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Eurozone

Ecological transition: the ECB and budgetary authorities referred to their responsibilities.jpg

Ecological transition: the ECB and budgetary authorities referred to their responsibilities

By Michael Vincent / 4 December, 2018

The 2018/19 European Semester, which coordinates the member states’ economic policies every year, has just been launched. This provides an opportunity to question the contribution of the mix of monetary and budgetary policies to the ecological transition. Paradoxically, it appears it is the ECB that is most advanced in this...

More transparency rules, less tax avoidance

By Leyla Ates / 12 November, 2018

The European Council has taken important steps to enhance the exchange of information between tax administrations in order to promote tax transparency and fair tax systems in EU countries. This in turn creates a deeper and fairer single market. However, ambiguity in disclosure obligations and a high threshold requirement risks...

Eurozone reforms must focus on institutions and their democratic legitimacy

By Leo Hoffmann-Axthelm / 14 February, 2018

The Commission’s proposals to deepen Economic and Monetary Union have been described as a “power-grab”, but may restore balance to a field so far dominated by the largest EU countries.   The one thing that everyone can agree on is that the eurozone needs reform. The 2010-2012 crisis response had...

‘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...

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...

From Delors’ compact to Social Union

By László Andor / 9 February, 2018

Divergence between EU countries in terms of unemployment and poverty levels as well as working conditions has been identified as major destabilising factors in the European Union. The Gothenburg declaration by EU leaders about the European Pillar of Social Rights is only a first step to addressing these issues.  ...

Relaunching social Europe? The Pillar of Social Rights and EU governance

By Dimitris Tsarouhas / 8 February, 2018

The launch of the European Pillar of Social Rights has unleashed a fruitful debate, which is closely linked to the future of EU integration. Dr. Tsarouhas looks back at the launch of the Pillar and assesses what should be done now for it to fulfil its potential.   The renewed...

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No favourable winds for Brussels

By Uwe Optenhögel / 8 December, 2017

This could not have been the way in which European Commission President Jean Claude Juncker imagined the elections in Germany would turn out. After, from a Brussels perspective, we had got through the Dutch and French elections better than many had expected, Brussels would have preferred a continuation of the...

Stability Eurozone Future Playing the ball back to the member states.jpg

Eurozone Future: Playing the ball back to the member states

By Björn Hacker / 24 July, 2017

The latest push to revive Eurozone reform efforts shows an EU-Commission capitulating in the face of two divergent perspectives among the divided member states. It is doubtful if adherents of a stability union or a fiscal union approach will find common ground this time.   The European Commission’s recent reflection...

Europe’s democratic deficit is anthropolitical European.jpg

Europe’s democratic deficit is anthropolitical

By Pascal Lamy / 12 July, 2017

An Interview with Pascal Lamy about the European Challenges   Progressive Post : Will increasing the competencies of the European institutions, such as the Commission, or indeed the creation of new bodies, for example a euro zone parliament, strengthen European democracy? Pascal Lamy : I don’t think so. If the...