Articles about:

Debt

A new internationalism on the terms of labour

By Ann Pettifor / 7 June, 2021

If progressive European political parties are to achieve both relevance and electoral success, a paradigm shift is required: away from Social Democracy’s attachment to financialised globalisation. If they aim to defeat nationalism, and to end the cycle of debt inflations and deflations on one side and trade wars on the […]

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European fiscal rules: reform urgently needed

By Philipp Heimberger / 6 May, 2021

The EU’s fiscal rules are currently deactivated due to the Covid-19 crisis. However, returning to the pre-Corona rules would be counterproductive. The first priority of reform efforts should be to ensure that applying the rules will not deepen economic crises and hold back recovery. The second priority should be to […]

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Changing the debt rule would miss the point

By David Rinaldi / 6 May, 2021

Already before the pandemic, it was clear that the economic governance framework of the European Union was unfit to drive long-term prosperity and that it was particularly ill-equipped to sustain the economy in times of recession. The point however is that moving towards a better post-pandemic economic framework is not […]

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Europe’s Budget Revolution – From Covid-19 Recession to Progressive Reconstruction

By László Andor / 1 December, 2020

The 2020 coronavirus crisis has pushed the European Union to a critical level of innovation regarding its fiscal capacity. The dogma of keeping the EU budget at around one per cent of the Gross National Income (GNI) and balancing it every year evaporated within a space of a few months. […]

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