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Next Economy

A budget to bring added value to Europe

By Michel Aglietta / 14 February, 2018

To revive democracy in Europe we must produce a European budget that provides added value to all citizens. An EU budget under the control of the European Parliament will result in long-term investments backed up by a revised budget.   A long-term vision is crucial if we are to take...

A reform of the EU budget is the best tool to secure a strong cohesion policy

By Catiuscia Marini / 14 February, 2018

The EU budget is too often seen as a cumbersome obligation which has to be satisfied with money instead of a possible tool to increase investment in the European Union. And yet, for half a century, EU cohesion policy has been helping to reduce disparities in economic development and social...

The elephant in the European room: the budget

By Nicolas Leron / 14 February, 2018

Much more than a question of the macroeconomic stabilisation of a sub-optimal monetary zone, the question of the European budget remains a constitutive element of the political community. The EU is suffering from a crisis in public power which requires a budgetary leap of faith: a budget that is able...

‘Dynamic Resilience’ needed in euro-area governance redesign

By Paolo Guerrieri / 13 February, 2018

The euro area has spent the best part of a decade fighting for survival. Significant institutional reforms have been introduced. More recently, the eurozone has been enjoying its strongest recovery since the financial crisis but complacency would be misplaced and the favourable economic expansion should be used as a unique...

Tax us if you can: big tech’s challenge to the state

By Richard Murphy / 13 February, 2018

Back in 1999, when the dot.com boom was at its height and I was, amongst other things, the Chief Financial Officer of a tech company, few people if any thought that the foundation of the value of the companies that were already seriously over-valued at that time would be their...

Germany and the euro – what’s next?

By Gustav Horn / 12 February, 2018

At first glance, the German economy appears to be in excellent condition. But a second look reveals hairline cracks in the economic structure, the economic and political consequences of which are as yet hard to predict. This is apparent not least from the emergence of nationalist-populist political ideas whose economic...

How can we ensure that the internet giants pay their fair share of tax?

By Pervenche Berès / 9 February, 2018

Given that our economies are being reshaped and challenged by the digital revolution, our policies need to evolve to deal with this new type of wealth creation. One of the big issues is how to ensure that internet companies pay their fair share of taxes. MEP Pervenche Berès explains why...

The challenge of Europe: growth and social cohesion

By Pedro Sanchez / 9 November, 2017

The Great Recession and the errors in European economic policy have led to a sharp increase in inequalities; a problem that, along with climate change, is the particular challenge for Europe in the next decades.   The inequalities that are emerging are morally unjust, undermining economic growth and dangerously undermining...

labour We must introduce social considerations into the various economic policy mechanisms because social issues are not isolated from the economy.job

We must introduce social considerations into the various economic policy mechanisms

By Nicolas Schmit / 8 November, 2017

An interview with Nicolas Schmit, Luxembourg Minister of Labour, Employment and Social Economy by Alain Bloëdt, Editor-in-Chief of the Progressive Post.   PP :  Are the new proposals from the Commission on Social Europe simply a recurring theme ever-present in European politics or do they represent a real change in...

The EU: A ‘holding environment’ for social investment reform?

By Anton Hemerijck / 8 November, 2017

For national politicians wishing to break away from the failed ‘e-client market hypothesis’, investment in social policy positively re-legitimises the role of the state in the (mixed) economy, drives up standards in family policy, education, and employment services and embeds all of this in a policy agenda of inclusive growth....