The euro
The euro as the world’s reserve currency?
15 November 2007
Back in the 1970s President Nixon’s treasury secretary, John Connally, famously quipped that “the dollar may be our currency, but it’s your problem”.
Will the eurozone crack?
01 September 2006
Europeans often refer to Economic and Monetary Union and enlargement as the EU's two greatest successes. However, the basis for a sustainable currency union is not in place.
Ditchley conference note - The future of the European economy
21 March 2006
In November 2005, the CER took more than 40 of Europe's top economists, policy-makers and commentators to the Ditchley Park in Oxfordshire to discuss 'The future of the European economy'. Participants included Graham Bishop, Jean-Philippe Cotis, Daniel Gros, Will Hutton, DeAnne Julius, Anatole Kaletsky, John Kay, Mart Laar, Richard Layard,...
A pact for stability and growth
03 October 2003
The stability and growth pact – the EU’s fiscal rule book – is in tatters. The eurozone’s largest countries, Germany and France, are in breach of the pact, having exceeded the 3 per cent of GDP limit for budget deficits in 2002 and 2003. Theyare likely to do so again...
Britain and the euro: How to reap the benefits
06 June 2003
The British government predicts that joining the euro would boost domestic investment, employment and growth – provided the economic conditions are right. It has promised to implement measures to ensure that Britain will benefit from the euro.
The euro and prices
03 January 2003
By most measures, the euro’s first year been a success. Doomsayers had predicted that the currency changeover would cause mayhem on European highstreets, long queues in front of cash machines and a wave of crime and forgery. In the event, the participating countries adapted to the new currency quickly and...
Closing the delivery deficit: The future of economic governance in Europe
03 May 2002
The EU has set itself a series of highly ambitious economic goals to fulfil in the next decade. Eurozone countries are committed to ensuring the longterm health of the single currency, which will mean further economic integration. The Union will need to incorporate successfully at least ten dynamic but diverse...
Issue 23 - 2002
29 March 2002
- Restoring leadership to the European council , Charles Grant
- The EU needs a flexible pact , Alasdair Murray
The Barcelona European Council
01 March 2002
The EU's ten-year plan to transform itself into "the most competitive and dynamic knowledge-based economy in the world by 2010" is running out of steam. The forthcoming summit in Barcelona on March 15 and 16 needs to reenergise Europe's faltering commitment to the 'Lisbon agenda' of economic reform.
Getting from Lisbon to Warsaw
18 February 2002
The goal of joining the European Union is now tantalizingly close for many central and Eastern countries. The bigger question is what kind of EU are they joining? For much of the past decade, policy-makers and business leaders in the candidate countries have assumed accession is a sure-fire path to economic prosperity.
The euro comes of age
03 December 2001
A dozen years after the Delors Committee produced a plan for Economic and Monetary Union, the euro finally becomes a reality for 300 million Europeans this January.
Economic policy co-ordination in the eurozone: What has been achieved? What should be done?
05 January 2001
Now that the euro has stabilised, Greece has joined EMU and the EU has committed itself to enlargement, the time is right to consider these critical issues of economic governance.
Issue 21 - 2001
24 November 2000
- NATO's big bang , Andrew Cottey
- Time to abolish the EU's rotating presidency, Steven Everts
- The euro comes of age, Alasdair Murray
Reforming the euro club
01 August 2000
And so farewell the euro-11. In future, the adhoc group of eurozone finance ministers will be known as the Euro Group, its powers beefed up along the lines dictated by the French government.
Issue 13 - 2000
28 July 2000
- Europe's new political flexibility, Steven Everts
- Reforming the euro club, Alasdair Murray
- The EU and world trade, Julie Wolf
Tackling fraud and mismanagement in the EU
02 June 2000
The European Union's political leaders have great ambitions for the years ahead: a successful economic and monetary union, a coherent and effective foreign policy, and the accession of up to 12 new member-states.
Beware the strong euro
01 June 2000
The claim may seem perverse, when the euro has barely crawled off its record lows, but there is a good case for saying that America rather than Euroland faces a looming currency crisis.
Issue 12 - 2000
26 May 2000
- Beware the strong euro, Alasdair Murray
- Europe's military ambitions, Klaus Naumann
- Mr Prodi's second chance, Charles Grant
- Federalism's last gasp, Ben Hall
The impact of the euro on transatlantic relations
07 January 2000
European Union is, almost by definition, subject to strain and tension. During the Cold War some stability was maintained by the common external threat that bound the NATO allies together under US leadership.
The case for "Mr Euroland"
01 October 1999
Most discussions about the euro focus on what it means for the politics and the economy of the EU. The actual and potential external impact of EMU is often ignored.