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European Central Bank

The European Union on better tracks, but…

By Maria João Rodrigues / 14 December, 2020

The last European Council was important to put the European Union on better tracks, culminating the long and dramatic effort which was undertaken by larger European and progressive forces to respond to the current unprecedented and multidimensional crisis. Nevertheless, daunting challenges are still ahead of us. The swift implementation of...

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....

The time for a U-turn towards social and environmental justice is now

By Fabrizio Barca / 4 September, 2020

The time for adjustments and tinkering is over. Well before the ongoing Covid-19 crisis, inequalities and social injustice had mounted in most Western countries to a point where they produced widespread resentment and triggered an ‘authoritarian dynamic’: a rejection of diversity, a call for sanctioning outlying behaviour and for building...

Normalisation of the ECB’s monetary policy is timely .jpg

Normalisation of the ECB’s monetary policy is timely

By Peter Bofinger / 11 January, 2019

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...

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