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European fiscal rules: reform urgently needed

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 allow for more public investment. […]

Changing the debt rule would miss the point

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 […]

A new internationalism on the terms of labour

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 other, it is not only […]

Reforming the financial structure of ‘small-buffers’ capitalism

We live in an advanced form of what the US economist Hyman Minsky had termed ‘money manager capitalism’ 25 years ago. Today, the dominant role played by the captains of industry in the area of industrial capitalism falls to the money managers in charge of hedge funds and pension funds. By identifying this new incarnation […]

Budging beyond Brexit

For half a century I have campaigned for a united Europe with Britain playing a full role. The Trade and Cooperation Agreement (TCA) that was approved by the British Parliament on 30 December heralded, for me, a very bad and very very painful day. The TCA finalises Britain’s divorce from the most successful peace project […]

How can we find a balance between free movement and shortages in the healthcare workforce in the EU?

In all European nations, life and health are one of the most important pillars of well-being. Indeed, health is the cultural backbone of our civilisation. Despite being cautious about a high tax burden, EU citizens want more health services of higher quality and they agree that higher health bills should be financed by general taxes […]

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