The euro
Thomas Cromwell or the executioner's axe? Options for a Grexit
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.
The eurozone's 'five presidents' report': An assessment
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.
Greece: After a deal, work on a solution
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?
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.
Issue 102 - 2015
27 May 2015
- Five ways to win a referendum, and five potential pitfalls , Charles Grant
- Don't mention Beijing: The EU and Asia's maritime security, Rem Korteweg
- How will the eurozone cope with the next downturn? , Simon Tilford
Vorsprung durch Grexit?
17 April 2015
German officials are sanguine about the consequences of Grexit, and view it as increasingly likely. Merkel would be well-advised to prevent it from happening.
Issue 101 - 2015
08 April 2015
- Security in the age of austerity: You get what you pay for, Ian Bond
- The low-hanging fruit of European capital markets, Christian Odendahl
- A Marxist take on the 'Brexit' general election, John Springford
The low-hanging fruit of European capital markets
08 April 2015
The planned capital markets union in Europe faces many obstacles. Commissioner Hill was right to start with the lower-hanging fruit.
German rebalancing: Waiting for Godot?
09 March 2015
Far from rebalancing, Germany’s trade surplus continues to grow. This is in nobody’s interests. The German government could and should take steps to reduce it.
Reduced to rouble? An update on the Russian economy
24 February 2015
The Russian economy is heading for a long recession. Economic collapse, which could still occur, is not in the West's interests.
The implications of Syriza’s victory
26 January 2015
Greece is not at imminent risk of leaving the euro. But the negotiations will be difficult and uncertainties over Greece's membership will persist.
Quantitative easing alone will not ward off deflation
21 January 2015
Quantitative easing alone will do little to boost the eurozone economy. The ECB needs to shift expectations and this requires a different approach to monetary policy.
Greece will remain in the euro for now
16 January 2015
Neither Greece nor the eurozone want Grexit, and it is unlikely to happen. But neogiations will be difficult and uncertainties over Greece's membership will persist.
Is Europe’s economic stagnation inevitable or policy-driven?
23 December 2014
Germany and the eurozone: The view from Paris
16 December 2014
The French are gloomy about their relationship with the Germans and the chances of economic growth. But they are working on new ideas for eurozone governance.
Public investment: A modest proposal
01 December 2014
A eurozone-wide public investment stimulus is neither impossible nor mad, but should be part of a strategy to pull the economy off the rocks.
A Greek programme for Greece
05 November 2014
The programmes for Greece are not working. It is time for a new approach that focuses on the long-term and Greek ownership.
Why devaluing the euro is not mercantilism
02 October 2014
The ECB needs to be more innovative and drastic to weaken the euro. This would help the eurozone without hurting the world economy.
How to pull the eurozone out of the mire
26 September 2014
To free the eurozone, public investment, tax cuts and monetary stimulus are needed.
Issue 98 - 2014
26 September 2014
- Juncker and his college: The unexpected reformer?, Agata Gostyńska-Jakubowska
- How to pull the eurozone out of the mire, Christian Odendahl, John Springford
- No easy choices: Realpolitik in Mesopotamia, Rem Korteweg