The work on revising the fiscal rules of the European Union had started long before Covid-19. The global pandemic had put the work on hold, for good reasons. Now that the EU debt levels have risen to new highs the past year, there is a strong need to speed up the process to ensure the […]
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 only a matter of fixing […]
The Covid-19 pandemic has revealed a simple truth: today’s model of globalised, financialised capitalism, teetering on a shaky foundation of vast debts and costly credit, cannot deliver human well-being. In order to reverse the course, a safe ecological load has to be fixed – a ‘Plimsoll line’, like the white line on vessels that shows […]
Eurozone : The Commission’s proposals to deepen EMU have been described as a “power-grab”, but may restore balance to a field so far dominated by the largest EU countries.
The eurozone needs ‘dynamic resilience’, explains Paulo Guerrieri.
The euro crisis followed by Brexit have shattered the EU to the core. Heikki Patomäki sets out a new approach to economic and social convergence in the EU.