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Next Economy
Regaining export competitiveness through reduction of production costs, – that is mainly by cutting wages – is socially painful and potentially ineffective. Focussing on higher added-value products and better quality is the way to a sustainable long-term strategy to become more competitive on the global market. In some cases,...
EUROFOUND latest publication on wages: https://www.eurofound.europa.eu/sites/default/files/ef_publication/field_ef_document/ef18085en.pdf EUROSTAT data: https://ec.europa.eu/eurostat/statistics-explained/index.php/Wages_and_labour_costs
The Eurozone’s problems seem almost impossible to solve within the existing legal arrangements. And increasingly less so, given the growing angry and nationalistic forces. Is there any way out of the mess without a disorderly exit of one or more of its members and even a possible collapse of the...
Since 2015, the macroeconomy of the eurozone has been influenced by the implementation of Quantitative Easing by the European Central Bank. In December 2018, the ECB’s QE is coming to an end, but concerns remain about eurozone recovery from the crisis and the increasing divergence among eurozone countries. Who is...
The European Central Bank (ECB) is due to end its Quantitative Easing (QE) programme at the end of the year. The step has been announced for a long time; it should not lead to instability. If major problems emerge, however, the ECB could follow the Bank of Japan’s yield curve...
The 2018/19 European Semester, which coordinates the member states’ economic policies every year, has just been launched. This provides an opportunity to question the contribution of the mix of monetary and budgetary policies to the ecological transition. Paradoxically, it appears it is the ECB that is most advanced in this...
The European Council has taken important steps to enhance the exchange of information between tax administrations in order to promote tax transparency and fair tax systems in EU countries. This in turn creates a deeper and fairer single market. However, ambiguity in disclosure obligations and a high threshold requirement risks...
In an interview with the Progressive Post, economist Rémi Bazillier explains what he sees as the advantages of having a statutory minimum wage as well as the arguments against the minimum wage and argues that every EU country should have a minimum wage. Progressive Post: Why is it a...
Setting minimum wages is a way to head off the ongoing threat of economic, tax and social dumping within the European Union. Guillaume Balas sets out some of the options that policymakers should take on board. The European Union continues to face major economic and social challenges which have...
A European system of minimum wages can help bring people out of poverty as well as contribute to equality, higher productivity and healthier public sector budgets. Establishing a sufficiently high statutory minimum wage is one of the most effective policy tools to tackle the worrisome growth of in-work poverty....