The euro
How Brussels' medicine is killing the 'French patient'
24 September 2014
France is not yet the 'sick man of Europe', but it is ailing thanks to swallowing too much bad medicine prescribed by Brussels and Berlin.
Issue 97 - 2014
29 July 2014
- An open letter to David Cameron, Charles Grant
- Three things for NATO to think about, Ian Bond
- The banking union alone cannot bring recovery, Christian Odendahl
The banking union alone cannot bring recovery
29 July 2014
The banking union is a work in progress but a significant step in the right direction. However, it will not be enough for a proper recovery.
The eurozone's real interest rate problem
08 July 2014
Aggressive fiscal and regulatory policies are needed to counteract the effects of divergent real interest rates in the eurozone – but this is not happening.
The eurozone is no place for poor countries
27 June 2014
The gap between the eurozone’s richer and poorer members is as wide as in 1999 and is growing. Poorer prospective members should take note.
How to finish the euro house
17 June 2014
Eurozone governance is politically unsustainable: its rules and institutions favour creditor over debtor countries. Eurozone policy-makers need to change direction before it is too late.
The economic consequences of leaving the EU
09 June 2014
A group of experts finds that, after leaving the EU, the UK would face an invidious choice: sign up to the single market’s rules, or suffer economic damage.In April 2016 an updated version of the report The economic consequences of leaving the EU: The final report of the CER commission on Brexit 2016 was published.
The eurozone economy needs a kick-start
06 June 2014
With just as many reasons for pessimism as for optimism in the eurozone, policy-makers need to further stimulate demand and pursue more targeted reforms.
Issue 96 - 2014
06 June 2014
- Business as usual is not acceptable, Charles Grant
- The eurozone economy needs a kick-start, Christian Odendahl, Simon Tilford
- Will Europe scratch Japan's back?, Rem Korteweg
Presidential candidates, European federalism and Tony Giddens
15 May 2014
The problem with ‘federalism’ is that most European citizens do not want it. This makes the federalist proposals in Tony Giddens’ new book unrealistic.
The consequences of Brexit for the City of London
08 May 2014
If Britain leaves the EU, the City of London will lose access to European markets – unless the UK aligns its financial rules with those of the EU.
Quantitative easing alone will not do the trick
28 April 2014
In the eurozone, quantitative easing by itself is unlikely to be effective. The European Central Bank needs to change the way it manages people’s expectations, too.
The eurozone's ruinous embrace of 'competitive devaluation'
10 March 2014
Instead of being criticised for pursuing competitive devaluations, eurozone countries that manage to devalue their real exchange rates are extolled as an example for others.
French federalists propose a Euro Community
03 March 2014
A group of French thinkers wants to establish a federal 'Euro Community'. Their scheme could harm the single market and make Britain's position in the EU uncomfortable.
Eurozone recovery: The world is not enough
04 October 2013
The eurozone is too big to rely on exports for economic growth. It needs policies suited to a large continental economy, not ones perfected by Germany.
Banking union – or Potemkin village?
27 September 2013
Since mid-2012, the eurozone crisis has been in remission. The period of relative calm which has prevailed since then has not been the product of an upturn in economic fortunes: until the recent summer uptick, the eurozone had suffered six consecutive quarters of declining activity and rising unemployment (a result in part of synchronised fiscal austerity across the region as a whole).
The future of Europe's economy: Disaster or deliverance?
18 September 2013
Four leading economists give widely divergent diagnoses of the eurozone's problems and very different policy prescriptions. The EU's future could depend upon which is right.
Continuity and change in Germany's EU policy
06 September 2013
Germany's EU policy is shifting. It will seek a 'grand bargain' with France but be tougher on the Commission. Treaty change is moving off the agenda.
The spectre of default stalks the eurozone
24 July 2013
A popular narrative has taken hold across much of the eurozone. The economic situation, so the story goes, is improving, or at least bottoming out, and the necessary institutional reforms are being put in place.
Issue 91 - 2013
24 July 2013
- The spectre of default stalks the eurozone, Simon Tilford
- Edward Snowden's '1984', Ian Bond
- Will the Dutch help Cameron to reform the EU?, Rem Korteweg