common monetary policy without a common treasury has failed. Debt mutualisation is necessary if the eurozone is to survive.
The new EU budget: A missed opportunity
11 July 2011
The Commission's proposals for the EU's 2014-2020 budgets are a missed opportunity, representing no substantial change. Spending on agriculture should be greatly reduced, that on cohesion re-focused and that on climate greatly increased.
Innovation: How Europe can take off
08 July 2011
Every EU government supports innovation, believing that it will help Europe to meet the numerous economic, social and environmental challenges that it faces.
Germany's brief moment in the sun
27 June 2011
Four years ago, Germany was widely seen as the sick man of Europe, beset by weak economic growth, a fast-ageing population and a pervasive sense of angst about the future.
Financial regulation: Britain the perennial outlier?
20 June 2011
Back in 2007, when the Labour government had abolished the business cycle and the City of London was booming, British policy-makers liked to vaunt the merits of ‘light touch’ regulation.
Eurozone debt crisis: To restructure or not?
01 June 2011
In March, European leaders agreed a 'grand bargain' that was designed to restore flagging confidence in the eurozone. The deal, they hoped, would return the most troubled countries – Greece, Ireland and Portugal – to debt sustainability and prevent catastrophic contagion to other, larger economies such as Italy and Spain.
Financial regulation: Will British euroscepticism collide with European populism?
21 May 2011
When EU finance ministers met in Brussels on 18 May, many observers expected sparks to fly. The reason? This was the first EU meeting that Britain’s newly-elected government would attend.
Debt restructuring will not end the euro crisis
09 May 2011
Even as the ink is still drying on Portugal’s EU/IMF ‘bail-out’ agreement, it is becoming clear that Greece’s 2010 bail-out has failed to improve the sustainability of its public finances.
The EU budget: The Union risks having the wrong debate
01 April 2011
In an age of fiscal austerity, the focus of the forthcoming EU budget talks will be even more strongly on net balances: how much a country pays in and how much it gets back.
The eurozone's grand bargain: Political pain without economic gain?
01 April 2011
Ever since the eurozone crisis broke out in late 2009, European leaders have sought to reconcile two mutually incompatible objectives: the need to restore market confidence in the zone's indebted periphery; and the unbending refusal of creditor countries in the core to turn the zone into a 'transfer union'.
Europe's damaging obsession with 'competitiveness'
31 March 2011
Many European policy-makers and business leaders believe that a country's economic growth prospects depend on its ability to capture a growing share of global markets.
Issue 77 - 2011
25 March 2011
- Europe needs a military avant-garde, Charles Grant
- The eurozone's grand bargain: Political pain without economic gain? , Philip Whyte
- The EU budget: The Union risks having the wrong debate, Stephen Tindale
A chance for further CAP reform
28 February 2011
This policy brief argues that the reform of the Common Agricultural Policy which Commissioner Fischler began over a decade ago must now be completed.
Is Germany really rebalancing?
01 February 2011
Germany has rightly been criticised for its dependence on exports and its huge trade surpluses. In normal times, when economies are growing healthily, trade imbalances pose less of a problem.
Issue 76 - 2011
28 January 2011
- European political parties are the key to EU legitimacy, Sir Julian Priestley
- A new opportunity for EU foreign policy, Charles Grant, Katinka Barysch, Tomas Valasek
- Is Germany really rebalancing?, Simon Tilford