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Financial crisis

The lights from Porto: a small step towards a Social Union?

By Maurizio Ferrera / 11 May, 2021

Some social federalists are disappointed: the Social Summit in Porto was downgraded to little more than a series of workshops, Angela Merkel only appeared online, the final declaration was tepid and the full endorsement of the European Commission’s Action Plan has been delayed to the June session of the European […]

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Changing the debt rule would miss the point

By David Rinaldi / 6 May, 2021

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 […]

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Can you hear me now?

By Jackie Jones / 12 April, 2021

Resentment and realisation can take many forms. Have the different generations learnt anything from the pandemic? Will we change the way we look at life and our relationships after Covid-19? It is the first year of university for my nineteen-year-old son. No face-to-face tuition, freshers’ week, parties, or club meetings. […]

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Fighting precarity: a paradigm shift from equality-in-prosperity to solidarity-in-wellbeing

By Albena Azmanova / 15 February, 2021

We stand at a pivotal point in history – one that contains the opportunity to replace the equality-in-prosperity formula of progressive politics with a new one: solidarity-in-wellbeing. For the past 100 years, the critique of capitalism has centred on unfair distributive outcomes (economic inequality), as well as the damage that […]

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A European Social Pillar to shape a larger transformation

By Maria João Rodrigues / 26 January, 2021

An action plan is being prepared to implement the European Pillar of Social Rights. But this is also the time to take a long-term perspective, and to reflect on what should be the social dimension of the European project for the next phase. Let us first recall what kind of […]

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Reforming the financial structure of ‘small-buffers’ capitalism

By Dirk Bezemer / 17 February, 2021

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. […]

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Trial and error in pandemic times

By László Andor / 7 April, 2020

Trial and error was also observed in the great financial crisis that devastated Europe a decade ago. As soon as the first signs of a public debt crisis emerged inside the Euro area, the parade of bad ideas began.

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