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Social investment if not now, when?.jpg

Social investment if not now, when? 

By Robin Huguenot-Noel / 21 October, 2019

For almost two decades EU institutions have paid lip-service to capacitating welfare provision. With the new legislature, it’s time to ratchet up domestic social investment. A ‘golden rule’ of exempting certain types of social spending from the Eurozone fiscal rule book for about a decade would allow to invest in...

Relaunching competitiveness- increasing quality instead of cutting wages.jpg

Increase quality to boost competitiveness – don’t cut wages

By Marta Pilati / 19 March, 2019

Regaining export competitiveness through reduction of production costs, – that is mainly by cutting wages – is socially painful and potentially ineffective. Focussing on higher added-value products and better quality is the way to a sustainable long-term strategy to become more competitive on the global market.   In some cases,...

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Wages in Europe – an overview

By FEPS / 19 March, 2019

EUROFOUND latest publication on wages:  https://www.eurofound.europa.eu/sites/default/files/ef_publication/field_ef_document/ef18085en.pdf EUROSTAT data: https://ec.europa.eu/eurostat/statistics-explained/index.php/Wages_and_labour_costs

END AUSTERITY - INCREASE WAGES TO SAVE THE EUROZONE!

Eurozone: end austerity, increase wages and promote jobs!

By Jayati Ghosh / 18 March, 2019

The Eurozone’s problems seem almost impossible to solve within the existing legal arrangements. And increasingly less so, given the growing angry and nationalistic forces. Is there any way out of the mess without a disorderly exit of one or more of its members and even a possible collapse of the...

The End of ECB’s Quantitative Easing - what next?.jpg

The End of ECB’s Quantitative Easing – what next?

By Alberto Botta / 11 January, 2019

Since 2015, the macroeconomy of the eurozone has been influenced by the implementation of Quantitative Easing by the European Central Bank. In December 2018, the ECB’s QE is coming to an end, but concerns remain about eurozone recovery from the crisis and the increasing divergence among eurozone countries. Who is...

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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...

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...

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A first reaction to the Commission’s proposal on EMU Reform

By David Rinaldi / 1 November, 2018

In these last few months, there has a lack of discussion about the long-term objectives of the European Monetary Union. These objectives need to be agreed first. Monetary arrangements are tools that have to serve broader social and political objectives, like prosperity and balanced growth within the community. It is...

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...

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